Post Holdings, Inc. Moves Forward with Modesto Plant Closing

         Post Holdings, Inc. Moves Forward with Modesto Plant Closing

PR Newswire

ST. LOUIS, April 4, 2013

ST. LOUIS, April 4, 2013 /PRNewswire/ -- Post Holdings, Inc. (NYSE: POST), a
leading manufacturer, marketer and distributor of branded ready to eat
cereals, today announced that after discussions with the union representing
hourly employees at the Modesto, California plant, the Company's management
has made a decision to close the Modesto plant. The Modesto plant has
approximately 140 employees. The transfer of production capabilities and
closure of the plant is expected to be completed by September 2014.


Upon completion of the transfer and start-up of production at other
facilities, which is estimated to require capital expenditures of
approximately $29.8 million, Post expects to achieve net pretax annual cash
manufacturing cost savings of approximately $14.0 million. These actions are
intended to allow for reinvestment in Post's business and to better position
Post to compete in today's competitive landscape.

Forward-Looking Statements
Certain matters discussed in this press release are forward-looking
statements, including statements which use the word "expects" or "estimates."
Such statements involve certain risks and uncertainties that could cause
actual results to differ materially from those in the forward-looking
statements. Potential risks and uncertainties include the impact of our
separation from Ralcorp and risks relating to our ability to operate
effectively as a stand-alone, publicly traded company; our high leverage and
substantial debt, including covenants that will restrict the operation of our
business; the impact of the restatement of Post's financial statements;
significant increases in the costs of certain commodities, packaging or energy
used to manufacture our products; changes in our cost structure, management,
financing and business operations following the separation; labor strikes or
work stoppages by our employees; our ability to achieve benefits from our
separation; our obligations to indemnify Ralcorp if the separation is taxable
under certain circumstances; restrictions on our taking certain actions due to
tax rules and covenants with Ralcorp; our ability to continue to compete in
our product market against manufacturers of both branded and private label
cereal products and our ability to retain our market position; our ability to
maintain competitive pricing, successfully introduce new products or
successfully manage our costs; our ability to successfully implement business
strategies to reduce costs; impairment in the carrying value of goodwill or
other intangibles; the loss or bankruptcy of a significant customer;
allegations that our products cause injury or illness, product recalls and
product liability claims and other litigation; our ability to anticipate
changes in consumer preferences and trends; changes in consumer demand for
ready-to-eat cereals; our ability to service our outstanding debt or obtain
additional financing; disruptions in the U.S. and global capital and credit
markets; legal and regulatory factors including changes in food safety,
advertising and labeling laws and regulations; disruptions or inefficiencies
in supply chain; fluctuations in foreign currency exchange rates;
consolidations among the retail grocery and foodservice industries; change in
estimates in critical accounting judgments and changes to or new laws and
regulations affecting our business; losses or increased funding and expenses
related to our qualified pension plan; loss of key employees; changes in
weather conditions, natural disasters and other events beyond our control;
business disruptions caused by information technology failures; and other
risks described in the Company's filings with the Securities and Exchange
Commission. These forward-looking statements represent the Company's judgment
as of the date of this press release. The Company disclaims, however, any
intent or obligation to update these forward-looking statements.

About Post Holdings, Inc.
Post Holdings, Inc. is the parent company of Post Foods, LLC. Post has
enriched the lives of consumers, bringing quality foods to the breakfast table
since the company's founding in 1895. Post's products are generally sold to
supermarket chains, wholesalers, supercenters, club stores, mass
merchandisers, distributors, convenience stores and the foodservice channel in
North America. Those products are manufactured at four facilities located in
Battle Creek, Michigan; Jonesboro, Arkansas; Modesto, California; and Niagara
Falls, Ontario. Post's portfolio of brands includes diverse offerings to meet
the taste and nutritional needs of all families, including such favorites as
Honey Bunches of Oats®, Pebbles™, Great Grains®, Post Shredded Wheat®, Post®
Raisin Bran, Grape-Nuts®, and Honeycomb®. With the acquisition of Attune
Foods, Post's portfolio of brands now also includes Attune®, Uncle Sam® and
Erewhon®. Post is dedicated to health and wellness, offering consumers a
variety of cereal choices to meet their nutritional needs from whole grain and
fiber to lower sugar offerings. For more information, visit

SOURCE Post Holdings, Inc.

Contact: Pia Koster, Director, Investor Relations, (314) 644-7678 (POST)
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