KRAFT FOODS GROUP ANNOUNCES COMPLETION OF EXCHANGE OFFER

           KRAFT FOODS GROUP ANNOUNCES COMPLETION OF EXCHANGE OFFER

PR Newswire

NORTHFIELD, Ill., Jan. 18, 2013

NORTHFIELD, Ill., Jan. 18, 2013 /PRNewswire/ --

New $1,000,000,000 1.625% Notes due     for $1,000,000,000 1.625% Notes due
2015                                        2015
New $1,000,000,000 2.250% Notes due     for $1,000,000,000 2.250% Notes due
2017                                        2017
New $1,034,657,000 6.125% Notes due     for $1,034,657,000 6.125% Notes due
2018                                        2018
New $900,000,000 5.375% Notes due 2020  for $900,000,000 5.375% Notes due 2020
New $2,000,000,000 3.500% Notes due     for $2,000,000,000 3.500% Notes due
2022                                        2022
New $877,860,000 6.875% Notes due 2039  for $877,860,000 6.875% Notes due 2039
New $787,483,000 6.500% Notes due 2040  for $787,483,000 6.500% Notes due 2040
New $2,000,000,000 5.000% Notes due     for $2,000,000,000 5.000% Notes due
2042                                        2042

Kraft Foods Group, Inc. (NASDAQ: KRFT) announced today the final results of
its offer to exchange (the "Exchange Offer") up to $9,600,000,000 aggregate
principal amount of its (i) new $1,000,000,000 1.625% Notes due 2015, (ii) new
$1,000,000,000 2.250% Notes due 2017, (iii) new $1,034,657,000 6.125% Notes
due 2018, (iv) new $900,000,000 5.375% Notes due 2020, (v) new $2,000,000,000
3.500% Notes due 2022, (vi) new $877,860,000 6.875% Notes due 2039, (vii) new
$787,483,000 6.500% Notes due 2040, and (viii) new $2,000,000,000 5.000% Notes
due 2042 (collectively, the "Exchange Notes") for a like principal amount of
its (i) outstanding $1,000,000,000 1.625% Notes due 2015 (the "Outstanding
2015 Notes"), (ii) outstanding $1,000,000,000 2.250% Notes due 2017 (the
"Outstanding 2017 Notes"), (iii) outstanding $1,034,657,000 6.125% Notes due
2018 (the "Outstanding 2018 Notes"), (iv) outstanding $900,000,000 5.375%
Notes due 2020 (the "Outstanding 2020 Notes"), (v) outstanding $2,000,000,000
3.500% Notes due 2022 (the "Outstanding 2022 Notes"), (vi) outstanding
$877,860,000 6.875% Notes due 2039 (the "Outstanding 2039 Notes"), (vii)
outstanding $787,483,000 6.500% Notes due 2040 (the "Outstanding 2040 Notes"),
and (viii) outstanding $2,000,000,000 5.000% Notes due 2042 (the "Outstanding
2042 Notes").

(Logo: http://photos.prnewswire.com/prnh/20090420/KRAFTLOGO)

The Exchange Offer expired at 5:00 p.m., Eastern time, on Jan. 14, 2013. As
of the expiration date, tenders of (i) $997,390,000, or 99.7%, of the
Outstanding 2015 Notes, (ii) $999,140,000, or 99.9%, of the Outstanding 2017
Notes, (iii) $1,033,727,000, or 99.9%, of the Outstanding 2018 Notes, (iv)
$899,309,000, or 99.9%, of the Outstanding 2020 Notes, (v) $1,997,620,000, or
99.9%, of the Outstanding 2022 Notes, (vi) $876,212,000, or 99.8%, of the
Outstanding 2039 Notes, (vii) $787,481,000, or 99.9%, of the Outstanding 2040
Notes, and (viii) $1,973,700,000, or 98.7%, of the Outstanding 2042 Notes had
been received. Kraft accepted all of the Outstanding Notes tendered in
exchange for the Exchange Notes and the settlement occurred on Jan. 18, 2013.

Additional Information
This release is for informational purposes only and is neither an offer to
exchange, nor a solicitation of an offer to sell, the Exchange Notes. The
Exchange Offer was made pursuant to the prospectus dated Dec. 7, 2012.

ABOUT KRAFT FOODS GROUP
Kraft Foods Group, Inc. (NASDAQ: KRFT) is North America's fourth largest
consumer packaged food and beverage company, with revenues of approximately
$19 billion in 2011. Launched as a public and independent company on Oct. 1,
2012, the new Kraft has the spirit of a startup and the soul of a powerhouse.
The company has an unrivaled portfolio of products in the beverages, cheese,
refrigerated meals and grocery categories. Its iconic brands include Kraft,
Maxwell House, Oscar Mayer, Planters and JELL-O. Kraft's 25,000 employees in
the U.S. and Canada have a passion for making the foods and beverages people
love. Kraft Foods Group is a member of the Standard & Poor's 500 index. For
more information, visit www.kraft.com and www.facebook.com/kraft.

SOURCE Kraft Foods Group

Website: http://www.kraftfoodsgroup.com
Contact: Leslie Sutton (media), +1-847-646-4538, news@kraftfoods.com, or
Christopher Jakubik, CFA (investors), +1-847-646-5494, ir@kraftfoods.com