One Stop Report

OneSource One-Stop Report

Kraft Foods Inc. 9 November 2010

OneSource One-Stop Reports for Kraft Foods Inc.

Kraft Foods Inc.

Fortune 1000 Rank: 53

Three Lakes Drive Northfield, IL 60093 United States Tel: Fax:

Employees: 97,000 Company Type: Public Parent Corporate Family: 430 Companies Traded: New York Stock KFT Exchange: Incorporation 2000 Date: Auditor: PricewaterhouseCoopers

847-646-2000 847-646-6005

www.kraftfoodscompany.com

Financials in:

USD (000)

Fiscal Year End: 31-Dec-2009 Reporting Currency: US Dollar Annual Sales: Net Income: Total Assets: Market Value:

40,386,000.0 1 3,021,000.0 66,714,000.0 2 55,635,441.4 (22-Oct-2010)

Business Description Kraft Foods Inc. (Kraft Foods) manufactures and markets packaged food products, including snacks, beverages, cheese, convenient meals and various packaged grocery products. It sells the products to consumers in approximately 160 countries. The Company operates three segments: Kraft Foods North America, Kraft Foods Europe and Kraft Foods Developing Markets. At December 31, 2009, the Company had operations in more than 70 countries and made the products at 159 manufacturing and processing facilities globally. At December 31, 2009, the Company’s portfolio included nine brands, including Kraft cheeses, dinners and dressings; Oscar Mayer meats; Philadelphia cream cheese; Maxwell House and Jacobs coffee; Nabisco cookies and crackers and its Oreo cookie brand; Milka chocolates; and LU biscuits. On August 4, 2008, Kraft Foods completed the split-off of the Post cereals business into Ralcorp Holdings, Inc. In February 2010, the Company announced that it has acquired the control of Cadbury plc. For the six months ended 30 June 2010, Kraft Foods Inc.'s revenues increased 26% to $23.57B. Net income from continuing operations decreased 15% to $1.18B. Revenues reflect an increase in sales from U.S. Beverages segment, higher income from Canada & N.A. Foodservice segment and increased income from Kraft Foods Europe segment. Net income was offset by an increase in cost of sales and higher marketing, administration & research costs. Source: Reuters Industry Industry

Food Processing

ANZSIC 2006:

1173 - Biscuit Manufacturing (Factory based)

NACE 2002:

1582 - Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes

NAICS 2002:

311919 - Other Snack Food Manufacturing

US SIC 1987:

2052 - Cookies and Crackers

Key Executives

(Emails Available)

Name Irene B. Rosenfeld Timothy R. McLevish Mary Beth West Michael Osanloo David A. Brearton

Title Chairman of the Board, Chief Executive Officer Chief Financial Officer, Executive Vice President Executive Vice President, Chief Marketing Officer Executive Vice President - Strategy Executive Vice President - Operations and Business Services

Source Reuters Reuters Reuters Reuters Reuters

Significant Developments Topic Regulatory Mergers / Acquisitions

#* Most Recent Headline

Date

1 Kraft Foods, Inc. Under Probe Over Cadbury plc Deal In U.K. -Reuters 24 Kraft Foods, Inc. Closes Final Offer For Cadbury PLC

Divestitures / Spin-offs

6 Kraft Foods, Inc. To Sell Cadbury's Romania Business

Negative Earnings PreAnnouncement

1

Strategic Combinations

4 Barry Callebaut AG And Kraft Foods, Inc. Sign Global Supply Agreement

Kraft Foods, Inc. Lowers FY 2010 Organic Net Revenue Growth Guidance; Confirms FY 2010 EPS Guidance

* number of significant developments within the last 12 months

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8-Mar-2010 19-Apr-2010 7-Jul-2010 5-Aug-2010 9-Sep-2010

OneSource One-Stop Reports for Kraft Foods Inc.

News Title Valley hits back Eiszele, Rice lead visitors to victory over Montagu Bay Derwent Valley Gazette (571 Words) U.S. Equities Decline for Second Day on Continued Weakness in Financials DailyFX (678 Words) Davisco's Diversifying West Coast Cheese Production PR Newswire US (398 Words) Adessi: DHL Helps TIGI Pack a Punch with New Promotion Business Wire (754 Words) Nebraska at 5 a.m. Associated Press (499 Words) Financial Summary As of 30-Jun-2010 Key Ratios

Company Industry

Current Ratio (MRQ) Quick Ratio (MRQ) Debt to Equity (MRQ) Sales 5 Year Growth Net Profit Margin (TTM) % Return on Assets (TTM) % Return on Equity (TTM) %

1.11

1.50

0.73

0.75

0.90

1.17

4.66

6.63

6.14

7.23

3.49

6.67

9.41

21.15

Source: Reuters Stock Snapshot Traded: New York Stock Exchange: KFT As of 22-Oct-2010

Financials in: USD

Recent Price 31.90 52 Week High 32.18 52 Week Low 26.31 Avg. Volume (mil) 8.50 Market Value (mil)55,635.44

4 Week 13 Week 52 Week Year to Date

2 Year Weekly End Price & Volume

EPS 1.97 Price/Sales 1.38 Dividend Rate 1.16 Price/Earnings16.27 Price/Book 1.82 Beta 0.56

Price % Change -0.16% 7.70% 17.67% 17.37%

Rel S&P 500% -3.07% 0.38% 8.70% 10.62%

Source: Reuters Key IDSM Number: 303883

ABI Number: 860048156

1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1 2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1 © 1983-2010 Reuters Research Inc. All Rights Reserved. © Copyright 2010, infoUSA. All Rights Reserved.

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Date 10-Nov-2010 9-Nov-2010 9-Nov-2010 9-Nov-2010 9-Nov-2010

OneSource One-Stop Reports for Kraft Foods Inc. © 2010 OneSource Inc. All Rights Reserved. Copyright © 2010 Zoom Information, Inc. All rights reserved. Copyright © 2010 Business Monitor International Ltd. All rights reserved. Stock quotes provided by Quote.com (security prices are at least 15 min. delayed) Map provided by MapQuest. Terms and privacy policy can be found on mapquest.com Published by OneSource Information Services, Inc., 2010

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OneSource One-Stop Reports for Kraft Foods Inc.

Kraft Foods Inc. The Strategic Initiatives report is created using technology to extract meaningful insights from analyst reports about a company's strategic projects and investments. More about Strategic Initiatives

Strategic Initiatives Key Organizational Changes As such GlobalData can accept no liability whatever for actions taken based on any information that may subsequently prove to be incorrect. Apr 13, 2010Kraft Foods Inks Multi-year Agreement With CapgeminiKraft Foods has signed a multi-year agreement with Capgemini under which it supports procurement operations in North America.Under the terms of the agreement, Capgemini will assume responsibility for the strategic sourcing and spend management of various purchasing categories. It will also deploy its new global service delivery model, which leverages technology from its recent acquisition of IBX, an on-demand purchasing solutions provider, for Kraft Foods’ operations. For Kraft Foods, the IBX technology has been integrated with Capgemini’s BPO platform to create the industry’s ondemand e-procurement solution. Hubert Giraud, head of Capgemini Business Process Outsourcing, said: "With the combination of our globally recognized capabilities, market knowledge, Rightshore delivery model, and suite of tools and technology, including the Software-as-a-Service procurement platform of IBX, Capgemini will deliver spend savings, processes improvement and change management to leading, global companies like Kraft Foods. Source: GlobalData, February 2, 2010

Resource Management •Diluted EPS increased 18.5% to $1.92 in 2008, and decreased 12.4% to $1.62 in 2007. Diluted EPS from continuing operations decreased 17.6% to $1.22 in 2008, and decreased 13.5% to $1.48 in 2007. •We made solid progress executing our long-term growth strategy, which focuses on: building a high performing organization; reframing our categories; exploiting our sales capabilities; and driving down costs without compromising quality. •On November 30, 2007, we acquired the global LU biscuit business of Groupe Danone S.A. for €5.1 billion (approximately $7.6 billion) in cash. LU Biscuit contributed net revenues of $3.2 billion during 2008, and $2.8 billion on a proforma basis during 2007. Source: GlobalData, February 2, 2010 •In the first quarter of 2007, Altria Group, Inc. (“Altria”) spun off its remaining interest (89.0%) in Kraft on a pro rata basis to Altria stockholders in a tax-free transaction. Effective as of the close of business on March 30, 2007, all Kraft shares owned by Altria were distributed to Altria’s stockholders, and our separation from Altria was completed. Discussion and Analysis Growth strategy At the Consumer Analyst Group of New York (“CAGNY”) Conference in February 2009, we presented the progress we made in 2008 on our long-term growth strategy and our plans for year three of our plan to return Kraft to reliable growth. Our four growth strategies and 2008 developments are summarized below. Build a high performing organization – We have done a lot over the past two years to rewire Kraft and create a high performance culture. Source: GlobalData, February 2, 2010

Sales and Distribution Kraft would retain world’s No. 2 food group position with annual sales of over USD 50 billion. Kraft expects USD 675 million of annual cost savings from the deal. Thus, the acquisition of Cadbury would further broaden the product portfolio and expand the company's reach into existing and new markets, thereby increasing its revenues.Changing Consumer PreferencesConsumers’ preferences have been evolving, which poses a major challenge to the company. In this scenario, the success of the company's business depends on its ability to identify dietary habits and taste preferences of consumers and to offer products, which match their preference. Source: GlobalData, February 2, 2010 2 food group position with annual sales of over USD 50 billion. Kraft expects USD 675 million of annual cost savings from the deal. Thus, the acquisition of Cadbury would further broaden the product portfolio and expand the company's reach into existing and new markets, thereby increasing its revenues.Changing Consumer PreferencesConsumers’ preferences have been evolving, which poses a major challenge to the company. In this scenario, the success of the company's business depends on its ability to identify dietary habits and taste preferences of consumers and to offer products, which match their preference. At the same time, regular introduction of new products and product extensions involves considerable development and marketing expenditures. Source: GlobalData, February 2, 2010

Copyright © 2010 GlobalData. All Rights Reserved. Published by OneSource Information Services, Inc.,Nov, 2010

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OneSource One-Stop Reports for Kraft Foods Inc.

Kraft Foods Inc. Strengths/Weaknesses (SWOT) Helpful to achieving the objective Strengths Internal Origin (attributes of the organization)

● ● ● ●

Harmful to achieving the objective Weaknesses

Brand Recognition Strong Growth Prospects Robust Distribution Network Global Presence

● ●

● ●

Opportunties External Origin (attributes of the environment)

● ● ●

Declining Operating Margin Declining Market Share in Sector Legal Proceedings Product Recalls

Threats

Expanding its Production Facilities Expansion into Emerging Markets Proposed Acquisition of Cadbury plc

●

● ●

Changing Consumer Preferences Global Economic Slowdown Highly Competitive Market

Overview Kraft Foods Inc. (Kraft Foods) is one of the leading food and beverage companies in the world. It is engaged in the manufacturing and marketing of beverages and packaged foods. Its product portfolio includes snacks, beverages, cheese, convenient meals and various packaged grocery products. The company's strong brand recognition and global presence are its strengths. Further, emerging markets and new plants could ensure a strong future. However, product recalls and litigation are areas of concern to the company. Intense competition and global economic slowdown could also affect the company's growth.

Strengths Brand Recognition The company has strong brand equity, which supports new product launches as well as helps attract and retain a loyal customer base. Kraft Foods possesses a strong brand image in most of the countries where it operates, including the US and in other international markets such as Europe, Latin America, Asia Pacific, Africa, and the Middle East. The company’s major brands include Kraft, Nabisco, Jacobs, Maxwell House, Oscar Mayer, Philadelphia, LU, Milka and Oreo. It has a strong portfolio of renowned brands which span five consumer sectors namely, cheese, snacks, grocery, convenient meals and beverages. Its Lunchables brand is the market leader in the US and the UK's lunch combinations category. The company’s A.1. is considered to be one of its oldest brands and is a popular steak sauce in the US market. Further, the company’s DiGiorno pizza and Delissio pizza revolutionized the frozen pizza category in the US and Canada. The company's Marabou has become a definitive chocolate brand in Sweden. Kraft cheese is one of the largest selling cheese brands in the world. Kraft's coffees are ranked number one in seven European countries and in South Korea. The company also invested an incremental USD 375 million in its business to improve product quality, drive innovation and increase marketing support. The company's strong brand recognition across various countries could support it to launch new products and help in expanding its business. Strong Growth Prospects The company was trading at a price/earnings (P/E) ratio of 20.4 at the end of fiscal year 2008. This was above the S&P 500 companies average* of 9.2. A higher than sector average P/E may indicate that the company may have high growth prospects which are reflected in its stock's premium pricing. Investors may be expecting higher earnings growth in the future compared to other companies in the sector. Robust Distribution Network An efficient distribution network enables the company to deliver products across its markets in time. The company’s products in the North American region are generally sold to supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores and other retail food outlets. Its food products are distributed through distribution centers, satellite warehouses, company-operated and public cold-storage facilities, depots and other facilities. Currently, Kraft Foods distributes most products in North America through warehouse delivery, while deliver biscuits and frozen pizza through two directstore delivery systems. In addition, the company has added direct-store delivery and rolled out a wall-to-wall delivery system, where one sales representative covers an entire store. It supports the selling efforts through three principal sets of activities: consumer advertising in broadcast, print, outdoor and on-line media; consumer incentives such as coupons and contests; and trade promotions to support price features, displays and other merchandising of its products. The company’s distribution facilities comprise 316 distribution centers and depots worldwide, in which, it owns 39 distribution centers and three depots while it leases 125 distribution centers and 149 depots. In

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OneSource One-Stop Reports for Kraft Foods Inc. North America, the company has 303 distribution centers and depots, more than 75% of which support its direct-store-delivery systems. Further, the company has 13 distribution centers in eight countries outside of the North America. Such robust distribution network supports company’s operations and helps in meeting the customer needs on a regular basis. Global Presence Geographically diverse operations help the company mitigate the various risks associated with overdependence on a particular region/country. The company has operations in more than 70 countries and markets its products in around 150 countries around the world. Kraft Foods operates 168 manufacturing and processing facilities worldwide, of which 46 are located in the US; 56 in European Union; 12 in Canada; 16 in Eastern Europe, Middle East and Africa; 19 in Latin America; and 19 in Asia Pacific. During the fiscal year ended December 2008, the company generated revenue of 50.8% from United States, 31.13% from Europe and 18.07% from Other regions. Thus, a wide geographical presence helps to generate brand equity as well as provides new growth avenues to the company, as against some of its peers, which have limited geographical diversification.

Weaknesses Declining Operating Margin The company's operating margin was 9% for the fiscal year 2008. This was below the S&P 500 companies average* of 14.7%. During the fiscal year 2008, the company’s operating profit was USD 3,817.00 million, a decrease of 3.76% from 2007. A lower than sector average* operating margin may indicate inefficient cost management or a weak pricing strategy by the company. The operating margin has decreased 200 bps over 2007 which may indicate management's low focus on profitability. Declining Market Share in Sector The company's compound annual growth rate (CAGR) was 7% during 2004-2008. This was below the S&P 500 companies average* of 11.1%. A lower than sector average* revenue CAGR may indicate that the company has underperformed the average sector growth and lost market share over the last four years. The company's underperformance could be attributed to a weak competitive position or inferior products and services offering or lack of innovative products and services. Legal Proceedings The company was involved in legal proceedings in the past, which could impact its brand image. In January 2009, the company settled the litigation with Proctor & Gamble Company (P&G) concerning three patents related to roast and ground coffee and the its packaging. The litigation was filed in the US District Court for the Northern District of California against the company’s wholly-owned subsidiary, Kraft Foods Global, Inc., for patent infringement. P&G alleged that the plastic packaging for the company’s Maxwell House brand coffee infringes their US Patent Number 7,169,418, entitled ‘Packaging System to Provide Fresh Packed Coffee’. Such litigations could impact the brand image of the company besides adding up new costs to the company. Product Recalls Frequent product recalls could add up new costs for the company besides tarnishing its brand image. Recently, the company recalled various products such as Planters and Back to Nature products; Nantucket Blend trail mix; and a flavor of Balance nutrition and energy bars. Such product recalls could result in significant loss primarily due to the various costs associated with the recall process and lost sales due to the unavailability of the product for a period of time. The company could also suffer losses from a significant product liability judgment against it. A significant product recall or product liability case could also result in loss of consumer confidence in its products, which could have a material adverse effect on the company’s business results and the value of its brands.

