Share Placement

Zurich / Switzerland, 10 January 2012
 
ARYZTA AG ("ARYZTA") announces that it is offering up to 4,252,239 new shares with a nominal value of CHF0.02 each in a placing to a limited number of institutional investors at market terms. The number of new shares and their issue price will be determined in a book-building process arranged by UBS AG acting as Sole Bookrunner. ARYZTA will publish the definitive number of new shares and the issue price once the book-building process has been completed, which is expected to be in the course of tomorrow morning, 11 January 2012.
 
Through this placing, ARYZTA aims to broaden its shareholder base. The proceeds from the placing will be used to strengthen ARYZTA's balance sheet and for general corporate purposes.
 
The new shares will be issued out of ARYZTA's authorized share capital under the exclusion of pre-emptive rights of existing shareholders and represent less than 5% of its registered share capital prior to this capital increase. The new shares will be fully fungible with ARYZTA's existing shares and entitled to the dividend for the financial year 2011, which is scheduled to be paid on 1 February 2012 following the expected ex-dividend date on 27 January 2012.
 
Assuming all shares are placed, the number of shares in issue in ARYZTA following completion of the placing will increase from 87,558,295 shares (83,785,436 shares excluding treasury shares) to 91,810,534 shares (88,037,675 shares excluding treasury shares).
 
Notwithstanding this share issuance, the underlying earnings per share guidance of euro 338 cent for the financial year ending 31 July 2012 remains valid. The proceeds of this share placement will further strengthen ARYZTA's balance sheet. This positions ARYZTA well to meet its internal targets to enhance shareholder value through its ongoing internal strategic investment programme (ARYZTA Transformation Initiative).