Barry Callebaut Successfully Completes the Acquisition Finance Intended to Partly Finance the Acquisition of Cocoa Ingredients Division from Petra Foods, Singapore

Barry Callebaut, the world's leading manufacturer of high-quality cocoa and chocolate products, has successfully completed its offering of new shares and its offering of notes in an aggregate amount of approximately USD 700 million. Barry Callebaut has placed the new shares via an accelerated bookbuild procedure by way of a private placement in Switzerland and outside of Switzerland, resulting in gross proceeds of approximately USD 300 million. In addition, Barry Callebaut successfully placed USD 400 million 5.5% senior notes due 2023 resulting in gross proceeds of approximately USD 400 million. The proceeds from the share and notes placement are intended to partly finance the acquisition of the Cocoa Ingredients Division from Petra Foods, Singapore.

Bär & Karrer acted as Swiss legal adviser to Barry Callebaut. The Bär & Karrer team included Urs Brügger, Till Spillmann, Denise Huser, Adrian Koller as well as Raoul Stocker and Michael Barrot (both tax).