Exhibit 99 FOR IMMEDIATE RELEASE CONTACT: December 30, 1996 Hershey Foods John Long (717) 534-7641 Leaf Group Mr. Keijo Suila, President 31-20-656-2100 Hershey Foods Completes Acquisition of Leaf's North American Operations HERSHEY, Pa.--Hershey Foods Corporation and Huhtamaki Oy, of Helsinki, Finland, announced today that Hershey's purchase of Huhtamaki's Leaf North America confectionery operations has been completed. Hershey's European confectionery interests, the German praline manufacturer Gubor Schokoladen and the Italian sugar confectionery company Sperlari Srl, have been purchased by Huhtamaki as part of the transaction. As disclosed earlier, the consideration paid by Hershey to Huhtamaki for the Leaf business, after taking into account Huhtamaki's purchase of Gubor and Sperlari was approximately US $330 million. The parties also have entered into a licensing arrangement under which Hershey will manufacture, market and distribute Leaf's North American confectionery brands including Jolly Rancher, Whoppers, Good & Plenty, PayDay, Heath and Milk Duds, and Xylifresh gum. Additional gum brands included in the acquisition are Super Bubble and Rainblo. - more - Leaf's North american confectionery sales in 1995 were US $460 million (which is net of certain promotional expenses). Leaf North American plant locations involved in this transaction comprise facilities in Wheatridge, Colo.; Robinson, Ill.; St. Louis, Mo.; Akron, N.Y.; Memphis, Tenn.; and Scarborough, Ontario, Canada. A 50 percent interest in the Mexican corporation, Dulsa S. de R.L. de C.V., in Toluca, Mexico, also is included in the transaction. Gubor and Sperlari had combined net sales in 1995 of US $210 million. Gubor has two plants, located in Mullheim and Munstertal in southern Germany; Sperlari's two plants are located in Cremona and Gordona in northern Italy. # # #