Remuneration Report

The Remuneration Report describes the fundamental principles of the remuneration system for the governing bodies at Barry Callebaut as well as the governance framework related to remuneration decisions. The report provides details on the remuneration of the members
of the Board of Directors and the Executive Committee related to fiscal year 2015/16. Shareholdings of the members of the Board of Directors and the Executive Committee
are also disclosed (reproduction of note 3.5 to the Financial Statements of Barry Callebaut AG).

The Remuneration Report is written in accordance with the “Ordinance against Excessive Compensation in listed Companies (OaEC)”, the Art. 663c paragraph 3 of the Swiss Code of Obligations and the Corporate Governance Directive issued by SIX Exchange Regulation.