Barry Callebaut : Barry Callebaut: Proposal to increase share capital and election of two new Board members

  Barry Callebaut : Barry Callebaut: Proposal to increase share capital and
                      election of two new Board members

Barry Callebaut / Barry Callebaut: Proposal to increase share capital and
election of two new Board members . Processed and transmitted by Thomson
Reuters ONE. The issuer is solely responsible for the content of this
announcement.

Barry Callebaut's Extraordinary General Meeting of Shareholders on April 22,
2013

  *Extraordinary General Meeting of Shareholders to take place on Monday,
    April 22, 2013 at 2:30 pm at Kongresshaus Zürich

  *Proposal for the creation of authorized share capital for the purpose of
    partly financing the acquisition of the Cocoa Ingredients Division of
    Petra Foods Ltd., Singapore

  *Election of two new Board members; Markus Fiechter to step down as of the
    next Annual General Meeting of Shareholders

Zurich/Switzerland, March 27, 2013 - As announced on December 12, 2012, Barry
Callebaut, the world's leading manufacturer of high-quality cocoa and
chocolate products, agreed to acquire the Cocoa Ingredients Division from
Petra Foods Ltd., Singapore. As also communicated, the funding of the
acquisition was secured by a bridge loan, which is to be refinanced within
twelve months with a combination of equity and debt financing.
Barry Callebaut is now proposing to re-finance the bridge loan through a
combination of new equity for an equivalent amount of USD 300 million and a
USD 600 million Rule 144A/RegS USD bond offering.

The acquisition transaction is still subject to approval by Petra Foods'
shareholders as well as by regulatory authorities; the closing is expected to
be in summer 2013.

The Board of Directors of Barry Callebaut calls for an Extraordinary General
Meeting of Shareholders (EGM) on April 22, 2013 with the following agenda:

1.Authorized capital increase

The Board of Directors proposes the creation of authorized capital, which will
allow Barry Callebaut to raise the required equity capital in a most efficient
way. The new capital to be authorized will allow the Board of Directors to
increase Barry Callebaut's share capital either by way of a rights issue or a
private placement through an Accelerated Bookbuilding.

The Board of Directors has hence resolved to propose to the EGM to issue a
maximum of 500,000 new, fully paid-up registered shares with a nominal value
of CHF 18.60 per share.

As previously mentioned, Jacobs Holding AG as majority shareholder, supports
the acquisition and the proposed financing without any reservations.
Furthermore, in relation to the proposed capital increase, Jacobs Holding AG
has expressed its intention to acquire new shares in proportion to its current
holding.

2.Election of two new members to the Board of Directors

For the upcoming EGM, the Board of Directors also proposes the election of two
new members of the Board of Directors of Barry Callebaut for the current term
of office until the next ordinary General Meeting on December 11, 2013. The
evaluation process is currently not completed. The final nomination of the new
members of the Board of Directors will be communicated via separate press
release.
Markus Fiechter will step down from the Board of Directors at the ordinary
Annual General Meeting of Shareholders in December 2013 after having served
since 2004.

The EGM is to be held on April 22, 2013 at Kongresshaus, Claridenstrasse 5,
8002 Zurich, at 2:30 pm.

The invitation to the EGM will be sent on March 28, 2013 to all shareholders
registered in Barry Callebaut's share register and published in the Swiss
Official Gazette of Commerce on the same day. The invitation will also be
available on the company's home page under:
www.barry-callebaut.com/documentation .

                                     ***

Barry Callebaut (www.barry-callebaut.com/):
With annual sales of about CHF 4.8 billion (EUR 4.0 billion / USD 5.2 billion)
for fiscal year 2011/12, Zurich-based Barry Callebaut is the world's leading
manufacturer of high-quality cocoa and chocolate - from the cocoa bean to the
finest chocolate product. Barry Callebaut is present in 30 countries, operates
around 45 production facilities and employs a diverse and dedicated workforce
of about 6,000 people. Barry Callebaut serves the entire food industry
focusing on industrial food manufacturers, artisans and professional users of
chocolate (such as chocolatiers, pastry chefs or bakers), the latter with its
two global brands Callebaut^® and Cacao Barry^®. Barry Callebaut is the global
leader in cocoa and chocolate innovations and provides a comprehensive range
of services in the fields of product development, processing, training and
marketing. Cost leadership is another important reason why global as well as
local food manufacturers work together with Barry Callebaut. Through its broad
range of sustainability initiatives and research activities, the company works
with farmers, farmer organizations and other partners to help ensure future
supplies of cocoa and improve farmer livelihoods.

                                     ***

Contacts:
for investors and financial analysts: for the media:
Evelyn Nassar                         Raphael Wermuth
Head of Investor Relations            Head of Media Relations
Barry Callebaut AG                    Barry Callebaut AG
Phone: +41 43 204 04 23               Phone: +41 43 204 04 58
evelyn_nassar@barry-callebaut.com     raphael_wermuth@barry-callebaut.com

The complete news release can be downloaded from the following link:

News release (PDF)

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Source: Barry Callebaut via Thomson Reuters ONE
HUG#1688614

--- End of Message ---

Barry Callebaut
P.O. Box Zurich Switzerland

WKN: 914661;ISIN: CH0009002962;