Opportunities Expanding its Production Facilities The company could benefit by expanding its production facilities. Establishing new plants could help the company to efficiently cater to the growing demand for its products across the globe. The company is consistently engaged in opening new plants, and also has plans to continue its expansion in the near future. In 2009, the company planned to open its fourth plant in Russia to manufacture Bolshevic biscuits. Further in 2009, the company's Brazilian business planned to establish a new manufacturing plant in the city of Vitoria de Santo Antao. The facility is expected to start its operations in the first half of 2011. Establishing new plants, especially in low cost countries, could help the company generate cost efficiencies besides meeting the growing requirements of the nearby emerging markets. Expansion into Emerging Markets The company could benefit from the growing markets in the Asia Pacific region. According to the World Bank, the GDP growth rate of high income countries came down from 2.6% in 2007 to 0.4% in 2008. These countries are expected to have contracted by 3.3% in 2009. Despite the global economic slowdown, the emerging and developing economies recorded a GDP growth rate of 8.1%, 5.6% and 1.2% during 2007, 2008 and 2009, respectively. Growth in the East Asia and Pacific region (especially China) as well as in South Asia (especially

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OneSource One-Stop Reports for Kraft Foods Inc. India) has been resilient. This was mainly due to the massive fiscal stimulus package in China and India's skillful macroeconomic management. China’s GDP grew at 9% in 2008 and 8.4% in 2009, while India’s grew at 6.1% and 6% respectively, during the period. Further, GDP growth in China is estimated to recover to 9% by 2010. The growing economy in these countries has generated new employment opportunities for the residents and has provided a boost to their earnings. Rise in disposable income has changed their buying behavior. Now more and more people are buying luxury and lifestyle goods unlike in the past when they used to confine their spending to basic necessities. The company has its presence in India and China. Further expansion of the company’s business in the Asian region and other emerging markets could help the company garner higher market share and generate higher revenue. Proposed Acquisition of Cadbury plc During November 2009, the company announced its intention to make an offer to purchase the whole of the issued share capital of Cadbury plc. Cadbury is the second largest confectionery company with a 10.5% share of the global market. Cadbury, by retail value, ranks No. 1 and No. 2 in over 20 of the world’s 50 largest confectionery markets, which accounted for approximately three-quarters of the company's revenue in the fiscal 2008. In addition, Cadbury's chocolate business has strong market positions in Australia, the UK, Ireland, New Zealand, South Africa and India. Kraft Foods set February 2, 2010 as the last date for the acceptance of the takeover bid. The combined company would make Kraft world’s biggest confectionary group leapfrogging Mars-Wrigley. Kraft would retain world’s No. 2 food group position with annual sales of over USD 50 billion. Kraft expects USD 675 million of annual cost savings from the deal. Thus, the acquisition of Cadbury would further broaden the product portfolio and expand the company's reach into existing and new markets, thereby increasing its revenues.

Threats Changing Consumer Preferences Consumers’ preferences have been evolving, which poses a major challenge to the company. In this scenario, the success of the company's business depends on its ability to identify dietary habits and taste preferences of consumers and to offer products, which match their preference. At the same time, regular introduction of new products and product extensions involves considerable development and marketing expenditures. If the company’s products fail to meet consumers’ preference, its return on investment could suffer. Global Economic Slowdown The prevailing global economic conditions may impact the company’s business prospects. The global economic slowdown, which began in 2008, spread to all corners of the world. The ongoing global economic slowdown could impact the business operations of the company. According to the World Bank, the global GDP growth contracted by an estimated 2.2% in 2009. During 2009, developing economies have presented a mixed bag, with economies in Eastern Europe and Central Asia contracting by 6.2%, which was duly negated by the resilience shown by economies in East Asia and Pacific region, particularly China growing by an estimated 6.8%, and India stable at 5.7%. However, developed economies dragged the global economy down with Japan and US leading the pack. The global output is expected to expand by 2.7% in 2010, and 3.2% in 2011 - still below the 5% generated in 2007. Thus, a weak global economy poses a major challenge to the company in sustaining its revenue growth. Highly Competitive Market The highly competitive food and beverage industry could impact the business operations of the company. The competitive factors in the industry include the product quality, brand recognition, brand loyalty, service, marketing, advertising and price. To survive and succeed in a tough competitive environment, it becomes very important for the company to distinguish its product and service offerings through a clear and unique value proposition. It faces competition from large national and international companies and various local and regional companies. It also competes with generic products and retailer brands, wholesalers and cooperatives. The company faces firm competition from players like Unilever, Hormel Foods Corporation, Smithfield Foods, Inc., Interstate Bakeries Corporation, Northern Foods plc, Kerry Group plc, The Hershey Company, Tyson Foods, Inc., and others. If the company is not able to maintain product quality and consumer loyalty, competition may lure away its customers. Competition may also force the company to reduce its prices, which in turn will adversely affect its margins. © 2010 GlobalData. All Rights Reserved. Published by OneSource Information Services, Inc., Nov. 2010

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Kraft Foods Inc. Significant Developments

Kraft Foods, Inc. Reaffirms FY 2010 Guidance Nov 04, 2010 Kraft Foods, Inc. confirmed fiscal 2010 guidance for combined organic net revenue growth in a range of 3% to 4% and operating earnings per share (EPS) of at least $2.00. According to Reuters Estimates, analysts on an average are expecting the Company to report EPS of $2.03 for fiscal 2010.

Kraft Foods, Inc. Opens Doors To New Gum And Candy Research & Development Center In Europe Oct 05, 2010 Kraft Foods, Inc. held an opening ceremony to inaugurate the recently-completed European Kraft Foods Gum and Candy Research & Development (R&D) Center in Eysins, Switzerland. The facility will focus on innovation and new product development for many of Europe's and the world's confectionery brands, including the gum brand TRIDENT and the candy brand Halls, as well as other brands like Bassetts, Carambar, The Natural Confectionary Co. , Trebor and V6. The opening event is the culmination of a two-year project, with a total investment of more than $14 million (EUR10.4 million) in the Center.

Barry Callebaut AG And Kraft Foods, Inc. Sign Global Supply Agreement Sep 09, 2010 Barry Callebaut AG and Kraft Foods, Inc. announced the signing of a long-term global master product agreement. Under the terms of the agreement, the parties expect Barry Callebaut AG to deliver the majority of Kraft Foods cocoa products and industrial chocolate requirements around the world. The agreement, which also includes some of the Cadbury liquid chocolate deliveries under the current outsourcing agreement, is expected to more than double Barry Callebaut AG's existing business with Kraft Foods. The parties agreed not to disclose any further terms of the agreement. As a result of this agreement, Barry Callebaut AG will increase its production capacities primarily in the United States, Canada, Cote d'Ivoire, Malaysia as well as in Europe and invest approximately USD65 million (CHF66million / EUR51million) over the next two years. The additional volumes will be built up gradually over a period of three years, starting immediately.

Kraft Foods, Inc. Declares Regular Quarterly Dividend Of $0.29 Per Share Aug 17, 2010 Kraft Foods, Inc. announced that it has declared a regular quarterly dividend of $0.29 per common share of Class A stock. This dividend is payable on Oct. 14, 2010, to stockholders of record as of Sept. 30, 2010.

Kraft Foods, Inc. To Raise Profile Of Cadbury Products In China-DJ Aug 13, 2010 Dow Jones reported that Kraft Foods, Inc. is seeking to raise the profile of Cadbury products in China as the U.S. food giant ramps up investments in developing markets, particularly the Asia Pacific region, which has become Kraft's key growth driver following its multi billion dollar acquisition of the British confectioner earlier this year. The Northfield, Illinois based company, with brands such as Kraft, Maxwell House, Tang and Oreo, has been expanding its presence in developing markets over the last three years amid slowing growth at home.

Kraft Foods, Inc. Lowers FY 2010 Organic Net Revenue Growth Guidance; Confirms FY 2010 EPS Guidance Aug 05, 2010 Kraft Foods, Inc. adjusted forecast for fiscal 2010 combined organic net revenue growth to a range of 3% to 4% from prior guidance of at least 4%. The change in outlook reflects the normalizing of Cadbury's trade inventory practices as well as an aggressive promotional environment in certain U.S. categories. The Company also confirmed its guidance for fiscal 2010 operating earnings per share of at least $2.00. This guidance reflects the combination of stronger-than-expected year-to-date profit performance and greater-than-anticipated synergies from the integration of Cadbury, offset by investments in brand-building activities and additional actions that will drive top-tier growth. According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $2.03 for fiscal 2010

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OneSource One-Stop Reports for Kraft Foods Inc. Tootie Pie Company, Inc. Partners With Kraft Foods, Inc. Jul 08, 2010 Tootie Pie Company, Inc. announced that it has entered into a partnership with Kraft Foods, Inc. for the upcoming holiday season. The two companies will co-market Tootie Pie with Kraft`s Cool Whip. Terms of the deal were not disclosed as of this date; however, the deal was made possible through a mutual agreement in partnership with HEB Grocery Stores, according to Tootie Pie Company.

Kraft Foods, Inc. To Sell Cadbury's Romania Business Jul 07, 2010 Kraft Foods, Inc. announced that it has signed an agreement to sell Cadbury's Kandia-Excelent chocolate, soft cake and sugar confectionery business in Romania to Oryxa Capital, an international investment fund, for an undisclosed sum. The sale includes KandiaExcelent brands (Rom, Magura, Kandia, Laura, Sugus and Silvana and others), related trademarks and the manufacturing facility in Bucharest. Approximately 530 Cadbury Romania employees work for Kandia-Excelent. Kraft Foods will retain the Cadbury international brands, including Halls candy. This sale follows the European Commission's decision to approve Kraft Foods' acquisition of Cadbury plc conditioned on the divesture of the Cadbury Kandia-Excelent chocolate and soft cake business and Cadbury's E. Wedel business in Poland, which was announced on June 28. Both these sales are subject to the Commission's approval.

Kraft Foods, Inc. To Sell Wedel Business In Poland To Lotte Group Jun 28, 2010 Kraft Foods, Inc. announced that it has signed an agreement to sell Cadbury's E. Wedel-branded chocolate and sugar confectionery operations in Poland to Lotte Group for an undisclosed sum. The sale includes the E. Wedel business, its related brands and a manufacturing facility in Warsaw. Approximately 1,000 Cadbury Wedel employees will transfer to Lotte Group. Kraft Foods will keep the remaining Cadbury business in Poland, including the Halls brand and other non-E. Wedel-branded chocolate and sugar confectionery products sold in Poland and two manufacturing plants in Skarbimierz. Kraft Foods will also retain a third Cadbury plant in Bielany Wroclawskie, Poland.

Kraft Foods, Inc. Extends Deadlines For Final Wedel Bids-DJ Jun 16, 2010 Dow Jones reported that Kraft Foods, Inc. has extended the deadline for final bids for E. Wedel, its Polish business. Disposals of the firm's Polish and Romanian assets were imposed by the European Union as a condition of allowing Kraft's February takeover of Cadbury PLC. Kraft Foods whittled down the list of potential buyers to a shortlist of six, including two buyout firms and four strategic players.

Kraft Foods, Inc. to Sell Romanian and Polish Assets Acquired from Cadbury-Reuters May 21, 2010 Reuters reported that Kraft Foods, Inc. within six months expects to sell Polish and Romanian assets acquired from Cadbury. The sale of the mentioned assets was a condition under which the European Commission agreed Kraft Foods Inc to acquire Cadbury early this year.

Kraft Foods, Inc. And Medisyn Technologies Expand Collaboration To Discover New Ingredients May 18, 2010 Kraft Foods, Inc. and Medisyn Technologies, Inc. announced that they have expanded their collaboration to discover ingredients that could provide benefits for product quality, performance, food safety and health and wellness. The expanded relationship leverages Medisyn's technology to discover ingredients that enable a broad array of market opportunities including but not limited to product performance, food safety & quality and health and wellness.

Kraft Foods, Inc. Issues FY 2010 Guidance; EPS Guidance Above Analysts' Estimates May 06, 2010 Kraft Foods, Inc. announced that it expects combined organic net revenue growth of at least 4% in fiscal 2010, driven by approximately 4% organic net revenue growth of Kraft Foods' base business and approximately 5% organic net revenue growth of Cadbury and diluted EPS is expected to be at least $2.35 in fiscal 2010. The Company reported revenue of $40.386 billion for fiscal 2009. According to Reuters Estimates, analysts are expecting the Company to report revenue of $49.305 billion and EPS of $2.06 for fiscal 2010.

Kraft Foods, Inc. Closes Final Offer For Cadbury PLC Apr 19, 2010 Kraft Foods, Inc. announced that on February 2, 2010, Kraft Foods declared its recommended Final Offer wholly unconditional. The Final

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OneSource One-Stop Reports for Kraft Foods Inc. Offer closed for acceptance at 1 p.m. (London time) / 8 a.m. (New York City time) on April 16, 2010. Kraft Foods will settle valid elections under the Mix and Match Facility received between 1 p.m. (London time) / 8 a.m. (New York City time) on April 13 , 2010 and 1 p.m. (London time) / 8 a.m. (New York City time) on April 16, 2010 together on the same settlement date. Accordingly, to the extent possible, each election received under the Mix and Match Facility during this period will be off-set against the other such elections received during this period. As at 1 p.m. (London time) / 8 a.m. (New York City time) on April 16, 2010, Kraft Foods had acquired (by virtue of valid acceptances of the Offer or by way of a compulsory acquisition) 1,395,157,731 Cadbury Shares (including those represented by Cadbury ADSs), representing approximately 99.97 % of the existing issued share capital of Cadbury and approximately 99.97% of the voting rights of Cadbury.

Cap Gemini SA Signs New Multi-Year Agreement With Kraft Foods, Inc.-DJ Apr 13, 2010 Dow Jones reported that Cap Gemini SA signed a new multi-year agreement with Kraft Foods, Inc. to support the food company's procurement operations in North America. Under the terms of the agreement, Capgemini's unit Capgemini America Inc. will assume responsibility for the strategic sourcing and spend management of various purchasing categories. Capgemini will deploy its new global service delivery model, which leverages technology from its recent acquisition of IBX, an on-demand purchasing solutions provider, for Kraft Foods' operations. No financial details of the agreement were disclosed.

Kraft Foods, Inc. Under Probe Over Cadbury plc Deal In U.K. -Reuters Mar 08, 2010 Reuters reported that according to The Wall Street Journal report, Kraft Foods, Inc. is being investigated by U.K. regulators on whether the Company misled employees and investors in its battle to take over Cadbury plc.

Nestle SA Completes Acquisition Of Kraft Foods Inc' Frozen Pizza Business Mar 02, 2010 Nestle SA announced that it has concluded the acquisition of Kraft Foods Inc' frozen pizza business on March 1, 2010 after the completion of closing conditions. Consequently, the process of integrating Kraft Foods' pizza business into the NestlT Group will begin as 3,620 Kraft Foods' pizza employees, with their valuable talent and category expertise, will join NestlT.

Kraft Foods, Inc. Announces Offer Updates For Cadbury Plc Feb 17, 2010 Kraft Foods, Inc. announced that on February 2, 2010, Kraft Foods declared its recommended Final Offer wholly unconditional. The Final Offer remains open until further notice. Kraft Foods will give at least 14 days notice if Kraft Foods decides to close the Final Offer. Kraft Foods will settle valid elections under the Mix and Match Facility received between 1 p.m. on February 9, 2010 and 1 p.m. on February 16, 2010 together on the same settlement date. During this period valid elections for additional New Kraft Foods Shares under the Mix and Match Facility had been received in respect of 124,940,333 Cadbury Shares and valid elections for additional cash under the Mix and Match Facility had been received in respect of 1,958,877 Cadbury Shares. Cadbury Security holders who have made an election to receive additional New Kraft Foods Shares under the Mix and Match Facility will receive 0.190338 New Kraft Foods Shares and GBP4.953165 in cash per Cadbury Share and 0.761352 New Kraft Foods Shares and GBP19.812660 in cash per Cadbury ADS, in each case in respect of which a valid election has been made and Cadbury Security holders who have made an election to receive additional cash under the Mix and Match Facility will receive GBP 7.987151 in cash per Cadbury Share and GBP31.948604 in cash per Cadbury ADS, in each case in respect of which a valid election has been made. The Mix and Match Facility will remain open until the end of the Subsequent Offer Period.

