Nestlé to submit modernised Articles of Association to the 2008 Annual General Meeting

At the April 2006 Annual General Meeting, over 98% of represented shareholders decided to give Nestlé’s Board of Directors a mandate to modernise the company’s Articles of Association. This decision was subsequently contested by an individual shareholder before the Vevey District Court. On 21 March 2007, this Court upheld the will of the vast majority of shareholders represented at the 2006 Annual General Meeting. As the deadline for appeal has since expired, the judgement is now definitive.

Nestlé remains convinced that modernising the Articles of Association is in the best interest of all shareholders. The Board will therefore continue its work with the aim of submitting updated Articles of Association to shareholders at the next Annual General Meeting in Lausanne on 10 April 2008.