Hostess Brands Selects United States Bakery as Winning Bidder for Remaining Bread Brands

 Hostess Brands Selects United States Bakery as Winning Bidder for Remaining
                                 Bread Brands

-- United States Bakery to Pay Approximately $30.9 Million for Sweetheart®,
Eddy's®, Standish Farms®, and Grandma Emilie's® Brands

-- Company to Seek Court Approval of Transaction on April 9

PR Newswire

KANSAS CITY, Mo., March 19, 2013

KANSAS CITY, Mo., March 19, 2013 /PRNewswire/ -- Hostess Brands Inc. ("Hostess
Brands" or "the Company") today announced that it has selected United States
Bakery's approximately $30.9 million offer as the winning bid for the
Company's Sweetheart®, Eddy's®, Standish Farms®, and Grandma Emilie's® bread
brands, four bakeries, and 14 depots, plus certain equipment. 

The United States Bakery offer was selected as the highest and best bid at a
March 15 auction. The Company will ask the U.S. Bankruptcy Court for the
Southern District of New York to approve the transaction at a hearing on April
9.

The final offer represents a 2.8 percent increase over United States Bakery's
original stalking horse bid.

Jones Day provided legal advice to Hostess Brands on all of the transactions.
Perella Weinberg Partners served as the Company's financial advisor.

About Hostess Brands

Founded in 1930, the Company's products include iconic brands such as
Hostess®, Wonder®, Nature's Pride®, Dolly Madison®, Drake's®, Butternut®, Home
Pride®, and Merita®. 

SOURCE Hostess Brands Inc.

Contact: Tom Becker, Sitrick And Company, +1-212-573-6100,
Tom_Becker@sitrick.com, or AnitaMarie Laurie, Sitrick And Company,
+1-310-788-2850, AnitaMarie@sitrick.com