Kraft Foods, Inc. Comments On Near Term Base Business Guidance Feb 16, 2010 Kraft Foods, Inc. announced that in the near term, for its base business, the Company continues to target organic net revenue growth of 4% or more and the high end of its 7% to 9% long-term EPS growth objective.

Kraft Foods, Inc. Announces Offer Update For Cadbury plc Feb 15, 2010 Kraft Foods, Inc. announced that as at 1.00 p.m. (London time) on February 12, 2010, Kraft Foods had received valid acceptances of the Offer in respect of 1,254,238,458 Cadbury plc Shares (including those represented by Cadbury ADSs), representing approximately 90.76% of the existing issued share capital of Cadbury and approximately 90.76% of the voting rights of Cadbury. Consequently, Kraft Foods is commencing the procedure under Chapter 3 of Part 28 of the 2006 Act to acquire compulsorily all of the outstanding Cadbury Shares (including any Cadbury Shares represented by Cadbury ADSs) which it does not already hold or has not already acquired, contracted to acquire or in respect of which it has not already received valid acceptances.

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OneSource One-Stop Reports for Kraft Foods Inc.

Kraft Foods, Inc. Announces Offer Update For Cadbury plc Feb 05, 2010 Kraft Foods, Inc. announced that on February 4 , 2010, Kraft Foods had received valid acceptances of the offer in respect of a total of 1,038,720,625 Cadbury Shares, representing approximately 75.41% of the existing issued share capital of Cadbury. Cadbury confirms that the 20 business days notice period for the cancellation of the listing of Cadbury Shares on the Official List and the trading on the London Stock Exchange for listed securities has commenced. It is anticipated that cancellation of listing and trading will take effect no earlier than 8.00 a.m. (London time) on March 8, 2010. Cadbury intends to apply for the delisting of Cadbury ADSs from the NYSE, in so far as practicable effective on the same date as the cancellation of delisting and trading of the Cadbury Shares. It is also proposed that, after Cadbury Shares are delisted, Cadbury will be re registered as a private company.

Kraft Foods, Inc. To Sell $9.5 Billion Debt To Buy Cadbury-Reuters Feb 04, 2010 Reuters reported that, according to IFR, Kraft Foods, Inc. launched a 4 part, $9.5 billion debt sale to help finance its acquisition of British confectioner Cadbury. The Company is planning to sell $1.75 billion of six year notes at 185 basis points over Treasuries, $3.75 billion of 10 year bonds at 185 basis points over Treasuries and $3 billion of 30 year bonds at 200 basis points over Treasuries. BNP Paribas, Citigroup, Deutsche Bank, HSBC and Royal Bank of Scotland are joint lead managers on the deal.

Kraft Foods, Inc. To Sell At Least $4 Billion Bonds-Reuters Feb 03, 2010 Reuters reported that Kraft Foods, Inc. is planning to sell a minimum of $4 billion in bonds in four parts on Thursday to help finance its $18.7 billion acquisition of British chocolatier Cadbury. The sale is expected to include 3.25 year, six year and 10 year notes and 30 year bonds, each a minimum of $1 billion in size. BNP Paribas, Citigroup, Deutsche Bank, HSBC and RBS are joint lead managers on the sale.

Kraft Foods, Inc. To Sell Debt In Four Part Offering Banker-Reuters Feb 03, 2010 Reuters reported that Kraft Foods, Inc. is planning a four part debt sale with a minimum of $1.0 billion per tranche on Wednesday or Thursday. The sale is expected to include 3.25 year, six year and 10 year notes and 30 year bonds. Proceeds will be used to finance the acquisition of Cadbury. The joint lead managers on the sale are Citigroup, BNP Paribas, Deutsche Bank, HSBC and RBS.

Kraft Foods, Inc. Succeeds In Offer For Cadbury plc Feb 02, 2010 Kraft Foods, Inc. announced that it has acquired control of Cadbury plc. Holders of 71.73% of Cadbury plc's outstanding shares have already accepted Kraft Foods, Inc.'s final offer as recommended by the Cadbury plc board. As such, all of the conditions of the recommended final offer for Cadbury plc have been satisfied or waived, allowing Cadbury plc to become part of Kraft Foods, Inc.

Kraft Foods, Inc. Announces Offer Update For Cadbury plc Feb 01, 2010 Kraft Foods, Inc. announced that Cadbury Securityholders are encouraged to accept the Final Offer as soon as possible and, in any event, so that their acceptances are received no later February 2, 2010. Accepting Cadbury Shareholders in jurisdictions other than CSN Permitted Jurisdictions (including the United States and Australia) who hold their Cadbury Shares in certificated form will hold their New Kraft Foods Shares through the Kraft Foods Direct Registration System (the DRS). Similarly, accepting Cadbury ADS Holders who hold their Cadbury ADSs in certificated form will also hold their New Kraft Foods Shares through the DRS. Kraft Foods announced that it will cover the fees that would have been charged to DRS holders using the DRS Dealing Facility, in respect of their first sale, provided such sale is effected within six weeks of the relevant accepting Cadbury Securityholder being issued with the statement of ownership detailing the number of New Kraft Foods Shares it holds through the DRS following acceptance of the Final Offer. Accepting Cadbury Shareholders in the jurisdictions listed in the definition of CSN Permitted Jurisdiction in the Original Offer Document will be issued Kraft Foods CDIs, which represent an entitlement to the underlying New Kraft Foods Shares. Kraft Foods will arrange for Computershare to hold these CDIs in a CSN Facility on behalf of accepting Cadbury Shareholders who hold their Cadbury Shares in certificated form.

Kraft Foods, Inc. Announces Offer Update For Cadbury plc Jan 25, 2010 Kraft Foods, Inc. announced that it is providing further details about the recommended offer it announced on January 19, 2010 for Cadbury plc (Final Offer), including, in particular, important information in relation to the Mix and Match Facility. Under the terms of the Final Offer, the Mix and Match Facility allows for accepting Cadbury Securityholders to elect to vary the proportions in which they receive New Kraft Foods Shares and cash consideration, subject to other Cadbury Securityholders making off-setting elections. The reference

Page 15

OneSource One-Stop Reports for Kraft Foods Inc. share price and exchange rate of the Mix and Match Facility were set on December 1, 2009. For certain legal and technical reasons it was not possible to update this when the Final Offer was announced. On December 1, 2009, the Kraft share price was $26.50 and the USD/GBP exchange rate was $1.6627 per GBP1.00. Cadbury Securityholders who elect for additional cash under the Mix and Match Facility (providing that there are sufficient off-setting elections for shares) would receive 799 pence per Cadbury Share in cash and 3,195 pence per Cadbury ADS in cash (excluding in each case the Special Dividend of 10 pence per Cadbury Share). By contrast, the Final Offer's current value is 827 pence per Cadbury Share and 3,308 pence per Cadbury ADS (excluding in each case the Special Dividend of 10 pence per Cadbury Share)1. The Final Offer's value will change as the Kraft Foods share price and the USD/GBP exchange rate change.

Kraft Foods, Inc. Preparing To Raise GBP7 Billion In Bond Market-DJ Jan 24, 2010 Dow Jones reported that Kraft Foods, Inc. is preparing to tap the bond markets to help finance its GBP11.9 billion takeover of U.K. confectioner Cadbury PLC, the Sunday Times newspaper reported, citing unidentified banking sources. Kraft Foods, Inc. is drawing up plans to launch a GBP7 billion bond issue to refinance a short-term bridging loan provided by a consortium of investment banks, including Deutsche Bank and Citi. No formal decision has been made to press ahead, but banking sources said they expect Kraft Foods, Inc. to launch the bond issue within weeks. The issue would take advantage of low interest rates and strong investor appetite for corporate bonds. The proceeds would replace the bridging loans that typically have a much higher interest rate. Kraft highlighted the possibility of a bond issue in its formal offer documents released last week, according to the newspaper report.

Buffett Sour On Kraft Foods, Inc.'s Deal To Acquire Cadbury plc-Reuters Jan 20, 2010 Reuters reported that Warren Buffett said Kraft Foods, Inc.'s proposed $19.6 billion acquisition of Cadbury plc is a 'bad deal' and questioned how Chief Executive Irene Rosenfeld chose to pay for it.

Fitch Downgrades Kraft Foods, Inc.'s Ratings To BBB-/F3 On Cadbury Revised Offer Jan 20, 2010 Fitch Ratings announced that it has downgraded Kraft Foods Inc.'s, rating and removed the ratings from Rating Watch Negative, where they had been placed on September 8, 2009; Issuer Default Rating (IDR) to BBB- from BBB. The downgrades follow Kraft's GBP11.9 billion (USD19.4 billion) recommended final offer for Cadbury plc submitted January 19, 2010 and reflect the anticipated increase in financial leverage of the combined companies.

Kraft Foods, Inc. Announces Offer Update For Cadbury plc Jan 20, 2010 Kraft Foods, Inc. announced that on November 9, 2009, Kraft Foods announced its firm intention to make an offer to acquire the whole of the issued and to be issued share capital of Cadbury plc (Offer). On January 19, 2010, Kraft Foods announced the detailed terms of a recommended Final Offer for Cadbury. As at 5.00 p.m. (London time) on January 15, 2010, being the last practicable date prior to the publication of this announcement, Kraft Foods had received valid acceptances of the Offer in respect of a total of 20,768,378 Cadbury Shares (including those represented by Cadbury ADSs), representing approximately 1.51% of the existing issued share capital of Cadbury, which Kraft Foods may count towards the satisfaction of the acceptance condition to the Offer. Cadbury Securityholders who have already accepted the Original Offer (and have not withdrawn those acceptances) will automatically be deemed to have accepted the terms of the Final Offer by virtue of their prior acceptances and therefore need take no further action. Other Cadbury Securityholders who wish to accept the recommended Final Offer must take action to accept the Final Offer by 1.00 p.m. (London time) / 8.00 a.m. (New York City time) on February 2, 2010. The Offer is final and will not be increased, except that Kraft Foods reserves the right to increase the Offer if there is an announcement on or after the date hereof of an offer or a possible offer for Cadbury by a third party offeror or potential offeror.

Kraft Foods, Inc. Reaffirms FY 2009 EPS Guidance; Raises Long Term Growth Guidance Jan 19, 2010 Kraft Foods, Inc. announced that on January 12, 2010, Kraft Foods increased its guidance for fiscal 2009 diluted earnings per share (EPS), to at least $2.00 versus the previous expectation of at least $1.97. Kraft Foods expects to achieve this level of diluted EPS while continuing to increase investment behind its brands, with advertising and consumer marketing spending expected to grow to approximately 7% of sales in fiscal 2009 from 6.7% of sales in fiscal 2008. The Company also announced the following the combination with Cadbury, the Company expects to revise its long-term growth targets to 5+% for revenue and 9%-11% for earnings per share (EPS), from its previously announced 4+% and 7%-9%. According to Reuters Estimates, analysts were expecting the Company to report EPS of $2.00 for fiscal 2009; EPS of $2.19 on revenue of $42.36 billion for fiscal 2010; EPS of $2.38 on revenue of $44.46 billion for fiscal 2011.

Kraft Foods, Inc. Recommends Final Offer For Cadbury plc

Page 16

OneSource One-Stop Reports for Kraft Foods Inc. Jan 19, 2010 Kraft Foods, Inc. announced detailed terms of a recommended Final Offer to acquire the entire issued and to be issued share capital of Cadbury plc. Under the terms of the Final Offer, Cadbury Securityholders will be entitled to receive, for each Cadbury Share 500 pence in cash and 0.1874 New Kraft Foods Shares for each Cadbury ADS 2,000 pence in cash and 0.7496 New Kraft Foods Shares representing, in aggregate, 840 pence per Cadbury Share and GBP 33.60 per Cadbury ADS. In addition, Cadbury Shareholders will be entitled to receive 10 pence per Cadbury share by way of a Special Dividend following the date on which the Final Offer becomes or is declared unconditional. Kraft Foods also announced that it reserves the right to, and intends to, reduce the number of acceptances required to fulfil the Acceptance Condition from 90% to 50% plus one Cadbury Share on or after January 26, 2010. Full acceptance of the Final Offer will result in the issue of 265 million New Kraft Foods Shares, representing approximately 18% of the existing issued share capital and 15% of the enlarged issued share capital of Kraft Foods. Other Cadbury Securityholders who wish to accept the recommended Final Offer must take action to accept the Final Offer by 1.00 pm (London time) / 8.00 am (New York City time) on February 2, 2010.

Kraft Foods, Inc. And Cadbury plc Confirm Finalising Terms Of Recommended Offer For Cadbury plc Jan 19, 2010 Kraft Foods, Inc. announced that the Boards of Kraft Foods Inc. and Cadbury plc confirm that they are finalising the terms of a recommended offer for Cadbury plc. A further announcement will be made shortly.

Kraft Foods, Inc. Raises FY 2009 EPS Guidance Jan 13, 2010 Kraft Foods, Inc. raised its guidance for fiscal 2009 diluted earnings per share (EPS) to at least $2.00 versus the previous expectation of at least $1.97. According to Reuters Estimates, analysts are expecting the Company to report EPS of $2.00 for the same period. The Company cited that the increased guidance reflects strong operating gains as well as a significant increase in marketing investments versus the prior year.

Cadbury plc Says Kraft Foods, Inc. Takeover Bid Unappealing-AP Jan 12, 2010 The Associated Press reported that Cadbury plc stepped up its defense against a hostile takeover bid from Kraft Foods Inc. by announcing that its fiscal 2009 revenue growth will beat market expectations. Cadbury argued that the share portion of Kraft's GBP10.3 billion pound ($16.5 billion) bid is unappealing because of the U.S. company's poor track record of delivery. Kraft's offer currently values Cadbury at GBP7.63 pence per share. Kraft has until February 2 to line up a majority of Cadbury shareholders to accept the offer. Cadbury said Kraft's offer equals 12 times earnings before interest, taxes, depreciation and amortization, while comparable transactions in the sector have ranges from 14.3 to 18.5 times EBITDA.

Kraft Foods, Inc. Advisers Mull Raising Cash Part Of Cadbury plc Bid-DJ Jan 08, 2010 Dow Jones reported that a advisers to Kraft Foods, Inc. are considering a plan to raise the cash component of hostile offer for Cadbury plc., newspaper The Times reported, without citing specific sources. Kraft Foods, Inc., advised by Lazard, Citigroup and Deutsche Bank, is mulling another boost to the cash part of its GBP10.4 billion cash-and-share offer, to make it more appealing to hedge funds and UK institutional investors that do not want American shares, the newspaper said. Kraft Foods, Inc. does not have to make a final bid until January 19 and increasing the cash element is only one option being considered, The Times said. Cadbury plc is expected to make a second rebuttal of Kraft Foods, Inc.'s bid on Tuesday and will update fully on its 2009 trading on Thursday, The Times said. Kraft Foods, Inc. has already raised the cash component of its bid this week, by 60 pence, and more cash is unlikely to secure the takeover without a parallel rise in the overall value of its offer, The Times said.

EU Clears Kraft Foods, Inc. To Buy Cadbury plc Subject To Conditions-DJ Jan 06, 2010 Dow Jones reported that the European Commission cleared Kraft Foods, Inc.'s proposed take-over of U.K. confectioner Cadbury plc, saying a tie-up between the two companies would not hurt competition. The antitrust clearance, however, comes on the condition that Kraft sells off Cadbury plc's Polish and Romanian chocolate businesses. The sale was a solution put forward by Kraft Foods, Inc. to solve competition concerns raised by the commission. Kraft Foods, Inc. launched a GBP10 billion ($17 billion) hostile bid for Cadbury plc in September.

