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From Friday 20 February 2009 onwards more information will be available on this website.

Press Release

Numico reaches agreement with Dutch Association of Shareholders

Schiphol, 11 February 2009

Numico announced today that an agreement has been reached with the Dutch Association of Shareholders (“VEB”, Vereniging van Effectenbezitters) regarding an additional payment to former Numico shareholders that sold their shares during Monday morning 9 July 2007.

On 9 July 2007, Danone and Numico jointly announced Danone’s takeover bid for Numico, which since has resulted in the acquisition of Numico by Danone. In respect of the course of events on 9 July 2007, Numico emphasizes that it sees no grounds for any liability or failure to meet its duties towards former Numico shareholders. However, since Numico highly valued its relationship with the investor community, Numico - after having been in constructive meetings with VEB - has decided to offer an additional payment per Numico share sold on Monday morning 9 July 2007 to each former Numico shareholder.

The additional payment will consist of shareholders being eligible for an amount per Numico share sold on 9 July 2007 of:

  • € 1.00 for transactions from 9.00 a.m. until 9.30 a.m.;
  • € 1.50 for transactions from 9.30 a.m. until 10.30 a.m.; and
  • € 3.00 for transactions from 10.30 a.m. until the suspension of trade at 12.14 p.m.

Numico believes that this agreement is in the best interest of all former Numico shareholders and would avoid possibly lengthy, costly and uncertain litigation for all parties.

VEB has announced that it highly appreciates and supports the willingness of Numico to provide the additional payments to former Numico shareholders at the level that is provided for in the agreement. The VEB has further indicated that on this basis it will actively recommend the agreement to all former Numico shareholders.

Applications to receive the additional payment can be submitted to Numico until 15 September 2009 with the use of the application form that will be available from Friday 20 February onwards on the following websites: www.numicoschikking.nl (Dutch) and www.numicosettlement.com (English). More information on the terms and conditions of the agreement will also be available on these websites.

Legal Notes
Numico emphasizes that this press release does not yet constitute an offer for additional payments to former Numico shareholders. Reference is made to the above-mentioned websites for more information on how an application for receiving the additional payments under the agreement can be submitted.

Numico (Royal Numico N.V.) is now part of the Danone group and is currently named Danone Baby and Medical Nutrition B.V.

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For any questions you might have, please contact:

Wendela van Uchelen, General Counsel Danone Baby and Medical Nutrition      tel. +31 20 456 9120