FERRERO STATEMENT - UKRAINE

We are deeply saddened and concerned by the terrible situation in Ukraine.

From the outset, our top priority has been to ensure the safety of our employees, associates, and their families. We have been helping them to reach safety zones, providing them with emergency cash, fuel for their cars, food, medicines, basic supplies, and shelter.

We are working with UNICEF to help children and families in Ukraine, donating one million euros to reach as many children and their families as possible with clean water, blankets, basic medical care, personal hygiene kits, as well as physical and mental health assistance. We are complementing this with local aid in several European countries receiving refugees as well as through employee donations.

Following the temporary closure in March, we have restarted some operations in Ukraine. All non-essential activities and development plans in Russia remain paused.

We will reassess our decisions on a regular basis as we continue to closely monitor the impacts of this dramatic and rapidly evolving situation, doing our utmost to safeguard people’s safety while continuing to support colleagues in local markets who face a lot of uncertainty.