Kraft Foods, Inc. Announces Update On Offer For Cadbury Plc Jan 06, 2010 Kraft Foods, Inc. announced that on November 9, 2009, Kraft Foods announced its firm intention to make an offer to acquire the whole of the issued and to be issued share capital of Cadbury (Offer). The full terms and conditions of the Offer and the procedures for

Page 17

OneSource One-Stop Reports for Kraft Foods Inc. acceptance were set out in the offer documentation issued by Kraft Foods on December 4, 2009, (Offer Documentation). On January 5, 2010, Kraft Foods announced that the Offer, which remains subject to the terms and conditions set out in the Offer Documentation, is being extended and will remain open for acceptance until the next closing date which will be 1.00 p.m. (London time) on February 2, 2010. On January 5, 2010, Kraft Foods also announced that it will use an amount equivalent to the net proceeds from the sale of its North American Pizza business to fund a partial cash alternative (Partial Cash Alternative) as part of its Offer for Cadbury. Level of acceptances; As at 1.00 p.m. (London time) on January 5, 2010, being the first closing date of the Offer, Kraft Foods had received valid acceptances of the Offer in respect of a total of 20,917,708 Cadbury Shares (including those represented by Cadbury ADSs), representing approximately 1.52 % of the existing issued share capital of Cadbury, which Kraft Foods may count towards the satisfaction of the acceptance condition to the Offer. So far as Kraft Foods is aware, none of these acceptances had been received from persons acting in concert with Kraft Foods.

Berkshire Hathaway, Inc. Votes Against Kraft Foods, Inc.'s Proposal To Authorize Issuance Of Up To 370 Million Shares To Facilitate Acquisition Of Cadbury Jan 05, 2010 Berkshire Hathaway, Inc. announced that it has voted against Kraft Foods, Inc.'s proposal to authorize the issuance of up to 370 million shares to facilitate the acquisition of Cadbury. Berkshire, taking into account both its own holdings and those of its pension funds, believes that the 138,272,500 Kraft shares it owns 9.4% of the total outstanding make it Kraft's largest shareholder. The share-issuance proposal, if enacted, will give Kraft a blank check allowing it to change its offer to Cadbury - in any way it wishes - from the transaction presented to shareholders in the proxy statement.

Cadbury plc Says Sweetened Kraft Foods, Inc. Bid Still Derisory-DJ Jan 05, 2010 Dow Jones reported that Cadbury plc again dismissed Kraft Foods, Inc. takeover bid despite the Company sweetening its offer with more cash after selling its U.S. and Canadian pizza business to Swiss rival Nestle S.A. Kraft said it would use the net proceeds from the $3.7 billion sale to offer Cadbury shareholders an additional cash element of 60 pence per Cadbury, bringing the cash part of the deal to 360 pence a share.

Kraft Foods, Inc. Extends Acceptance Period For Cadbury plc Security Holders To Tender Their Shares Jan 05, 2010 Kraft Foods, Inc. announced that it will extend the acceptance period for Cadbury plc security holders to tender their shares from January 5 to February 2, 2010. This is common practice in the UK and in no way changes the terms of the offer or other deadlines set for this potential transaction under the UK takeover code.

Kraft Foods, Inc. Announces Agreement To Sell Pizza Business To Nestle Jan 05, 2010 Kraft Foods, Inc. announced that it has agreed to sell the assets of its North American pizza business to Nestle for a total consideration of $3.7 billion. The sale includes the DiGiorno, Tombstone and Jack's brands in the United States, the Delissio brand in Canada and the California Pizza Kitchen trademark license. It also includes two Wisconsin manufacturing facilities (Medford and Little Chute) and the right to take on the leases for the pizza depots and delivery trucks. Kraft Foods, Inc. anticipates that approximately 3,400 employees will transfer with the business to Nestle. The transaction is expected to close in 2010.

Kraft Foods, Inc. Preparing Higher Bid For Cadbury plc-DJ Jan 03, 2010 Dow Jones reported that Kraft Foods, Inc. is preparing a sweetened offer for U.K. confectioner Cadbury plc, the Sunday Times reported without citing sources. Kraft Foods, Inc.'s hostile offer, which is currently valued at 741 pence per Cadbury plc share and below the target's 797 pence closing stock price on December 31, will be raised in the next two weeks, the newspaper said. According to the U.K. newspaper, U.S. chocolate maker Hershey Co., which has been working on a rival offer for Cadbury plc, is expected to wait for Kraft Foods, Inc.'s next move to make a decision. Nestle S.A. and Italy's Ferrero Group are also waiting for Kraft Foods, Inc. to move and could still bid, the newspaper added.

Kraft Foods, Inc. Declares Regular Quarterly Dividend of $0.29 Per Share Dec 17, 2009 Kraft Foods, Inc. announced that it has declared a regular quarterly dividend of $0.29 per common share of Class A stock. This dividend is payable on January 13, 2010, to stockholders of record as of December 30, 2009.

Page 18

OneSource One-Stop Reports for Kraft Foods Inc. Kraft Foods, Inc. Facing Campaign Against Cadbury plc Bid From Workers-DJ Dec 10, 2009 Dow Jones reported that Kraft Foods, Inc.'s attempt to take over Cadbury PLC will face a coordinated campaign from the U.K. confectioner's workers, trade union Unite. Unite--which represents Cadbury workers in the U.K. and the Republic of Ireland--will team up with some U.K. lawmakers next week in a bid to thwart Kraft's GBP9.9 billion takeover attempt. Unite said the Kraft bid would result in job losses and pay cuts as Kraft tried to meet its massive borrowings needed to finance the takeover.

European Commission Extends Kraft Foods, Inc. And Cadbury plc Merger Review To January 6-DJ Dec 09, 2009 Dow Jones reported that the European Commission extended its deadline for reviewing Kraft Food Inc.'s plan to buy Cadbury plc to January 6, after receiving a plan to ease commission antitrust concerns that might arise from the merger. The commission was previously set to make a decision on the merger by December 14.

Cadbury plc To Formerly Respond To Kraft Foods, Inc. Offer Document On December 14-DJ Dec 07, 2009 Dow Jones reported that Cadbury plc will post to shareholders its formal response to Kraft Food Inc's offer on December 14.

Cadbury plc To Reject Kraft Foods, Inc.'s 713 Pence Per Share Offer On Monday-DJ Dec 06, 2009 Dow Jones reported that Cadbury plc is expected to reject Kraft Foods, Inc.'s 713-pence a share offer on Monday, the Mail on Sunday reported without citing sources. Cadbury plc has already said the hostile offer materially undervalued Cadbury plc and was derisory. The Cadbury plc board may issue a statement early this week reiterating that, the report said. The offer values Cadbury plc at around GBP9.8 billion. Kraft Foods, Inc. on Friday left its November offer of 713 pence per share for Cadbury plc unchanged as it sent out its prospectus on the bid, but it sought to woo Cadbury plc's shareholders by saying that a deal would allow it to boost its long-term earnings and sales forecasts. Kraft Foods, Inc. has until February 5 to collect enough shares to seal the deal. It can raise its offer during the first 46 days of the offer period and any counter bid will trigger a fresh timetable.

Kraft Foods, Inc. Starts Clock On Unchanged Cadbury plc Bid-Reuters Dec 04, 2009 Reuters reported that Kraft Foods, Inc. posted its offer to Cadbury plc shareholders with terms unchanged, triggering a two month takeover fight for the chocolate maker and a frosty response from Britain. As the battle got under way in earnest, a source close to the Company said Kraft's offer remained derisory and UK business secretary Peter Mandelson warned Kraft it would face a backlash if it tried to buy Cadbury on the cheap.

European Commission Sets Kraft Foods, Inc. And Cadbury plc Antitrust Review Deadline For December 14-DJ Nov 11, 2009 Dow Jones reported that the European Commission has set December 14 as the initial deadline for its antitrust review of the proposed takeover by Kraft Foods, Inc. of Cadbury plc. Kraft this week launched a $16.3 billion hostile bid for Cadbury after Cadbury rejected its initial offer.

Cadbury plc's Statement In Response To Announcement By Kraft Foods, Inc. Of A Formal Offer Nov 09, 2009 Cadbury plc announced that it notes the announcement of an unsolicited offer by Kraft Foods Inc. (Kraft) of 300pence and 0.2589 Kraft shares per Cadbury share, implying a value for each Cadbury share of 717 pence (based on the closing price of USD 26.78 for a Kraft share on November 6, 2009, and an exchange rate of 1.6609 USD / GBP) (the Offer). The Offer's cash price per share and exchange ratio are unchanged from Kraft's announcement of September 7. However, due to the fall in the Kraft share price since then, the implied value for each Cadbury share is around 4% lower. Therefore, the Offer is worse than the proposal that the Board has previously rejected as fundamentally undervaluing Cadbury and its prospects. Accordingly, the Board recommends shareholders reject the Offer and in due course will be communicating with shareholders to set out in more detail why it believes the Offer falls well short of reflecting the value of Cadbury.

Kraft Foods, Inc. Launches New, Lower Bid For Cadbury plc-AP Nov 09, 2009

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OneSource One-Stop Reports for Kraft Foods Inc. The Associated Press reported that Kraft Foods, Inc. has made a GBP9.8 billion ($16.4 billion) cash-and-stock offer for Cadbury plc. This hostile offer values each Cadbury share at GBP7.17, lower than Kraft's previous rebuffed approach of GBP7.45. Kraft says the price represents a substantial premium to the unaffected share price of Cadbury, referring to a surge in the Cadbury's stock since Kraft's previous bid was made public in September.

Kraft Foods, Inc. Set To Formalize Hostile Cadbury plc Bid-Reuters Nov 09, 2009 Reuters reported that Kraft Foods, Inc. is expected to formalize on Monday a hostile takeover bid for Cadbury plc valued at roughly GBP10.2 billion ($16.7 billion). Cadbury previously rejected Kraft's informal offer two months ago, which was worth 745p a share, saying it made no strategic or financial sense. Still, Kraft was not expected to materially change its offer. Kraft planned to press ahead and make its offer directly to Cadbury shareholders on Monday, meeting a deadline set by the U.K. Takeover Panel to formalize its offer or walk away.

©1983-2010 Reuters Research Inc. All Rights Reserved. Published by OneSource Information Services, Inc.,Nov, 2010

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OneSource One-Stop Reports for Kraft Foods Inc.

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OneSource One-Stop Reports for Kraft Foods Inc.

Annual Income Statement

Kraft Foods Inc. Northfield, Illinois, United States, Tel: 847-646-2000, URL: http://www.kraftfoodscompany.com

Financials in: USD (000) Except for share items (millions) and per share items (actual units)

Financial Glossary 31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

12 Months

12 Months

12 Months

12 Months

31-Dec-2005 12 Months

UpdateType/Date

Updated Normal 31-Dec-2009

Restated Normal 31-Dec-2009

Restated Normal 31-Dec-2009

Restated Normal 31-Dec-2008

Reclassified Normal 31-Dec-2006

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

Pricewaterhouse Coopers LLP

Pricewaterhouse Coopers LLP

Pricewaterhouse Coopers LLP

Pricewaterhouse Coopers LLP

Pricewaterhouse Coopers LLP

Auditor Opinion

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

40,386,000.0

41,932,000.0

35,858,000.0

33,256,000.0

34,113,000.0

Revenue

Net Sales

40,386,000.0

41,932,000.0

35,858,000.0

33,256,000.0

34,113,000.0

Total Revenue

40,386,000.0

41,932,000.0

35,858,000.0

33,256,000.0

34,113,000.0

25,786,000.0

28,088,000.0

23,656,000.0

21,344,000.0

21,845,000.0

Cost of Revenue, Total

Cost of Revenue

25,786,000.0

28,088,000.0

23,656,000.0

21,344,000.0

21,845,000.0

Gross Profit

14,600,000.0

13,844,000.0

12,202,000.0

11,912,000.0

12,268,000.0

9,108,000.0

8,862,000.0

7,587,000.0

7,120,000.0

7,135,000.0

9,108,000.0

8,862,000.0

7,587,000.0

7,120,000.0

7,135,000.0

26,000.0

23,000.0

13,000.0

7,000.0

10,000.0

26,000.0

23,000.0

13,000.0

7,000.0

10,000.0

-

-

-

-251,000.0

-

Interest/Investment Income Operating

-

-

-

-251,000.0

-

Interest Expense (Income) - Net Operating Total

-

-

-

-251,000.0

-

Selling/General/Administrative Expense Total Selling/General/Administrative Expenses Amortization of Intangibles Depreciation/Amortization Investment Income - Operating

Restructuring Charge Impairment-Assets Held for Use Loss (Gain) on Sale of Assets Operating Other Unusual Expense (Income)

-

-

-

575,000.0

-64,000.0

1,024,000.0

440,000.0

424,000.0

-

6,000.0

92,000.0

-14,000.0

-117,000.0

-108,000.0

-

-

-

-

479,000.0

-58,000.0

1,116,000.0

426,000.0

882,000.0

371,000.0

34,862,000.0

38,089,000.0

31,682,000.0

29,102,000.0

29,361,000.0

5,524,000.0

3,843,000.0

4,176,000.0

4,154,000.0

4,752,000.0

-1,260,000.0

-1,272,000.0

-739,000.0

-609,000.0

-657,000.0

-1,260,000.0

-1,272,000.0

-739,000.0

-609,000.0

-657,000.0

Interest Income - Non-Operating

0.0

0.0

74,000.0

47,000.0

21,000.0

Interest/Investment Income - Non-

0.0

0.0

74,000.0

47,000.0

21,000.0

Unusual Expense (Income) Total Operating Expense Operating Income Interest Expense - Non-Operating Interest Expense, Net NonOperating

Page 22

OneSource One-Stop Reports for Kraft Foods Inc. Operating Interest Income (Expense) - Net Non-Operating

23,000.0

32,000.0

61,000.0

52,000.0

-

Interest Income (Expense) - Net Non-Operating Total

-1,237,000.0

-1,240,000.0

-604,000.0

-510,000.0

-636,000.0

Income Before Tax

4,287,000.0

2,603,000.0

3,572,000.0

3,644,000.0

4,116,000.0

Total Income Tax Income After Tax Minority Interest Net Income Before Extraord Items Discontinued Operations

1,259,000.0

755,000.0

1,080,000.0

816,000.0

1,209,000.0

3,028,000.0

1,848,000.0

2,492,000.0

2,828,000.0

2,907,000.0

-7,000.0

-9,000.0

-3,000.0

-

-3,000.0

3,021,000.0

1,839,000.0

2,489,000.0

2,828,000.0

2,904,000.0 -272,000.0

0.0

1,045,000.0

232,000.0

232,000.0

0.0

1,045,000.0

232,000.0

232,000.0

-272,000.0

Net Income

3,021,000.0

2,884,000.0

2,721,000.0

3,060,000.0

2,632,000.0

Income Available to Common Excl Extraord Items

3,021,000.0

1,839,000.0

2,489,000.0

2,828,000.0

2,904,000.0

Income Available to Common Incl Extraord Items

3,021,000.0

2,884,000.0

2,721,000.0

3,060,000.0

2,632,000.0

1,478.0

1,505.0

1,591.0

1,643.0

1,684.0

2.04

1.22

1.56

1.72

1.72

Total Extraord Items

Basic/Primary Weighted Average Shares Basic EPS Excl Extraord Items Basic/Primary EPS Incl Extraord Items Diluted Net Income Diluted Weighted Average Shares

2.04

1.92

1.71

1.86

1.56

3,021,000.0

2,884,000.0

2,721,000.0

3,060,000.0

2,632,000.0

1,486.0

1,515.0

1,600.0

1,655.0

1,693.0

Diluted EPS Excl Extraord Items

2.03

1.21

1.56

1.71

1.72

Diluted EPS Incl Extraord Items

2.03

1.90

1.70

1.85

1.55

Dividends per Share - Common Stock Primary Issue

1.16

1.12

1.04

0.96

0.87

Dividends per Share - Common Stock Issue 2

1.16

1.12

1.04

0.96

0.87 1,471,000.0

Gross Dividends - Common Stock

1,715,000.0

1,676,000.0

1,643,000.0

1,587,000.0

Stock Based Compensation

-

-

-

-

7,000.0

Net Income After Stock Based Compensation

-

-

-

-

2,658,000.0

Basic EPS After Stock Based Compensation

-

-

-

-

1.56

Diluted EPS After Stock Based Compensation

-

-

-

-

1.55

1,260,000.0

1,272,000.0

739,000.0

609,000.0

657,000.0

905,000.0

963,000.0

873,000.0

884,000.0

869,000.0

-143,000.0

2,105,000.0

885,000.0

882,000.0

371,000.0

4,144,000.0

4,708,000.0

4,457,000.0

4,526,000.0

4,487,000.0

-41,996.0

610,555.0

267,581.0

197,506.0

108,974.0

1,217,004.0

1,365,555.0

1,347,581.0

1,013,506.0

1,317,974.0

Normalized Income After Tax

2,926,996.0

3,342,445.0

3,109,419.0

3,512,494.0

3,169,026.0

Normalized Inc. Avail to Com.

