Packaging

Kraft Foods Responds to Settlement Agreement with P&G

Friday 16. January 2009 - Kraft Foods Global, Inc. (NYSE:KFT) and The Procter & Gamble Company (P&G) today announced a settlement agreement regarding patents for plastic packaging for roast and ground coffee.

The financial terms and details of the settlement will not be disclosed. In response, Marc Firestone, Executive Vice President, Corporate and Legal Affairs and General Counsel for Kraft Foods, issued the following statement:

“Kraft Foods is pleased to settle this matter with P&G in such an efficient and pragmatic way. We look forward to moving ahead on our Maxwell House brand.”