Press Release: Nestle: Nestlé and Fonterra realign Latin America partnership

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   May 27, 2014 09:00 ET (13:00 GMT)- - 09 00 AM EDT 05-27-14

-2 of 2- 27 May 2014 13:00:00 UTC  Press Release: Nestle: Nestlé and Fonterra realign Latin America partnership

Nestlé S.A. / Nestlé and Fonterra realign Latin America partnership . Processed and transmitted by Nasdaq OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

This press release is also available in French (pdf): http://www.nestle.com/asset-library/Documents/Media/press-release/2014-may/Nestle-Fonterra-Latin-America-FR.pdf , German (pdf): http://www.nestle.com/asset-library/Documents/Media/press-release/2014-may/Nestle-Fonterra-Latin-America-DE.pdf , Spanish (pdf): http://www.nestle.com/asset-library/Documents/Media/press-release/2014-may/Nestle-Fonterra-Latin-America-ES.pdf and Portuguese (pdf): http://www.nestle.com/asset-library/Documents/Media/press-release/2014-may/Nestle-Fonterra-Latin-America-PT.pdf

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Vevey, 27 May 2014 - Nestlé and Fonterra have agreed to redefine the scope of their joint venture Dairy Partners Americas (DPA).

DPA was created by Nestlé and Fonterra in 2003 as a 50/50 joint venture, manufacturing milk powder and manufacturing and commercialising chilled and liquid dairy products throughout Latin America. For ten years DPA has performed well, delivering value for consumers and for the partners. Now though, the time is right to realign the partnership to better reflect the respective strategies of Nestlé and Fonterra in the region.

The DPA milk powder factories in Brazil, Argentina, Ecuador and Colombia will once again be owned and operated by Nestlé, as will the liquid dairy business in Ecuador. The chilled and liquid dairy business in Venezuela will go back to Fonterra who will operate it with a local partner. In Brazil the joint venture continues for the commercialisation of chilled dairy, with Fonterra taking a 51% stake and Nestlé 49%. We do not anticipate job losses as a result of this transaction.

The revised agreement is subject to regulatory approval.

Contacts

Media: Robin Tickle Tel.: +41 (0)21 924 22 00

Investors: Tel.: +41 (0)21 924 35 09

Fonterra: Tel.: +64 21 507 072

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Nestlé S.A. via Globenewswire

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Nestlé S.A.

Avenue Nestlé 55 Vevey Switzerland

WKN: 887208;ISIN: CH0038863350;

http://www.nestle.com (END) Dow Jones Newswires

   May 27, 2014 09:00 ET (13:00 GMT)- - 09 00 AM EDT 05-27-14