Important Information for ADR Holders

Ebro Foods, S.A. (“Company“) encourages anyone interested in buying or selling its securities to do so on the Madrid Stock Exchange, which is where its securities are listed and primarily trades.

Company´s disclosures are not intended to facilitate trades in and should not be relied on for decisions to trade, unsponsored American Depository Receipts (“ADRs“).

The Company does not participate in, support, encourage or otherwise consent to the creation of any unsponsored ADR programs or the issuance or trading of any ADRs issued thereunder in respect of its securities and disclaims any liability whatsoever arising out of any unsponsored ADR program or issuance or trading of any such ADRs.

The Company does not represent to any ADR holder, depository institution, bank, or any or any other entities or individuals nor should any such entity or individuals form or rely on the belief that (i) Company has any reporting obligations within the meaning of the U.S. Securities Exchange Act of 1934 (“Exchange Act”) or (ii) the website of the Company currently contains or will contain on an ongoing basis all information necessary for Company to maintain an exemption from registering its common stock under the Exchange Act pursuant to Rule 12g3-2(b) thereunder. The website of the Company is not intended in any way to offer or to promote the offer or sale of the securities of the Company in the United States or to US persons.

To the maximum extent permitted by applicable law, the Company and its subsidiaries and affiliates (together with Company, the “Ebro Group”) disclaim any responsibility or liability to ADR holders, banks, depositary institutions, or any other entities or individuals in connection with any unsponsored ADRs representing its securities.

The above disclaimers apply with equal force to the securities of any of the Ebro Group which are or may in the future be the subject of unsponsored ADR programs.