2,919,996.0

3,333,445.0

3,106,419.0

3,512,494.0

3,166,026.0

Basic Normalized EPS

1.98

2.21

1.95

2.14

1.88

Diluted Normalized EPS

1.97

2.20

1.94

2.12

1.87

Interest Expense, Supplemental Depreciation, Supplemental Total Special Items Normalized Income Before Tax Effect of Special Items on Income Taxes Inc Tax Ex Impact of Sp Items

Page 23

OneSource One-Stop Reports for Kraft Foods Inc. Amort of Intangibles, Supplemental Rental Expenses Advertising Expense, Supplemental Research & Development Exp, Supplemental Reported Operating Profit

26,000.0

23,000.0

13,000.0

7,000.0

10,000.0

505,000.0

505,000.0

433,000.0

416,000.0

436,000.0

1,648,000.0

1,639,000.0

1,471,000.0

1,308,000.0

1,314,000.0

477,000.0

498,000.0

442,000.0

414,000.0

385,000.0

20,124,000.0

17,687,000.0

16,378,000.0

16,066,000.0

17,020,000.0

Normalized EBIT

5,381,000.0

5,948,000.0

5,061,000.0

4,785,000.0

5,123,000.0

Normalized EBITDA

6,312,000.0

6,934,000.0

5,947,000.0

5,676,000.0

6,002,000.0

Current Tax - Domestic

425,000.0

392,000.0

649,000.0

509,000.0

876,000.0

Current Tax - Foreign

701,000.0

507,000.0

649,000.0

398,000.0

466,000.0

95,000.0

62,000.0

175,000.0

77,000.0

115,000.0

1,221,000.0

961,000.0

1,473,000.0

984,000.0

1,457,000.0

Current Tax - Local Current Tax - Total Deferred Tax - Domestic

108,000.0

-13,000.0

-270,000.0

-118,000.0

-210,000.0

Deferred Tax - Foreign

-31,000.0

-172,000.0

-54,000.0

-15,000.0

-38,000.0

Deferred Tax - Local

-39,000.0

-21,000.0

-69,000.0

-35,000.0

-

38,000.0

-206,000.0

-393,000.0

-168,000.0

-248,000.0

1,259,000.0

755,000.0

1,080,000.0

816,000.0

1,209,000.0

Interest Cost - Domestic

377,000.0

378,000.0

371,000.0

358,000.0

345,000.0

Service Cost - Domestic

160,000.0

155,000.0

163,000.0

174,000.0

172,000.0

6,000.0

7,000.0

5,000.0

5,000.0

4,000.0

Expected Return on Assets - Domestic

-486,000.0

-526,000.0

-523,000.0

-504,000.0

-507,000.0

Actuarial Gains and Losses - Domestic

162,000.0

83,000.0

136,000.0

191,000.0

159,000.0 222,000.0

Deferred Tax - Total Income Tax - Total

Prior Service Cost - Domestic

Curtailments & Settlements - Domestic

-

-

-

-

Other Pension, Net - Domestic

237,000.0

634,000.0

200,000.0

302,000.0

-

Domestic Pension Plan Expense

456,000.0

731,000.0

352,000.0

526,000.0

395,000.0

Interest Cost - Foreign

215,000.0

222,000.0

194,000.0

169,000.0

170,000.0

Service Cost - Foreign

67,000.0

91,000.0

101,000.0

95,000.0

80,000.0

6,000.0

7,000.0

9,000.0

8,000.0

8,000.0

Expected Return on Assets - Foreign

-242,000.0

-285,000.0

-251,000.0

-203,000.0

-190,000.0

Actuarial Gains and Losses - Foreign

23,000.0

31,000.0

66,000.0

73,000.0

47,000.0

8,000.0

16,000.0

4,000.0

13,000.0

25,000.0

Prior Service Cost - Foreign

Other Pension, Net - Foreign Foreign Pension Plan Expense

77,000.0

82,000.0

123,000.0

155,000.0

140,000.0

Interest Cost - Post-Retirement

174,000.0

183,000.0

177,000.0

174,000.0

170,000.0

Service Cost - Post-Retirement

35,000.0

44,000.0

46,000.0

50,000.0

48,000.0

-32,000.0

-28,000.0

-26,000.0

-28,000.0

-26,000.0

44,000.0

55,000.0

58,000.0

78,000.0

61,000.0

Prior Service Cost - Post-Retirement Actuarial Gains and Losses - PostRetir. Other Post-Retirement, Net

0.0

0.0

5,000.0

-3,000.0

-

Post-Retirement Plan Expense

221,000.0

254,000.0

260,000.0

271,000.0

253,000.0

Defined Contribution Expense Domestic

123,000.0

120,000.0

109,000.0

0.0

94,000.0

Total Pension Expense

877,000.0

1,187,000.0

844,000.0

952,000.0

882,000.0

Discount Rate - Domestic

6.10%

6.30%

5.90%

5.60%

5.75%

Discount Rate - Foreign

6.41%

5.44%

4.67%

4.40%

5.18%

Expected Rate of Return - Foreign

7.25%

7.43%

7.53%

7.57%

7.82%

Compensation Rate - Domestic

4.00%

4.00%

4.00%

4.00%

4.00%

Compensation Rate - Foreign

3.09%

3.13%

3.00%

3.11%

3.11%

766,000.0

783,000.0

742,000.0

701,000.0

685,000.0

Total Plan Interest Cost Total Plan Service Cost Total Plan Expected Return Total Plan Other Expense

262,000.0

290,000.0

310,000.0

319,000.0

300,000.0

-728,000.0

-811,000.0

-774,000.0

-707,000.0

-697,000.0

245,000.0

650,000.0

209,000.0

312,000.0

25,000.0

Page 24

OneSource One-Stop Reports for Kraft Foods Inc. Annual Balance Sheet Financials in: USD (000)

Financial Glossary 31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

31-Dec-2005

UpdateType/Date

Updated Normal 31-Dec-2009

Restated Normal 31-Dec-2009

Updated Normal 31-Dec-2007

Updated Normal 31-Dec-2006

Reclassified Normal 31-Dec-2006 USD

Filed Currency

USD

USD

USD

USD

Exchange Rate

1

1

1

1

1

Auditor

Pricewaterhouse Coopers LLP

Pricewaterhouse Coopers LLP

Pricewaterhouse Coopers LLP

Pricewaterhouse Coopers LLP

Pricewaterhouse Coopers LLP

Auditor Opinion

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

2,101,000.0

1,244,000.0

567,000.0

239,000.0

316,000.0

2,101,000.0

1,244,000.0

567,000.0

239,000.0

316,000.0

5,318,000.0

4,833,000.0

5,291,000.0

3,953,000.0

3,477,000.0

-121,000.0

-129,000.0

-94,000.0

-84,000.0

-92,000.0

Cash & Equivalents Cash and Short Term Investments Accounts Receivable - Trade, Gross Provision for Doubtful Accounts Trade Accounts Receivable - Net

5,197,000.0

4,704,000.0

5,197,000.0

3,869,000.0

3,385,000.0

5,197,000.0

4,704,000.0

5,197,000.0

3,869,000.0

3,385,000.0

Inventories - Finished Goods

2,365,000.0

2,313,000.0

2,541,000.0

2,117,000.0

1,980,000.0

Inventories - Raw Materials

1,410,000.0

1,568,000.0

1,697,000.0

1,389,000.0

1,363,000.0

-

-

-142,000.0

-

-

3,775,000.0

3,881,000.0

4,096,000.0

3,506,000.0

3,343,000.0

730,000.0

804,000.0

575,000.0

387,000.0

879,000.0

Total Receivables, Net

LIFO Reserve Total Inventory Deferred Income Tax - Current Asset Other Current Assets

651,000.0

828,000.0

302,000.0

253,000.0

230,000.0

1,381,000.0

1,632,000.0

877,000.0

640,000.0

1,109,000.0

12,454,000.0

11,461,000.0

10,737,000.0

8,254,000.0

8,153,000.0

4,231,000.0

3,913,000.0

4,121,000.0

3,657,000.0

3,551,000.0

492,000.0

462,000.0

454,000.0

389,000.0

388,000.0

13,872,000.0

12,590,000.0

13,750,000.0

12,164,000.0

12,008,000.0

828,000.0

850,000.0

879,000.0

840,000.0

651,000.0

Property/Plant/Equipment - Gross

19,423,000.0

17,815,000.0

19,204,000.0

17,050,000.0

16,598,000.0

Accumulated Depreciation

-8,730,000.0

-7,898,000.0

-8,426,000.0

-7,357,000.0

-6,781,000.0

Other Current Assets, Total Total Current Assets Buildings Land/Improvements Machinery/Equipment Construction in Progress

Property/Plant/Equipment - Net

10,693,000.0

9,917,000.0

10,778,000.0

9,693,000.0

9,817,000.0

Goodwill, Net

28,764,000.0

27,581,000.0

31,193,000.0

25,553,000.0

24,648,000.0

13,540,000.0

13,012,000.0

12,262,000.0

10,244,000.0

10,577,000.0

-111,000.0

-86,000.0

-62,000.0

-67,000.0

-61,000.0

13,429,000.0

12,926,000.0

12,200,000.0

10,177,000.0

10,516,000.0

115,000.0

56,000.0

1,648,000.0

1,168,000.0

3,617,000.0

1,259,000.0

1,232,000.0

1,437,000.0

729,000.0

877,000.0

1,374,000.0

1,288,000.0

3,085,000.0

1,897,000.0

4,494,000.0

66,714,000.0

63,173,000.0

67,993,000.0

55,574,000.0

57,628,000.0

Accounts Payable

3,766,000.0

3,373,000.0

4,065,000.0

3,209,000.0

2,922,000.0

Accrued Expenses

3,356,000.0

2,754,000.0

4,400,000.0

3,935,000.0

3,492,000.0

Notes Payable/Short Term Debt

453,000.0

897,000.0

7,385,000.0

1,715,000.0

805,000.0

Current Portion - Long Term Debt/Capital Leases

513,000.0

765,000.0

722,000.0

1,418,000.0

1,268,000.0

Intangibles - Gross Accumulated Intangible Amortization Intangibles, Net Pension Benefits - Overfunded Other Long Term Assets Other Long Term Assets, Total Total Assets

Page 25

OneSource One-Stop Reports for Kraft Foods Inc. Dividends Payable

-

-

414,000.0

45,000.0

-

Income Taxes Payable

-

-

100,000.0

151,000.0

237,000.0

3,403,000.0

3,255,000.0

-

-

-

Other Current Liabilities Other Current liabilities, Total

3,403,000.0

3,255,000.0

514,000.0

196,000.0

237,000.0

11,491,000.0

11,044,000.0

17,086,000.0

10,473,000.0

8,724,000.0

18,024,000.0

18,589,000.0

12,902,000.0

7,081,000.0

8,475,000.0

Total Long Term Debt

18,024,000.0

18,589,000.0

12,902,000.0

7,081,000.0

8,475,000.0

Total Debt

18,990,000.0

20,251,000.0

21,009,000.0

10,214,000.0

10,548,000.0

4,508,000.0

4,064,000.0

4,876,000.0

3,930,000.0

6,067,000.0

4,508,000.0

4,064,000.0

4,876,000.0

3,930,000.0

6,067,000.0

96,000.0

61,000.0

-

-

-

4,581,000.0

5,045,000.0

3,656,000.0

4,036,000.0

3,157,000.0

Total Current Liabilities Long Term Debt

Deferred Income Tax - LT Liability Deferred Income Tax Minority Interest Pension Benefits - Underfunded Other Long Term Liabilities Other Liabilities, Total Total Liabilities Common Stock

2,138,000.0

2,075,000.0

2,178,000.0

1,499,000.0

1,612,000.0

6,719,000.0

7,120,000.0

5,834,000.0

5,535,000.0

4,769,000.0

40,838,000.0

40,878,000.0

40,698,000.0

27,019,000.0

28,035,000.0

-

-

0.0

0.0

0.0

-

-

0.0

0.0

0.0

Additional Paid-In Capital

23,611,000.0

23,563,000.0

23,445,000.0

23,626,000.0

23,835,000.0

Retained Earnings (Accumulated Deficit)

14,636,000.0

13,440,000.0

12,209,000.0

11,128,000.0

9,453,000.0

Treasury Stock - Common

-8,416,000.0

-8,714,000.0

-6,524,000.0

-3,130,000.0

-2,032,000.0

-3,955,000.0

-5,994,000.0

-1,835,000.0

-3,069,000.0

-1,663,000.0

-3,955,000.0

-5,994,000.0

-1,835,000.0

-3,069,000.0

-1,663,000.0

Total Equity

25,876,000.0

22,295,000.0

27,295,000.0

28,555,000.0

29,593,000.0

Total Liabilities & Shareholders’ Equity

66,714,000.0

63,173,000.0

67,993,000.0

55,574,000.0

57,628,000.0

Shares Outstanding - Common Stock Primary Issue

1,477.9

1,469.3

1,533.8

456.0

489.9

Shares Outstanding - Common Stock Issue 2

-

-

-

1,180.0

1,180.0

1,477.9

1,469.3

1,533.8

1,636.0

1,669.9

257.1

265.7

201.2

99.0

65.1

97,000

98,000

103,000

90,000

94,000

Common Stock

Other Comprehensive Income Other Equity, Total

Total Common Shares Outstanding Treasury Shares - Common Stock Primary Issue Employees Number of Common Shareholders

80,887

84,000

87,000

3,000

2,900

111,000.0

86,000.0

62,000.0

67,000.0

61,000.0

18,602,000.0

19,454,000.0

13,657,000.0

8,530,000.0

9,779,000.0

513,000.0

765,000.0

722,000.0

1,418,000.0

1,268,000.0

Long Term Debt Maturing in Year 2

2,014,000.0

508,000.0

758,000.0

707,000.0

1,405,000.0

Long Term Debt Maturing in Year 3

4,373,000.0

2,208,000.0

506,000.0

755,000.0

707,000.0

Long Term Debt Maturing in Year 4

1,556,000.0

4,300,000.0

2,204,000.0

2,000.0

754,000.0

Long Term Debt Maturing in Year 5

506,000.0

1,555,000.0

1,502,000.0

2,202,000.0

1,000.0

Long Term Debt Maturing in Year 6

-

-

-

539,000.0

978,600.0

Long Term Debt Maturing in Year 7

-

-

-

539,000.0

978,600.0

Long Term Debt Maturing in Year 8

-

-

-

539,000.0

978,600.0

Long Term Debt Maturing in Year 9

-

-

-

539,000.0

978,600.0

Long Term Debt Maturing in Year 10

-

-

-

539,000.0

978,600.0

Long Term Debt Maturing in 2-3 Years

6,387,000.0

2,716,000.0

1,264,000.0

1,462,000.0

2,112,000.0

Long Term Debt Maturing in 4-5 Years

2,062,000.0

5,855,000.0

3,706,000.0

2,204,000.0

755,000.0

Long Term Debt Matur. in Year 6 &

9,640,000.0

10,118,000.0

7,965,000.0

3,446,000.0

5,644,000.0

Accumulated Intangible Amort, Suppl. Total Long Term Debt, Supplemental Long Term Debt Maturing within 1 Year

Page 26

OneSource One-Stop Reports for Kraft Foods Inc. Beyond Total Capital Leases, Supplemental

