Nestlé South Africa to sell its Ice Cream business to R&R

To Press Releases listMar 12, 2015

12 March 2015, Johannesburg: As part of its on-going portfolio review, Nestlé South Africa
has announced the signing of an agreement to sell its Ice Cream business to UK based ice
cream manufacturer, R&R.

The divestment includes local ice cream brands and Nestlé’s ice cream manufacturing
facility in Clayville with approximately 200 employees transferring to R&R.

“Nestlé is strongly committed to doing business in South Africa. We have been present in
this market for nearly 100 years and we currently employ 3100 employees across eight
factories, three distribution centres and head office. The sale of an asset of this nature is not
a decision that is taken lightly. However, as does any business, we continuously seek
opportunities to improve our operations, review our portfolio and protect the livelihoods of
our employees wherever we can”, said Ian Donald, Nestlé South Africa’s Chairman and
Managing Director.

Nestlé South Africa is confident that this decision is in the best interests of the business,
employees and other key stakeholders including its customers, distributors and consumers.
The agreement is subject to the approval of the South African competition authorities.

Contact

For any queries, please contact:
Nestle South Africa:
Motshidisi Mokwena
Spokesperson for Nestlé South Africa
+ 27 11 514 6312 /+27 82 468 8752
motshidisi.mokwena@za.nestle.com

R&R Ice Cream:
Richard Graham
Spokesperson for RGPR
+44 1765 640736/ +44 7721 526483
richard.graham@rgpr.co.uk