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Barry Callebaut plans to acquire Carma-Pfister AG, the leading Swiss specialty chocolate manufacturer

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January 18, 1999

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Zürich/Dübendorf, January 18, 1999. Barry Callebaut and Carma-Pfister announce
today the signing of a take-over agreement. Both parties have agreed on a due
diligence process and expect to conclude the transaction on March 1, 1999.

Barry Callebaut is the world leader in specialty chocolate and cocoa with annual
sales of CHF 2,2 billion. Carma-Pfister AG, with sales of CHF 60 million, is the
Swiss leader in specialty chocolate with an extensive range of products, comprising
chocolate couverture, cocoa and decoration items, instant desserts, dessert
toppings and fruitsauces. Both companies complement each other very well. Carma-
Pfister AG will be the world manufacturer of Swiss chocolate for the Barry Callebaut
Group and will also act as a support for the sales of the Barry Callebaut chocolate
and cocoa products in Switzerland.

Barry Callebaut will establish its worldwide Barry Callebaut Institute for the
"Gourmet" business at Carma-Pfister AG in Dübendorf.

Pierre Vermaut, Chairman of the Board of Directors of Barry Callebaut AG,
comments: "With this acquisition, we can enlarge our product offering of specialty
chocolate and cocoa globally. We so far missed Swiss taste and products in our
range. Many Swiss chef cooks, pastry cooks and confiseurs all over the world will
welcome this move. We are also happy to have now an excellent distribution power
in the Swiss market for our world products. It is an exciting moment to welcome
Carma-Pfister's associates as colleagues in the Barry Callebaut family to enhance
our global expansion."


For further information:

Pierre Vermaut
Chairman of the Board of Directors
Barry Callebaut AG
Phone ++ 33 1 30 22 84 00
Fax ++ 33 1 30 22 87 87
Barry Callebaut Homepage:
www.barry-callebaut.com

Peter Bachmann
Chairman of the Board of Directors
Indawisa Holding AG
Phone ++41 (0)52 369 60 69
Fax ++41 (0)52 369 60 68