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2015-04-16

Nestlé Annual General Meeting: Strong support from shareholders for Board proposals - Ruth Khasaya Oniang'o, Patrick Aebischer and Renato Fassbind new members

Nestlé S.A. / Nestlé Annual General Meeting: Strong support from shareholders
for Boardproposals - Ruth Khasaya Oniang'o, Patrick Aebischer and Renato
Fassbind new members of the Board. Processed and transmitted by NASDAQ OMX
Corporate Solutions. The issuer is solely responsible for the content of this
announcement.
This press release is also available inFrench (pdf)andGerman (pdf)

............

Vevey, 16 April 2015 - 2,446 shareholders attended the Nestlé S.A. Annual
General Meeting today in Lausanne. They represented 52.7 percent of the
capital and 73.5 percent of the shares entitled to vote. The annual report
and the accounts were approved and the shareholders agreed to the discharge
of the Board of Directors and the Management. The shareholders further
approved the proposed dividend of CHF 2.20 per share.

All proposals of the Board of Directors were approved with strong majorities.

In line with legal requirements for listed Swiss companies, the shareholders
elected each member of the Board of Directors individually, for a term of
office until the end of the next Annual General Meeting. Titia de Lange and
Rolf Hänggi were not standing for re-election. The Board thanked them for
their highly appreciated services provided to Nestlé. Shareholders elected
Ruth Khasaya Oniang'o, Patrick Aebischer and Renato Fassbind as new members
of the Board of Directors.

The shareholders elected Peter Brabeck-Letmathe as Chairman of the Board of
Directors and elected each member of the Compensation Committee individually.

In line with the new Swiss corporate law, the shareholders approved
prospectively the total compensation of the Board of Directors and the
Executive Board in binding votes. They also accepted the Nestlé Compensation
Report 2014 in a separate advisory vote.

Furthermore, the shareholders approved the cancellation of 36,400,000 shares
repurchased under Nestlé's ongoing share buy-back programme, and the
reduction of the share capital to CHF 318,840,000.

In his address to the meeting, Nestlé Chairman Peter Brabeck-Letmathe
highlighted the legal insecurity resulting from various Swiss political
decisions. In particular, he mentioned the new Swiss company law proposal
which includes yet again a new compensation regulation, a quota of women for
executive boards and a special procedural law for the economy. He concluded:
"Given the challenges that the country is currently facing, it is all the
more unsettling that this is all happening in an area in which Switzerland is
doing rather well. It is high time it was ensured that all new legislation is
in fact necessary, meaning there should be checks as to whether there is an
urgent need for regulation and that it is proportionate, or in other words:
whether it stands up to a detailed cost-benefit analysis. [. . .] What we
need is a political and legal environment in Switzerland that guarantees our
company a stable framework. In the past, this was always one of the major
assets of this country and we should do everything we can to preserve it."

Turning to the impact of the Swiss National Bank's decision toend its capping
of theSwiss franc against
theeuro
on Switzerland's competitiveness, Mr Brabeck-Letmathe stressed that he was "in
full agreement with the Swiss National Bank: a minimum rate set by a central
bank and not by the market is not consistent with a leading global economy,
and the economic reality clearly showed that it was unsustainable." He added:
"The operational consequences for Nestlé as a group are certainly less
disruptive than for other Swiss companies. Approximately 90% of our global
production is sold locally. [. . .] In contrast, the effects of adjusting
the exchange rate have an immediate and significant impact on exports of
products made in our Swiss factories, as well as on local structural costs.
These include the regional structures and global headquarters of our
subsidiaries established in Switzerland, as well as the Headquarters of the
Group. Measures to increase productivity and thus ensure competitiveness are
all the more necessary."

After reviewing the Group's 2014 results, Nestlé CEO Paul Bulcke underlined
the company's ambition to be the recognised leader in nutrition, health and
wellness: "In 2014, we continued to take decisive steps in furthering our
ambition to enhance the quality of people's lives through nutrition, health
and wellness with science-based innovation and renovation."

Furthermore, he underlined Nestlé's drive to ensure the company is organized
efficiently and effectively: "An optimised organisation enables us to free
up resources to support our growth, today and tomorrow. And this is exactly
why we have set upNestlé Business Excellence
in 2014. [It will] bring speed and agility to all our support functions and
allow our markets to concentrate on their commercial activities."

He concluded: "We have the strategies, we have the structures and above all,
we have the people. Their commitment, their perseverance and their
disciplined alignment behind our strategy ensure that we achieve our common
goal: to continue to make Nestlé the world's leading nutrition, health and
wellness company."

For the year to come, the Board and its different Committees will be composed
as follows:

Board of Directors
Peter Brabeck-Letmathe, Paul Bulcke, Andreas Koopmann, Beat Hess, Daniel
Borel, Steven G. Hoch, Naïna Lal Kidwai, Jean-Pierre Roth, Ann M. Veneman,
Henri de Castries, Eva Cheng, Ruth Khasaya Oniang'o, Patrick Aebischer,
Renato Fassbind

Chairman's and Corporate Governance Committee
Peter Brabeck-Letmathe, Paul Bulcke, Andreas Koopmann, Beat Hess, Renato
Fassbind

Compensation Committee
Beat Hess, Daniel Borel, Andreas Koopmann, Jean-Pierre Roth

Nomination Committee
Andreas Koopmann, Peter Brabeck-Letmathe, Steven G. Hoch, Ann M. Veneman

Audit Committee
Renato Fassbind, Naïna Lal Kidwai, Henri de Castries, Eva Cheng

The Chairman's and the CEO's addresses to the AGM can be found on theNestlé
corporate website.

For more information about Nestlé in Society, see our newCreating Shared Value
report.

Contacts

Media: Robin Tickle Tel.: +41 21 924 22 00
Investors: Steffen Kindler Tel.: +41 21 924 35 09

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nestlé S.A. via Globenewswire

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