84,000.0

83,000.0

-

-

-

Capital Lease Payments Due in Year 1

16,000.0

13,000.0

-

-

-

Capital Lease Payments Due in Year 2

13,000.0

10,000.0

-

-

-

Capital Lease Payments Due in Year 3

13,000.0

10,000.0

-

-

-

Capital Lease Payments Due in Year 4

6,500.0

7,500.0

-

-

-

Capital Lease Payments Due in Year 5

6,500.0

7,500.0

-

-

-

Capital Lease Payments Due in 2-3 Years

26,000.0

20,000.0

-

-

-

Capital Lease Payments Due in 4-5 Years

13,000.0

15,000.0

-

-

-

Cap. Lease Pymts. Due in Year 6 & Beyond

29,000.0

35,000.0

-

-

-

Total Operating Leases, Supplemental

1,125,000.0

796,000.0

860,000.0

930,000.0

996,000.0

Operating Lease Payments Due in Year 1

306,000.0

250,000.0

256,000.0

244,000.0

260,000.0

Operating Lease Payments Due in Year 2

243,000.0

193,000.0

189,000.0

202,000.0

219,000.0

Operating Lease Payments Due in Year 3

185,000.0

142,000.0

140,000.0

147,000.0

166,000.0

Operating Lease Payments Due in Year 4

103,000.0

91,000.0

109,000.0

107,000.0

117,000.0

Operating Lease Payments Due in Year 5

76,000.0

49,000.0

84,000.0

90,000.0

81,000.0

Operating Lease Pymts. Due in 2-3 Years

428,000.0

335,000.0

329,000.0

349,000.0

385,000.0

Operating Lease Pymts. Due in 4-5 Years

179,000.0

140,000.0

193,000.0

197,000.0

198,000.0

Oper. Lse. Pymts. Due in Year 6 & Beyond

212,000.0

71,000.0

82,000.0

140,000.0

153,000.0

Pension Obligation - Domestic

6,741,000.0

6,693,000.0

6,206,000.0

6,524,000.0

6,559,000.0

Pension Obligation - Foreign

4,401,000.0

3,211,000.0

4,275,000.0

4,079,000.0

3,762,000.0

Post-Retirement Obligation

3,032,000.0

2,899,000.0

3,063,000.0

3,230,000.0

3,263,000.0

Plan Assets - Domestic

5,496,000.0

4,386,000.0

7,006,000.0

7,027,000.0

6,326,000.0

Plan Assets - Foreign

3,397,000.0

2,618,000.0

4,041,000.0

3,466,000.0

2,764,000.0

Funded Status - Domestic

-1,245,000.0

-2,307,000.0

800,000.0

503,000.0

-233,000.0

Funded Status - Foreign

-1,004,000.0

-593,000.0

-234,000.0

-613,000.0

-998,000.0

Funded Status - Post-Retirement

-3,032,000.0

-2,899,000.0

-3,063,000.0

-3,230,000.0

-3,263,000.0

Accumulated Obligation - Domestic

4,712,000.0

6,024,000.0

5,603,000.0

5,822,000.0

5,834,000.0

Accumulated Obligation - Foreign

3,478,000.0

1,664,000.0

3,979,000.0

3,784,000.0

3,494,000.0

Accumulated Obligation - PostRetirement

3,032,000.0

2,899,000.0

3,063,000.0

3,230,000.0

3,263,000.0

Total Funded Status

-5,281,000.0

-5,799,000.0

-2,497,000.0

-3,340,000.0

-4,494,000.0

Discount Rate - Domestic

5.93%

6.10%

6.30%

5.90%

5.60%

Discount Rate - Foreign

5.21%

6.41%

5.44%

4.67%

4.44%

Expected Rate of Return - Domestic

8.00%

8.00%

-

-

-

Expected Rate of Return - Foreign

7.26%

7.25%

-

-

-

Compensation Rate - Domestic

4.00%

4.00%

4.00%

4.00%

4.00%

Compensation Rate - Foreign Prepaid Benefits - Domestic Accrued Liabilities - Domestic

3.08%

3.09%

3.13%

3.00%

3.11%

115,000.0

56,000.0

1,648,000.0

0.0

2,717,000.0 -300,000.0

-1,818,000.0

-2,396,000.0

-828,000.0

0.0

Accrued Liabilities - Foreign

-

-

-

0.0

-332,000.0

Accrued Liabilities - Post-Retirement

-

-

-

0.0

-2,139,000.0

Other Assets, Net - Domestic

-

-

-

-2,957,000.0

-

Other Assets, Net - Post-Retirement

-

-

-

-958,000.0

-

-1,703,000.0

-2,340,000.0

820,000.0

-3,915,000.0

-54,000.0

Net Assets Recognized on Balance Sheet

Page 27

OneSource One-Stop Reports for Kraft Foods Inc. Equity % - Domestic

68.00%

65.00%

70.00%

72.00%

74.00%

Equity % - Foreign

50.00%

45.00%

56.00%

57.00%

60.00%

Debt Securities % - Domestic

28.00%

35.00%

30.00%

28.00%

25.00%

Debt Securities % - Foreign

43.00%

45.00%

38.00%

35.00%

34.00%

Real Estate % - Domestic

0.00%

0.00%

0.00%

0.00%

0.00%

Real Estate % - Foreign

4.00%

4.00%

3.00%

3.00%

3.00%

Other Investments % - Domestic

4.00%

0.00%

0.00%

0.00%

1.00%

Other Investments % - Foreign

3.00%

6.00%

3.00%

5.00%

3.00%

14,174,000.0

12,803,000.0

13,544,000.0

13,833,000.0

13,584,000.0

8,893,000.0

7,004,000.0

11,047,000.0

10,493,000.0

9,090,000.0

Total Plan Obligations Total Plan Assets

Annual Cash Flows Financials in: USD (000)

Financial Glossary 31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

12 Months

12 Months

12 Months

12 Months

31-Dec-2005 12 Months

UpdateType/Date

Updated Normal 31-Dec-2009

Reclassified Normal 31-Dec-2009

Reclassified Normal 31-Dec-2009

Updated Normal 31-Dec-2006

Updated Normal 31-Dec-2005 USD

Filed Currency

USD

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

Pricewaterhouse Coopers LLP

Pricewaterhouse Coopers LLP

Pricewaterhouse Coopers LLP

Pricewaterhouse Coopers LLP

Pricewaterhouse Coopers LLP

Auditor Opinion

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

3,028,000.0

2,893,000.0

2,724,000.0

3,060,000.0

2,632,000.0

931,000.0

986,000.0

886,000.0

891,000.0

879,000.0

931,000.0

986,000.0

886,000.0

891,000.0

879,000.0

38,000.0

-208,000.0

-389,000.0

-168,000.0

-408,000.0

0.0

-926,000.0

0.0

0.0

32,000.0

23,000.0

823,000.0

195,000.0

425,000.0

206,000.0

Net Income/Starting Line Depreciation Depreciation/Depletion Deferred Taxes Discontinued Operations Unusual Items Other Non-Cash Items

433,000.0

265,000.0

251,000.0

-

-

456,000.0

162,000.0

446,000.0

425,000.0

238,000.0

Accounts Receivable

-17,000.0

-39,000.0

-268,000.0

-200,000.0

65,000.0

Non-Cash Items Inventories

299,000.0

-151,000.0

-404,000.0

-149,000.0

-42,000.0

Other Assets

112,000.0

-516,000.0

242,000.0

-128,000.0

-10,000.0

Accounts Payable

126,000.0

29,000.0

241,000.0

256,000.0

74,000.0

-

-

-

-105,000.0

-33,000.0

111,000.0

985,000.0

93,000.0

-133,000.0

273,000.0

Other Assets & Liabilities, Net

-

-

-

-197,000.0

-432,000.0

Other Operating Cash Flow

-

-

-

168,000.0

228,000.0

631,000.0

308,000.0

-96,000.0

-488,000.0

123,000.0

5,084,000.0

4,141,000.0

3,571,000.0

3,720,000.0

3,464,000.0

-1,330,000.0

-1,367,000.0

-1,241,000.0

-1,169,000.0

-1,171,000.0

-1,330,000.0

-1,367,000.0

-1,241,000.0

-1,169,000.0

-1,171,000.0

0.0

-99,000.0

-7,437,000.0

0.0

0.0

Sale of Business

41,000.0

97,000.0

216,000.0

946,000.0

1,668,000.0

Other Investing Cash Flow

50,000.0

49,000.0

46,000.0

107,000.0

28,000.0

Taxes Payable Other Liabilities

Changes in Working Capital Cash from Operating Activities Purchase of Fixed Assets Capital Expenditures Acquisition of Business

Page 28

OneSource One-Stop Reports for Kraft Foods Inc. Other Investing Cash Flow Items, Total

91,000.0

47,000.0

-7,175,000.0

1,053,000.0

1,696,000.0

-1,239,000.0

-1,320,000.0

-8,416,000.0

-116,000.0

525,000.0

-10,000.0

72,000.0

-205,000.0

8,000.0

372,000.0

-10,000.0

72,000.0

-205,000.0

8,000.0

372,000.0

-1,712,000.0

-1,663,000.0

-1,638,000.0

-1,562,000.0

-1,437,000.0

-1,712,000.0

-1,663,000.0

-1,638,000.0

-1,562,000.0

-1,437,000.0

0.0

-777,000.0

-3,708,000.0

-1,254,000.0

-1,175,000.0

0.0

-777,000.0

-3,708,000.0

-1,254,000.0

-1,175,000.0

0.0

-777,000.0

-3,708,000.0

-1,254,000.0

-1,175,000.0

-446,000.0

-5,912,000.0

5,649,000.0

343,000.0

-1,005,000.0

3,000.0

7,018,000.0

6,495,000.0

69,000.0

69,000.0

-968,000.0

-795,000.0

-1,472,000.0

-1,324,000.0

-775,000.0

-965,000.0

6,223,000.0

5,023,000.0

-1,255,000.0

-706,000.0

Issuance (Retirement) of Debt, Net

-1,411,000.0

311,000.0

10,672,000.0

-912,000.0

-1,711,000.0

Cash from Financing Activities

-3,133,000.0

-2,057,000.0

5,121,000.0

-3,720,000.0

-3,951,000.0

Cash from Investing Activities Other Financing Cash Flow Financing Cash Flow Items Cash Dividends Paid - Common Total Cash Dividends Paid Repurchase/Retirement of Common Common Stock, Net Issuance (Retirement) of Stock, Net Short Term Debt, Net Long Term Debt Issued Long Term Debt Reduction Long Term Debt, Net

Foreign Exchange Effects Net Change in Cash

145,000.0

-87,000.0

52,000.0

39,000.0

-4,000.0

857,000.0

677,000.0

328,000.0

-77,000.0

34,000.0

Net Cash - Beginning Balance

1,244,000.0

567,000.0

239,000.0

316,000.0

282,000.0

Net Cash - Ending Balance

2,101,000.0

1,244,000.0

567,000.0

239,000.0

316,000.0

Cash Interest Paid

1,262,000.0

968,000.0

628,000.0

628,000.0

679,000.0

Cash Taxes Paid

1,025,000.0

964,000.0

1,366,000.0

1,560,000.0

1,957,000.0

© 1983-2010 Reuters Research Inc. All Rights Reserved. Published by OneSource Information Services, Inc., November, 2010.

Page 29

OneSource One-Stop Reports for Kraft Foods Inc.

Annual Income Statement

Kraft Foods Inc. Northfield, Illinois, United States, Tel: 847-646-2000, URL: http://www.kraftfoodscompany.com

Financials in: USD (000) Except for share items (millions) and per share items (actual units)

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

12 Months

12 Months

12 Months

12 Months

31-Dec-2005 12 Months

UpdateType/Date

Updated Normal 31-Dec-2009

Restated Normal 31-Dec-2009

Restated Normal 31-Dec-2009

Restated Normal 31-Dec-2008

Reclassified Normal 31-Dec-2006 USD

Filed Currency

USD

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

Pricewaterhouse Coopers LLP

Pricewaterhouse Coopers LLP

Pricewaterhouse Coopers LLP

Pricewaterhouse Coopers LLP

Pricewaterhouse Coopers LLP

Auditor Opinion

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

40,386,000.0

41,932,000.0

35,858,000.0

33,256,000.0

34,113,000.0

Total Revenue

Operating Revenue

40,386,000.0

41,932,000.0

35,858,000.0

33,256,000.0

34,113,000.0

Cost of sales

25,786,000.0

28,088,000.0

23,656,000.0

21,344,000.0

21,845,000.0

9,108,000.0

8,862,000.0

7,587,000.0

7,120,000.0

7,135,000.0

Marketing administration & research cos Asset impairment and exit costs

-64,000.0

1,024,000.0

440,000.0

424,000.0

-

Restructuring Costs

-

-

-

575,000.0

-

Sale of Factory

-

-

-

-

0.0

-

-

-

-251,000.0

-

-

-

-

-

479,000.0 -108,000.0

Gain on Redemption of United Biscuits Separation Program Losses on divestitures net Amort Intangibles Total Operating Expense Interest Expense Interest Income Interest, Net Net Income Before Taxes

6,000.0

92,000.0

-14,000.0

-117,000.0

26,000.0

23,000.0

13,000.0

7,000.0

10,000.0

34,862,000.0

38,089,000.0

31,682,000.0

29,102,000.0

29,361,000.0

-1,260,000.0

-1,272,000.0

-739,000.0

-609,000.0

-657,000.0

0.0

0.0

74,000.0

47,000.0

21,000.0

23,000.0

32,000.0

61,000.0

52,000.0

-

4,287,000.0

2,603,000.0

3,572,000.0

3,644,000.0

4,116,000.0

Provision for Income Taxes

1,259,000.0

755,000.0

1,080,000.0

816,000.0

1,209,000.0

Net Income After Taxes

3,028,000.0

1,848,000.0

2,492,000.0

2,828,000.0

2,907,000.0

Minority Interest Net Income Before Extra. Items Gain on divestiture of discontinued oper Discontinued Operations

-7,000.0

-9,000.0

-3,000.0

-

-3,000.0

3,021,000.0

1,839,000.0

2,489,000.0

2,828,000.0

2,904,000.0

0.0

-

-

-

-

0.0

1,045,000.0

232,000.0

232,000.0

-272,000.0

Net Income

3,021,000.0

2,884,000.0

2,721,000.0

3,060,000.0

2,632,000.0

Income Available to Com Excl ExtraOrd

3,021,000.0

1,839,000.0

2,489,000.0

2,828,000.0

2,904,000.0

Page 30

OneSource One-Stop Reports for Kraft Foods Inc.

Income Available to Com Incl ExtraOrd Basic Weighted Average Shares

3,021,000.0

2,884,000.0

2,721,000.0

3,060,000.0

2,632,000.0

1,478.0

1,505.0

1,591.0

1,643.0

1,684.0

Basic EPS Excluding ExtraOrdinary Items

2.04

1.22

1.56

1.72

1.72

Basic EPS Including ExtraOrdinary Item

2.04

1.92

1.71

1.86

1.56

3,021,000.0

2,884,000.0

2,721,000.0

3,060,000.0

2,632,000.0

Diluted Net Income Diluted Weighted Average Shares

1,486.0

1,515.0

1,600.0

1,655.0

1,693.0

Diluted EPS Excluding ExtraOrd Items

2.03

1.21

1.56

1.71

1.72

Diluted EPS Including ExtraOrd Items

2.03

1.90

1.70

1.85

1.55

DPS-Class A Common Stock

1.16

1.12

1.04

0.96

0.87

DPS-Class B Common Stock

1.16

1.12

1.04

0.96

0.87

Gross Dividends - Common Stock

1,715,000.0

1,676,000.0

1,643,000.0

1,587,000.0

1,471,000.0

4,144,000.0

4,708,000.0

4,457,000.0

4,526,000.0

4,487,000.0

1,217,004.0

1,365,555.0

1,347,581.0

1,013,506.0

1,317,974.0

Normalized Income After Taxes

2,926,996.0

3,342,445.0

3,109,419.0

3,512,494.0

3,169,026.0

Normalized Inc. Avail to Com.

2,919,996.0

3,333,445.0

3,106,419.0

3,512,494.0

3,166,026.0

Basic Normalized EPS

1.98

2.21

1.95

2.14

1.88

Diluted Normalized EPS

1.97

2.20

1.94

2.12

1.87

1,260,000.0

1,272,000.0

739,000.0

609,000.0

657,000.0

26,000.0

23,000.0

13,000.0

7,000.0

10,000.0

Rental Expense

505,000.0

505,000.0

433,000.0

416,000.0

436,000.0

Depreciation

905,000.0

963,000.0

873,000.0

884,000.0

869,000.0

1,648,000.0

1,639,000.0

1,471,000.0

1,308,000.0

1,314,000.0

Normalized Income Before Taxes Inc Tax Ex Impact of Sp Items

Interest Expense Amort of Intangibles

Advertising Expense Research & Development Expense

477,000.0

498,000.0

442,000.0

414,000.0

385,000.0

Pro Forma Stock Compensation Expense

-

-

-

-

7,000.0

Net Income after Stock Based Comp. Exp.

