DANONE : DANONE : Danone and Yakult agree on new cooperation framework to replace existing strategic alliance ------------ PRESS RELEASE ------------ Paris, April 26^th 2013 Danone and Yakult agree on new cooperation framework to replace existing strategic alliance In 2004 Danone and Yakult signed a strategic alliance aimed at strengthening their global leadership in probiotics and accelerating the growth of both companies in the functional food market. Under this alliance several collaboration projects in probiotics research and promotion have been undertaken, as well as commercial joint ventures in India and Vietnam. As provided for in the alliance, since the end of the first phase in May 2012, discussions on the development of the partnership have taken place in recent months, leading to the termination of the alliance agreement and the signing of a new cooperation framework. This new framework calls for existing collaborations to be continued, and envisages extending them into areas that are more operational in nature and that offer benefits for both parties. Given the relationship of trust built up over the years, this framework does not contain commitment or limitation regarding Danone's equity interest in Yakult. Through this new cooperation framework, which opens a new stage in their cooperation, Danone reaffirms its status as a major shareholder and long-term partner of Yakult. In this context three Danone representatives will continue to serve on Yakult's Board of Directors. About Danone Danone is an international company present on all 5 continents. The group holds top positions in healthy food through four businesses: Fresh Dairy Products, Baby Nutrition, Bottled Water, and Medical Nutrition. Its mission is to bring health through food to as many people as possible. Danone counts over 190 production plants and around 102,000 employees. In 2012, the company generated sales of over €20 billion, of which more than 50% were in emerging countries. Listed on Euronext Paris, Danone is a component stock of leading social responsibility indexes including the Dow Jones Sustainability Indexes, ASPI Eurozone and the Ethibel Sustainability Index. For more information: Press Relations : +33 1 44 35 20 75 - Investor Relations: +33 1 44 35 20 76 DANONE : 17, boulevard Haussmann, 75009 Paris Danone and Yakult agree on new cooperation framework ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: DANONE via Thomson Reuters ONE HUG#1696712
DANONE : DANONE : Danone and Yakult agree on new cooperation framework to replace existing strategic alliance
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