Proposal by the Nomination Committee regarding the Board of Directors of Cloetta AB

Cloetta’s Nomination Committee has informed the company of its proposal
regarding new Board of Directors.
The Nomination Committee proposes that the Board of Directors shall consist of
seven directors, which is one more than currently. The Nomination Committee
proposes re-election of the current directors Adriaan Nühn, Lottie Knutson,
Mikael Svenfelt and Mikael Norman. Caroline Sundewall and Olof Svenfelt have
declined re-election.

Furthermore, the Nomination Committee proposes that Lilian Fossum Biner, Camilla
Svenfelt and Hans Porat are elected as new directors. Lilian Fossum Biner is
proposed to be elected as Chairman of the Board of Directors.

”We are very happy to be able to propose Lilian Fossum Biner to be elected
Chairman of the Board of Directors of Cloetta. She knows Cloetta very well and
has extensive experience from consumer goods companies”, says Christer Wagenius,
Chairman of the Nomination Committee.

Lilian Fossum Biner was a member of the Board of Directors of Cloetta AB during
2013-2014. She is a board member of Oriflame Cosmetics, Thule Group, Nobia, LE
Lundbergföretagen, a-connect and Givaudan. She has worked at Electrolux and Axel
Johnson. Lilian Fossum Biner, born 1962, has a BSc from Stockholm School of
Economics.

Hans Porat has been President and CEO of Nolato AB during 2008-2016. He has a
long experience from leading positions in ABB, Trelleborg and Gadelius. He is a
board member of Nolato, Lindab and Autoropa. Hans Porat, born 1955, has an MSc
(metallurgy) from the Royal Institute of Technology (KTH) in Stockholm.

Camilla Svenfelt is a board member of AB Malfors Promotor and a deputy board
member of the Hjalmar Svenfelt Foundation. She works as an accountant at AB
Malfors Promotor. Camilla Svenfelt, born 1981, has a B.A. from the Stockholm
University.

”During my years as Chairman, Cloetta has established itself as a solid stock
market company with many new shareholders. We have also recruited a new CEO
internally when the predecessor decided to leave. This has happened while at the
same time profitability has increased and we now again are able to propose a
dividend to the shareholders”, says Caroline Sundewall, Chairman of the Board of
Directors.

Information on the composition of the Nomination Committee of Cloetta is
available on Cloetta’s website www.cloetta.com

The Annual General Meeting will be held on Tuesday, 12 April 2016 in Stockholm.

The information contained in this press release is such that Cloetta is required
to disclose pursuant to the Swedish Financial Instruments Trading Act and/or the
Swedish Securities Markets Act. The information was submitted for publication on
18 February 2016 at 08.00 a.m. CET.
Media contact
Jacob Broberg, SVP Corporate Communications & Investor Relations, 46 70 190 00
33.
About Cloetta
Cloetta, founded in 1862, is a leading confectionary company in the Nordic
region, the Netherlands, and Italy. In total, Cloetta products are sold in more
than 50 countries worldwide. Cloetta owns some of the strongest brands on the
market, such as Läkerol, Cloetta, Jenkki, Kexchoklad, Malaco, Sportlife, Saila,
Red Band and Sperlari. Cloetta has 13 production units in six countries.
Cloetta’s class B-shares are traded on Nasdaq Stockholm. More information about
Cloetta is available on www.cloetta.com