-

-

-

-

2,658,000.0

Basic EPS after Stock Based Comp. Exp.

-

-

-

-

1.56

Diluted EPS after Stock Based Comp. Exp.

-

-

-

-

1.55

425,000.0

392,000.0

649,000.0

509,000.0

876,000.0

95,000.0

62,000.0

175,000.0

77,000.0

115,000.0

701,000.0

507,000.0

649,000.0

398,000.0

466,000.0

1,221,000.0

961,000.0

1,473,000.0

984,000.0

1,457,000.0

Deferred Tax - Federal

108,000.0

-13,000.0

-270,000.0

-118,000.0

-210,000.0

Deferred Tax - Federal

-39,000.0

-21,000.0

-69,000.0

-35,000.0

-

Deferred Tax - Foreign

-31,000.0

-172,000.0

-54,000.0

-15,000.0

-38,000.0

Current Tax - Federal Current Tax - State Current Tax - Foreign Current Tax - Total

Deferred Tax - Total

38,000.0

-206,000.0

-393,000.0

-168,000.0

-248,000.0

Income Tax - Total

1,259,000.0

755,000.0

1,080,000.0

816,000.0

1,209,000.0

Operating income

5,524,000.0

3,843,000.0

4,176,000.0

4,154,000.0

4,752,000.0

Gross profit

14,600,000.0

13,844,000.0

12,202,000.0

11,912,000.0

12,268,000.0

Service Cost - U.S.

152,000.0

149,000.0

159,000.0

170,000.0

165,000.0

Interest Cost - U.S.

369,000.0

371,000.0

365,000.0

354,000.0

345,000.0

-486,000.0

-526,000.0

-523,000.0

-504,000.0

-507,000.0

160,000.0

85,000.0

138,000.0

198,000.0

166,000.0

6,000.0

7,000.0

5,000.0

5,000.0

4,000.0

Expected Return on Assets - U.S. Unrecognised Net Loss from Expe - U.S Prior Service Cost - U.S.

Page 31

OneSource One-Stop Reports for Kraft Foods Inc. Other, Net - U.S.

112,000.0

74,000.0

68,000.0

66,000.0

-

Workforce Reduction Programs - U.S.

-

-

-

-

10,000.0

Lump-Sum Payments - U.S.

-

-

-

-

73,000.0

Service Cost - Postemployment

8,000.0

6,000.0

4,000.0

4,000.0

7,000.0

Interest Cost - U.S.

8,000.0

7,000.0

6,000.0

4,000.0

-

Amort. of Unrecog. Gains Postemploymen

2,000.0

-2,000.0

-2,000.0

-7,000.0

-7,000.0

125,000.0

560,000.0

132,000.0

236,000.0

-

-

-

-

-

139,000.0

456,000.0

731,000.0

352,000.0

526,000.0

395,000.0

Other Expense - Postemployment Curtailments & Settle. Postemployment Domestic Pension Plan Expense Service Cost - Non-U.S.

67,000.0

91,000.0

101,000.0

95,000.0

80,000.0

Interest Cost - Non-U.S.

215,000.0

222,000.0

194,000.0

169,000.0

170,000.0

-242,000.0

-285,000.0

-251,000.0

-203,000.0

-190,000.0

23,000.0

31,000.0

66,000.0

73,000.0

47,000.0

Expected Return on Assets - Non-U.S. Unrecog. Net Loss from Expe - NonU.S. Prior Service Cost - Non-U.S.

6,000.0

7,000.0

9,000.0

8,000.0

8,000.0

Curtailments & Settlements - Non-U.S.

8,000.0

16,000.0

4,000.0

13,000.0

25,000.0

Foreign Pension Plan Expense

77,000.0

82,000.0

123,000.0

155,000.0

140,000.0

Service Cost - Post-Ret.Healthcare

35,000.0

44,000.0

46,000.0

50,000.0

48,000.0

Interest Cost - Post-Ret.Healthcare

174,000.0

183,000.0

177,000.0

174,000.0

170,000.0

Unrecog Net Loss from Expe - PostRet.He

44,000.0

55,000.0

58,000.0

78,000.0

61,000.0

-32,000.0

-28,000.0

-26,000.0

-28,000.0

-26,000.0

Prior Service Cost - PostRet.Healthcare Other - Post-Ret.Healthcare

0.0

0.0

5,000.0

-3,000.0

-

Post-Retirement Plan Expense

221,000.0

254,000.0

260,000.0

271,000.0

253,000.0

Defined Contribution Expense

94,000.0

93,000.0

83,000.0

-

94,000.0

Multi Employer plan

29,000.0

27,000.0

26,000.0

-

-

877,000.0

1,187,000.0

844,000.0

952,000.0

882,000.0

6.10%

6.30%

5.90%

5.60%

5.75%

0.0

0.0

0.0

0.0

0.0

Compensation Rate - U.S.

4.00%

4.00%

4.00%

4.00%

4.00%

Discount Rate - Non-U.S.

6.41%

5.44%

4.67%

4.40%

5.18%

Expected Rate of Return - Non-U.S.

7.25%

7.43%

7.53%

7.57%

7.82%

Compensation Rate - Non-U.S.

3.09%

3.13%

3.00%

3.11%

3.11%

Discount Rate - Post-Retirement (U.S.)

6.10%

6.10%

5.90%

5.60%

5.75%

Discount Rate - Post-Retirement (CAN)

7.60%

5.80%

5.00%

5.00%

5.75%

Total Pension Expense Discount Rate - U.S. Expected Rate of Return - U.S.

Annual Balance Sheet Financials in: USD (000)

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

31-Dec-2005

UpdateType/Date

Updated Normal 31-Dec-2009

Restated Normal 31-Dec-2009

Updated Normal 31-Dec-2007

Updated Normal 31-Dec-2006

Reclassified Normal 31-Dec-2006

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate

1

1

1

1

1

Auditor

Pricewaterhouse Coopers LLP

Pricewaterhouse Coopers LLP

Pricewaterhouse Coopers LLP

Pricewaterhouse Coopers LLP

Pricewaterhouse Coopers LLP

Auditor Opinion

Unqualified with

Unqualified with

Unqualified with

Unqualified with

Unqualified with

Page 32

OneSource One-Stop Reports for Kraft Foods Inc. Explanation

Explanation

Explanation

Explanation

Explanation

Cash/Equivalents

2,101,000.0

1,244,000.0

567,000.0

239,000.0

316,000.0

Gross Rcvbl.

5,318,000.0

4,833,000.0

5,291,000.0

3,953,000.0

3,477,000.0

-121,000.0

-129,000.0

-94,000.0

-84,000.0

-92,000.0

Raw Materials

1,410,000.0

1,568,000.0

1,697,000.0

1,389,000.0

1,363,000.0

Finished Product

2,365,000.0

2,313,000.0

2,541,000.0

2,117,000.0

1,980,000.0

-

-

-142,000.0

-

879,000.0

Doubtful Account

LIFO Reserve Deferred income taxes

730,000.0

804,000.0

575,000.0

387,000.0

Other current assets

651,000.0

828,000.0

302,000.0

253,000.0

230,000.0

Total Current Assets

12,454,000.0

11,461,000.0

10,737,000.0

8,254,000.0

8,153,000.0

Land/Improvement Buildings Machinery/Equip. Constr. in Prog. Depreciation Goodwill/Other Amortizable intangible assets Non-amortizable intangible assets Accumulated Intangible Amortization Prepaid Pension

492,000.0

462,000.0

454,000.0

389,000.0

388,000.0

4,231,000.0

3,913,000.0

4,121,000.0

3,657,000.0

3,551,000.0

13,872,000.0

12,590,000.0

13,750,000.0

12,164,000.0

12,008,000.0

828,000.0

850,000.0

879,000.0

840,000.0

651,000.0

-8,730,000.0

-7,898,000.0

-8,426,000.0

-7,357,000.0

-6,781,000.0

28,764,000.0

27,581,000.0

31,193,000.0

25,553,000.0

24,648,000.0

278,000.0

254,000.0

197,000.0

94,000.0

95,000.0

13,262,000.0

12,758,000.0

12,065,000.0

10,150,000.0

10,482,000.0

-111,000.0

-86,000.0

-62,000.0

-67,000.0

-61,000.0 3,617,000.0

115,000.0

56,000.0

1,648,000.0

1,168,000.0

1,259,000.0

1,232,000.0

1,437,000.0

729,000.0

877,000.0

66,714,000.0

63,173,000.0

67,993,000.0

55,574,000.0

57,628,000.0

ST Borrowings

453,000.0

897,000.0

7,385,000.0

1,715,000.0

805,000.0

Curt. Port. LTD

513,000.0

765,000.0

722,000.0

1,418,000.0

1,268,000.0

Other assets Total Assets

-

-

0.0

607,000.0

652,000.0

Other current liabilities

Due to Parent

3,403,000.0

3,255,000.0

-

-

-

Accounts Payable

3,766,000.0

3,373,000.0

4,065,000.0

2,602,000.0

2,270,000.0

Accrued marketing

2,181,000.0

1,803,000.0

1,833,000.0

1,626,000.0

1,529,000.0

Accrued employment costs

1,175,000.0

951,000.0

913,000.0

750,000.0

625,000.0

Accrued Other

-

-

1,654,000.0

1,559,000.0

1,338,000.0

Income Taxes

-

-

100,000.0

151,000.0

237,000.0

Dividends Payable

-

-

414,000.0

45,000.0

-

11,491,000.0

11,044,000.0

17,086,000.0

10,473,000.0

8,724,000.0

Total Current Liabilities

18,024,000.0

18,589,000.0

12,902,000.0

7,081,000.0

8,475,000.0

Total Long Term Debt

Long Term Debt

18,024,000.0

18,589,000.0

12,902,000.0

7,081,000.0

8,475,000.0

Accrued pension costs

1,765,000.0

2,367,000.0

810,000.0

1,022,000.0

1,226,000.0

Deferred Taxes

4,508,000.0

4,064,000.0

4,876,000.0

3,930,000.0

6,067,000.0

Postretirement

2,816,000.0

2,678,000.0

2,846,000.0

3,014,000.0

1,931,000.0

96,000.0

61,000.0

-

-

-

Other liabilities

2,138,000.0

2,075,000.0

2,178,000.0

1,499,000.0

1,612,000.0

Total Liabilities

40,838,000.0

40,878,000.0

40,698,000.0

27,019,000.0

28,035,000.0

Class A Common

-

-

0.0

0.0

0.0

Class B Common

-

-

0.0

0.0

0.0

Additional paid-in capital

23,611,000.0

23,563,000.0

23,445,000.0

23,626,000.0

23,835,000.0

Retained earnings

14,636,000.0

13,440,000.0

12,209,000.0

11,128,000.0

9,453,000.0

Treasury stock, at cost

-8,416,000.0

-8,714,000.0

-6,524,000.0

-3,130,000.0

-2,032,000.0

Accumulated other comprehensive

-3,955,000.0

-5,994,000.0

-1,835,000.0

-3,069,000.0

-1,663,000.0

Noncontrolling interest

Page 33

OneSource One-Stop Reports for Kraft Foods Inc. losses Total Equity

25,876,000.0

22,295,000.0

27,295,000.0

28,555,000.0

29,593,000.0

Total Liabilities & Shareholders' Equity

66,714,000.0

63,173,000.0

67,993,000.0

55,574,000.0

57,628,000.0

S/O-Class A Common Stock

1,477.9

1,469.3

1,533.8

456.0

489.9

S/O-Class B Common Stock

-

-

-

1,180.0

1,180.0

1,477.9

1,469.3

1,533.8

1,636.0

1,669.9

257.1

265.7

201.2

99.0

65.1

Total Common Shares Outstanding T/S-Class A Common Stock Accumulated Intangible Amortization

111,000.0

86,000.0

62,000.0

67,000.0

61,000.0

Full-Time Employees

97,000

98,000

103,000

90,000

94,000

Number of Common Shareholders

80,887

84,000

87,000

3,000

2,900

513,000.0

765,000.0

722,000.0

1,418,000.0

1,268,000.0

Long Term Debt Maturing within 2 Years

2,014,000.0

508,000.0

758,000.0

707,000.0

1,405,000.0

Long Term Debt Maturing Within 3 Year

4,373,000.0

2,208,000.0

506,000.0

755,000.0

707,000.0

Long Term Debt Maturing Within 4 Years

1,556,000.0

4,300,000.0

2,204,000.0

2,000.0

754,000.0

506,000.0

1,555,000.0

1,502,000.0

2,202,000.0

1,000.0

-

-

-

2,695,000.0

4,893,000.0

9,640,000.0

10,118,000.0

7,965,000.0

751,000.0

751,000.0

Long Term Debt Maturing Within 1 Year

Long Term Debt Maturing Within 5 Year Long Term Debt Maturing b/n 5 to 10 Year Long Term Debt - Remaining Maturities Total Long Term Debt, Supplemental

18,602,000.0

19,454,000.0

13,657,000.0

8,530,000.0

9,779,000.0

Capital LeaseMaturing within 1 Year

16,000.0

13,000.0

-

-

-

Capital Lease Maturing within 1-3 Years

26,000.0

20,000.0

-

-

-

Capital Lease Maturing within 3-5 Years

13,000.0

15,000.0

-

-

-

Capital Lease - Remaining Maturities

29,000.0

35,000.0

-

-

-

Total Capital Leases

84,000.0

83,000.0

-

-

-

Operating Lease due within 1 Year

306,000.0

250,000.0

256,000.0

244,000.0

260,000.0

Operating Lease due within 2 Years

243,000.0

193,000.0

189,000.0

202,000.0

219,000.0

Operating Lease due within 3 Years

185,000.0

142,000.0

140,000.0

147,000.0

166,000.0

Operating Lease due within 4 Years

103,000.0

91,000.0

109,000.0

107,000.0

117,000.0

Operating Lease due within 5 Years

76,000.0

49,000.0

84,000.0

90,000.0

81,000.0

212,000.0

71,000.0

82,000.0

140,000.0

153,000.0

Operating Lease due after 5 Years Total Operating Leases

1,125,000.0

796,000.0

860,000.0

930,000.0

996,000.0

Pension Obligation - U.S.

6,195,000.0

6,133,000.0

5,952,000.0

6,286,000.0

6,305,000.0

Plan Assets - U.S.

5,496,000.0

4,386,000.0

7,006,000.0

7,027,000.0

6,326,000.0

-699,000.0

-1,747,000.0

1,054,000.0

741,000.0

21,000.0

Pension Obligation - Non-U.S.

4,401,000.0

3,211,000.0

4,275,000.0

4,079,000.0

3,762,000.0

Plan Assets - Non-U.S.

3,397,000.0

2,618,000.0

4,041,000.0

3,466,000.0

2,764,000.0

-1,004,000.0

-593,000.0

-234,000.0

-613,000.0

-998,000.0

Accumulated Obligation - U.S.

4,166,000.0

5,464,000.0

5,349,000.0

5,584,000.0

5,580,000.0

Accumulated Obligation - Non-U.S.

3,478,000.0

1,664,000.0

3,979,000.0

3,784,000.0

3,494,000.0

Funded Status - U.S.

Funded Status - Non-U.S.

Projected Benefit Obligation - Post-Ret. Funded Status - Post-Ret. Health Accumulated Obligation - Post-Ret. Healt Proj. Ben. Obligation Postemployment Funded Status - Postemployment Accumulated Obligation Postemployment Total Funded Status

3,032,000.0

2,899,000.0

3,063,000.0

3,230,000.0

3,263,000.0

-3,032,000.0

-2,899,000.0

-3,063,000.0

-3,230,000.0

-3,263,000.0

3,032,000.0

2,899,000.0

3,063,000.0

3,230,000.0

3,263,000.0

546,000.0

560,000.0

254,000.0

238,000.0

254,000.0

-546,000.0

-560,000.0

-254,000.0

-238,000.0

-254,000.0

546,000.0

560,000.0

254,000.0

238,000.0

254,000.0

-5,281,000.0

-5,799,000.0

-2,497,000.0

-3,340,000.0

-4,494,000.0

Page 34

OneSource One-Stop Reports for Kraft Foods Inc. Discount Rate - U.S.

5.93%

6.10%

6.30%

5.90%

5.60%

Compensation Rate - U.S.

