No threat of collective resignation of the Nestlé Board of Directors

   
To Press Releases listVevey,Apr 11, 2005

Following speculations and interpretations published by the Swiss Sunday press, Nestlé S.A. and its Board of Directors wish to underline that there is no threat of collective resignation of the Board.

The Board made its position clear in relation to proposals made by a group of shareholders entitled to add points to the agenda, one of which would prevent the same person simultaneously holding the position of Chairman of the Board and CEO. The Board is opposed to these proposals and explained its objections exhaustively when inviting shareholders to the 14 April 2005 General Meeting. The Board considers that such a proposal would constitute a serious limitation to its freedom of action on a point of strategic importance.

Nestlé respects the right of its shareholders to make up their own minds and has no intention of influencing them by making threats.

Related Link:
138th Ordinary General Meeting

Contacts:
Media: François-Xavier Perroud Tel.: +41-21-924 2596
Investors: Roddy Child-Villiers Tel.: +41-21-924 3622