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Cloetta Fazer: Changes Financial Year and Date for Reporting

Helsinki / FI. (fg) An Extraordinary General Meeting of Cloetta Fazer held some days ago resolved to amend the company´s Articles of Association through a change in the company´s financial year to henceforth cover the period from 01 September to 31 August. The decision was conditional on approval from the Swedish Tax Agency. The Swedish Tax Agency has granted Cloetta Fazer permission to make this change, after which the EGM´s decision to change the financial year to the period from 01 September to 31 August is now final. In connection with the change of financial year, Cloetta Fazer will apply a financial year from 01 January to 31 August 2008 and will prepare an annual report for the specified period.

New date for reporting of financial information

In connection with finalisation of the EGM´s resolution to change the company´s financial year, the Board of Directors of Cloetta Fazer has decided to adopt a new date for reporting of financial information. The year-end report for the financial year from 01 January 2008 to 31 August 2008 will be published on 14 October 2008 and the interim report for the three-month period from 01 September to 30 November 2008 will be published on 30 January 2009. The company´s interim report for the period January to June 2008 will be published on 20 August 2008. The Annual General Meeting of Cloetta Fazer will be held on 25 November 2008. Notice of the AGM will be published by 28 October 2008 at the latest. The information from Cloetta Fazer contained herein is subject to the disclosure requirements in the Swedish Securities Market Act.

Cloetta Fazer is the Nordic region´s leading confectionery company, with a market share of around 22 percent. The company has production facilities in Sweden and Finland. Cloetta Fazer´s strength lies in its many popular brands, such as Karl Fazer, Kexchoklad, Dumle, Geisha, Polly and Center. The average number of employees is around 1’600 and annual sales amount to approximately 3,3 billion SEK (Swedish Crowns).