4.00%

4.00%

4.00%

4.00%

4.00%

Expected Rate of Return - U.S.

8.00%

8.00%

-

-

-

Discount Rate - Non-U.S.

5.21%

6.41%

5.44%

4.67%

4.44%

Compensation Rate - Non-U.S.

3.08%

3.09%

3.13%

3.00%

3.11%

Expected Rate of Return - Non - U.S.

7.26%

7.25%

-

-

-

Discount Rate - Post-Ret. Health - U.S.

5.70%

6.10%

6.10%

5.90%

5.60%

Discount Rate - Post-Ret. Health - CAN

5.25%

7.60%

5.80%

5.00%

5.00%

Prepaid Benefits - U.S./Non-U.S.

115,000.0

56,000.0

1,648,000.0

0.0

2,717,000.0

Accrued Liabilities - U.S./Non-U.S.

-53,000.0

-29,000.0

-18,000.0

-

-

-1,765,000.0

-2,367,000.0

-810,000.0

-

-

Accrued Liabilities - Non-U.S.

-

-

-

0.0

-332,000.0

Accrued Liabilities - Post-Ret. Health

-

-

-

0.0

-2,139,000.0

Accrued Liabilities - Postemployment

-

-

-

0.0

-300,000.0

AOCI-Net Actuarial Loss - U.S./Non U.S.

-

-

-

-2,864,000.0

-

AOCI-Prior Service Cost - U.S./Non U.S.

-

-

-

-89,000.0

-

AOCI-Transition Obligation - US/Non US

-

-

-

-4,000.0

-

AOCI-Net Actuarial Loss-Post-Ret. Health

-

-

-

-1,166,000.0

-

AOCI-Prior Service Cost-Post-Ret. Health

-

-

-

143,000.0

-

AOCI-Net Actuarial Loss-Other PostRet.

-

-

-

65,000.0

-

-1,703,000.0

-2,340,000.0

820,000.0

-3,915,000.0

-54,000.0

Equity % - U.S.

68.00%

65.00%

70.00%

72.00%

74.00%

Debt Securities % - U.S.

28.00%

35.00%

30.00%

28.00%

25.00%

Real Estate % - U.S.

0.00%

0.00%

0.00%

0.00%

0.00%

Other % - U.S.

4.00%

0.00%

0.00%

0.00%

1.00%

Equity % - Non-U.S.

50.00%

45.00%

56.00%

57.00%

60.00%

Debt Securities % - Non-U.S.

Accrued Pension Cost - U.S./Non-U.S.

Net Assets Recognized on Balance Sheet

43.00%

45.00%

38.00%

35.00%

34.00%

Real Estate % - Non-U.S.

4.00%

4.00%

3.00%

3.00%

3.00%

Other % - Non-U.S.

3.00%

6.00%

3.00%

5.00%

3.00%

Annual Cash Flows Financials in: USD (000)

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

31-Dec-2005

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 31-Dec-2009

Reclassified Normal 31-Dec-2009

Reclassified Normal 31-Dec-2009

Updated Normal 31-Dec-2006

Updated Normal 31-Dec-2005

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

Pricewaterhouse Coopers LLP

Pricewaterhouse Coopers LLP

Pricewaterhouse Coopers LLP

Pricewaterhouse Coopers LLP

Pricewaterhouse Coopers LLP

Auditor Opinion

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

Page 35

OneSource One-Stop Reports for Kraft Foods Inc. Net Income

3,028,000.0

2,893,000.0

2,724,000.0

3,060,000.0

2,632,000.0

Depreciation

931,000.0

986,000.0

886,000.0

891,000.0

879,000.0

Stock based compensation expense

164,000.0

178,000.0

136,000.0

-

-

-

-

-

-251,000.0

-

38,000.0

-208,000.0

-389,000.0

-168,000.0

-408,000.0

6,000.0

92,000.0

-14,000.0

-117,000.0

-108,000.0

-

-

-

-

0.0

0.0

-926,000.0

0.0

0.0

32,000.0 -1,000.0

Gain on redemption of United Biscuits in Deferred income tax provision / (benefit Sale of Businesses Impairment-Discontinued Ops. Gain on discontinued operations (Note 2) Sale of Factory Other non-cash expense, net Asset Impairment

-

-

-

0.0

269,000.0

87,000.0

115,000.0

-

-

17,000.0

731,000.0

209,000.0

793,000.0

315,000.0

Receivables, Net

-17,000.0

-39,000.0

-268,000.0

-200,000.0

65,000.0

Inventories, net

299,000.0

-151,000.0

-404,000.0

-149,000.0

-42,000.0

Accounts Payable

126,000.0

29,000.0

241,000.0

256,000.0

74,000.0

-

-

-

-105,000.0

-33,000.0

Income Taxes Working Capital

-

-

-

-197,000.0

-432,000.0

-239,000.0

19,000.0

81,000.0

-128,000.0

-10,000.0

Other current liabilities

111,000.0

985,000.0

186,000.0

-

-

Other current assets

351,000.0

-535,000.0

161,000.0

-

-

0.0

0.0

-93,000.0

-133,000.0

273,000.0

-

-

-

168,000.0

228,000.0

5,084,000.0

4,141,000.0

3,571,000.0

3,720,000.0

3,464,000.0

Pension Assets

Amounts due to Altria Group, Inc. and af Other Cash from Operating Activities Purch. Oth. Business Sale of Businesses Capital Expenditures Other Cash from Investing Activities ST Borrowings LTD Proceeds LTD Repayment Decrease in amounts due to Altria Group, Repurch. Common Dividends Paid Other Cash from Financing Activities Foreign Exchange Effects Net Change in Cash

0.0

-99,000.0

-7,437,000.0

0.0

0.0

41,000.0

97,000.0

216,000.0

946,000.0

1,668,000.0

-1,330,000.0

-1,367,000.0

-1,241,000.0

-1,169,000.0

-1,171,000.0

50,000.0

49,000.0

46,000.0

107,000.0

28,000.0

-1,239,000.0

-1,320,000.0

-8,416,000.0

-116,000.0

525,000.0

-446,000.0

-5,912,000.0

5,649,000.0

343,000.0

-1,005,000.0

3,000.0

7,018,000.0

6,495,000.0

69,000.0

69,000.0

-968,000.0

-795,000.0

-1,472,000.0

-1,324,000.0

-775,000.0

0.0

0.0

-149,000.0

62,000.0

107,000.0

0.0

-777,000.0

-3,708,000.0

-1,254,000.0

-1,175,000.0

-1,712,000.0

-1,663,000.0

-1,638,000.0

-1,562,000.0

-1,437,000.0

-10,000.0

72,000.0

-56,000.0

-54,000.0

265,000.0

-3,133,000.0

-2,057,000.0

5,121,000.0

-3,720,000.0

-3,951,000.0

145,000.0

-87,000.0

52,000.0

39,000.0

-4,000.0

857,000.0

677,000.0

328,000.0

-77,000.0

34,000.0

Net Cash - Beginning Balance

1,244,000.0

567,000.0

239,000.0

316,000.0

282,000.0

Net Cash - Ending Balance

2,101,000.0

1,244,000.0

567,000.0

239,000.0

316,000.0

Cash Interest Paid

1,262,000.0

968,000.0

628,000.0

628,000.0

679,000.0

Cash Taxes Paid

1,025,000.0

964,000.0

1,366,000.0

1,560,000.0

1,957,000.0

© 1983-2010 Reuters Research Inc. All Rights Reserved. Published by OneSource Information Services, Inc., November, 2010.

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OneSource One-Stop Reports for Kraft Foods Inc.

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OneSource One-Stop Reports for Kraft Foods Inc.

Financial Health

Kraft Foods Inc. Northfield, Illinois, United States, Tel: 847-646-2000, URL: http://www.kraftfoodscompany.com

Financials in: USD (000) Except for share items (millions) and per share items (actual units)

Key Indicators USD (000)

Total Revenue (?)

Quarter Ending 30-Jun-2010 12,253,000.0

Operating Income (?) Income Available to Common Excl Extraord Items (?) Basic EPS Excl Extraord Items (?) Capital Expenditures (?)

Quarter Annual Ending Year End Yr Ago 31-Dec-2009 25.27% 40,386,000.0

1 Year Growth -3.69%

3 Year Growth 6.69%

5 Year Growth 4.66%

1,701,000.0

16.83%

5,524,000.0

43.74%

9.97%

3.67%

937,000.0

20.28%

3,021,000.0

64.27%

2.22%

2.51%

0.54

1.76%

2.04

67.28%

5.90%

5.53%

608,000.0

28.27%

1,330,000.0

-2.71%

4.39%

5.74%

779,000.0

-54.71%

5,084,000.0

22.77%

10.97%

4.87%

171,000.0

-86.28%

3,754,000.0

35.33%

13.74%

4.57%

Total Assets (?)

91,590,000.0

41.66%

66,714,000.0

5.61%

6.28%

2.17%

Total Liabilities (?)

58,291,000.0

44.43%

40,838,000.0

-0.10%

14.76%

6.35%

Total Long Term Debt (?)

29,103,000.0

56.38%

18,024,000.0

-3.04%

36.54%

13.14%

-

-

97000

-1.02%

2.53%

-0.20%

1,743.8

18.23%

1,477.9

0.58%

-3.33%

-2.82%

48,826,680.0

30.64%

40,168,911.6

1.82%

-11.73%

-7.93%

Cash from Operating Activities (?) Free Cash Flow (?)

Employees (?) Total Common Shares Outstanding (?) Market Cap (?) Key Ratios

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

31-Dec-2005

Profitability Gross Margin (?)

36.15%

33.02%

34.03%

35.82%

35.96%

Operating Margin (?)

13.68%

9.16%

11.65%

12.49%

13.93%

Pretax Margin (?)

10.62%

6.21%

9.96%

10.96%

12.07%

7.48%

4.39%

6.94%

8.50%

8.51%

Current Ratio (?)

1.08

1.04

0.63

0.79

0.93

Long Term Debt/Equity (?)

0.70

0.83

0.47

0.25

0.29

Total Debt/Equity (?)

0.73

0.91

0.77

0.36

0.36

Return on Assets (?)

4.66%

2.82%

4.03%

5.00%

4.95%

Return on Equity (?)

12.54%

7.42%

8.91%

9.73%

9.76%

Receivables Turnover (?)

8.16

8.47

7.91

9.17

9.85

Inventory Turnover (?)

6.74

7.04

6.22

6.23

6.43

Asset Turnover (?)

0.62

0.64

0.58

0.59

0.58

Net Profit Margin (?) Financial Strength

Management Effectiveness

Efficiency

Market Valuation USD (000) P/E (TTM) (?)

. Enterprise Value (?)

18.61

Price/Sales (TTM) (?)

1.25

. Enterprise Value/Revenue (TTM) (?)

Price/Book (MRQ) (?)

1.67

. Enterprise Value/EBITDA (TTM) (?)

Market Cap as of 22-Oct-2010 (?)

55,635,440.0

.

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82,871,450.0 1.87 12.19

OneSource One-Stop Reports for Kraft Foods Inc.

© 1983-2010 Reuters Research Inc. All Rights Reserved. Published by OneSource Information Services, Inc., November, 2010.

Page 39

OneSource One-Stop Reports for Kraft Foods Inc.

Ratio Comparisons

Kraft Foods Inc. Northfield, Illinois, United States, Tel: 847-646-2000, URL: http://www.kraftfoodscompany.com

Traded: New York Stock Exchange: KFT Industry: Food Processing Sector: Consumer/Non-Cyclical

Financials in: USD (actual units) As of 22-Oct-2010

Company

Industry

Sector

S&P 500

Valuation Ratios P/E Excluding Extraordinary (TTM) (?) P/E High Excluding Extraordinary Last 5 Yrs (?) P/E Low Excluding Extraordinary - Last 5 Yrs (?) Beta (?)

18.61

23.05

18.86

19.11

22.53

28.49

29.09

33.84

14.49

12.75

13.26

10.48

0.56

0.52

0.65

1.00

Price/Revenue (TTM) (?)

1.25

1.77

2.59

2.49

Price/Book (MRQ) (?)

1.67

4.70

6.95

3.69

-

9.43

10.18

5.50

Price to Cash Flow Per Share (TTM) (?)

14.29

16.16

15.29

13.29

Price to Free Cash Flow Per Share (TTM) (?)

83.54

39.22

33.11

24.66

3.65%

2.86%

3.11%

2.41%

1.03

2.63

2.66

2.02

Price to Tangible Book (MRQ) (?)

Dividends Dividend Yield (?) Dividend Per Share - 5 Yr Avg (?) Dividend 5 Yr Growth (?)

8.54%

4.76%

8.18%

4.68%

74.39%

42.97%

45.49%

26.20%

Revenue (MRQ) vs Qtr 1 Yr Ago (?)

25.27%

7.90%

8.66%

16.48%

Revenue (TTM) vs TTM 1 Yr Ago (?)

8.52%

Payout Ratio (TTM) (?) Growth Rates (%)

11.44%

-1.31%

4.43%

Revenue 5 Yr Growth (?)

4.66%

6.63%

5.70%

9.64%

EPS (MRQ) vs Qtr 1 Yr Ago (?)

1.88%

8.94%

10.02%

20.66%

EPS (TTM) vs TTM 1 Yr Ago (?)

27.68%

25.26%

23.82%

24.12%

EPS 5 Yr Growth (?)

5.48%

7.31%

7.03%

10.67%

Capital Spending 5 Yr Growth (?)

5.74%

6.29%

6.09%

4.99%

Quick Ratio (MRQ) (?)

0.73

0.75

0.71

1.26

Current Ratio (MRQ) (?)

1.11

1.50

1.38

1.81

LT Debt/Equity (MRQ) (?)

0.87

0.99

1.03

0.64

Total Debt/Equity (MRQ) (?)

0.90

1.17

1.27

0.74

Interest Coverage (TTM) (?)

3.28

12.09

15.48

13.56

Gross Margin (TTM) (?)

37.06%

33.61%

44.54%

44.76%

Gross Margin - 5 Yr Avg (?)

34.94%

32.09%

44.35%

44.86%

EBITD Margin (TTM) (?)

15.32%

14.62%

20.23%

24.19%

EBITD Margin - 5 Yr Avg (?)

14.43%

13.80%

19.39%

22.91%

Operating Margin (TTM) (?)

12.68%

12.26%

17.68%

19.84%

Operating Margin - 5 Yr Avg (?)

Financial Strength

Profitability Ratios (%)

12.10%

11.41%

17.05%

18.21%

Pretax Margin (TTM) (?)

8.84%

10.62%

16.84%

17.46%

Pretax Margin - 5 Yr Avg (?)

9.82%

9.85%

16.77%

17.21%

Net Profit Margin (TTM) (?)

6.14%

7.23%

13.11%

13.47%

Page 40

OneSource One-Stop Reports for Kraft Foods Inc. Net Profit Margin - 5 Yr Avg (?)

7.06%

6.69%

12.36%

12.09%

Effective Tax Rate (TTM) (?)

30.56%

31.14%

27.93%

28.24%

Effective Tax rate - 5 Yr Avg (?)

28.09%

32.25%

29.40%

30.17%

Return on Assets (TTM) (?)

3.49%

6.67%

10.59%

8.41%

Return on Assets - 5 Yr Avg (?)

4.26%

7.25%

11.62%

8.48%

Return on Investment (TTM) (?)

4.13%

7.54%

11.32%

9.80%

Return on Investment - 5 Yr Avg (?)

5.24%

9.52%

14.86%

11.05%

Return on Equity (TTM) (?)

9.41%

21.15%

27.83%

19.29%

Return on Equity - 5 Yr Avg (?)

9.64%

22.20%

28.77%

20.32%

Management Effectiveness (%)

Efficiency Revenue/Employee (TTM) (?)

457,721.70

546,591.64

608,127.41

893,080.09

Net Income/Employee (TTM) (?)

28,092.78

35,243.59

77,141.93

115,942.77

Receivables Turnover (TTM) (?)

8.66

10.25

12.43

11.30

Inventory Turnover (TTM) (?)

6.09

6.31

7.43

13.49

Asset Turnover (TTM) (?)

0.57

1.03

0.96

0.92

© 1983-2010 Reuters Research Inc. All Rights Reserved. Published by OneSource Information Services, Inc., November, 2010.

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OneSource One-Stop Reports for Kraft Foods Inc.

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