Cloetta gives notice to 17 factory workers in Ljungsbro

Cloetta gives notice to 17 factory workers in Ljungsbro

Cloetta has today given notice of termination to 17 employees at its
factory in Ljungsbro. The job cuts refer to employees in production and
are a response to Fazer's decision to transfer production of certain
products that are currently manufactured in Ljungsbro to Finland and the
effects of completed equipment investments.

Following negotiations we have agreed on a need to downsize the staff by
17 jobs compared to the 28 jobs that were announced earlier in
September. The results of the negotiations provide scope and opportunity
for ongoing skills development in production. In order to invest further
in this development, we will also appoint two new employees to work with
training and competence management.

“A major focus on skills development that has among other things
resulted in greater flexibility, coupled with a strong belief in
continued positive sales growth for the rest of Cloetta's product range,
has led to a lower need for workforce reductions than was estimated at
the time of original announcement,” says Cloetta's Managing Director and
CEO Curt Petri.

“At the same time that we naturally regret having to take action of this
type, we are launching targeted career readjustment measures together
with Arbetslivsresurs in Linköping. We will start information and
different types of individual efforts already tomorrow,” concludes Curt
Petri.

The information in this press release is subject to the disclosure
requirements of Cloetta AB (publ) pursuant to the Swedish Securities
Market Act. The information was submitted for publication on 14
September 2010, 14.50 p.m. CET.

For additional information contact

Curt Petri, Managing Director and CEO, mobile +46 70-593 2169, Factory
Manager Karin Svärdh, mobile +46-527 47 27 or Christina Björck, Human
Resources and Communications Director, mobile, +46 70-544 88 78.