Exhibit 99.1
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| Contact: | | Renee Zahery |
| | 847-646-4422 |
| | rzahery@kraft.com |
Kraft Foods Responds to Settlement Agreement with P&G
NORTHFIELD, IL, January 16, 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 ourMaxwell Housebrand.”
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Kraft Foods (www.kraft.com) is the world’s second largest food company with annual revenues of approximately $40 billion and sales in more than 150 countries. For more than a century, we’ve been inspired by consumers to deliver delicious foods that fit the way they live. From American brand icons likeKraft cheeses, dinners and dressings,Maxwell House coffees and Oscar Mayer meats, to global powerhouse brands likeOreo andLU biscuits,Philadelphia cream cheeses,Jacobs andCarte Noire coffees,Tang powdered beverages andMilka,Côte d’Or,Lacta andToblerone chocolates, we’re proud that our brands deliver millions of smiles a day. Kraft Foods (NYSE: KFT) is a member of the Dow Jones Industrial Average, Standard & Poor’s 500, the Dow Jones Sustainability Index and Ethibel Sustainability Index.
