Press Releases: Greece

DELTA ICE-CREAM S.A.

Announcement

June 30, 2006 THE COMPANY «NESTLE HELLAS S.A.» ANNOUNCES THE LAUNCH OF THE ACCEPTANCE PERIOD FOR THE MANDATORY PUBLIC OFFER FOR THE PURCHASE OF COMMON BEARER VOTING SHARES «DELTA ICE-CREAM S.A.» IN CONSIDERATION FOR euro 6.63 PER SHARE IN CASH The Board of Directors of the Capital Markets Commission (the "CMC") has approved on Thursday, 29 June 2006 the Information Circular of the company "Nestle Hellas S.A." (the "Offeror") regarding the mandatory public offer (the "Public Offer") for all the shares of the company "Delta Ice Cream S.A." (the "Target Company"). The offer was made by the Offeror according to Law 3461/2006 on the "Implementation of EU Directive 2004/25/EK regarding public offers" (the "Law") after the acquisition of a 96.53% stake of the total paid-up share capital and voting rights of the Target Company on 31 May 2006. The period, in which the Target Companys shareholders may declare the acceptance of the Public Offer by the submission of the declaration of acceptance to any of the branches of National Bank of Greece S.A. (the "National Bank of Greece"), starts on Tuesday, 4 July 2006 at 08:00 a.m., and ends on Tuesday, 1 August 2006 at 14:30 p.m. The acceptance procedure includes two stages. Accepting Shareholders must first instruct the Initial Operator (as defined in the Decision No 3/304/10-06-2004 of the Greek Capital Market Commission regulating the operation of the dematerialised securities system", hereafter the "CSD Operation Regulation") of the Tendered Shares to transfer the Shares they wish to tender, in order to accept the Public Offer, by using the [ΑΡΣΗ ΑΞΙΑΣ] Release Procedure (the "Release Procedure") of SAT. The initial Operator shall inform the Accepting shareholder about the Release Procedure transaction number, the date of the transaction and the number of shares being transferred. The Accepting shareholder shall also receive from the Initial Operator a printout from SAT showing the Investor Account and Securities Account that the Accepting Shareholder maintains with SAT. Accepting Shareholders must then proceed to any of the branches of National Bank of Greece S.A. in Greece during normal business days and hours, having with them the data provided by the Initial Operator (Release procedure transaction number, the date of the transaction and the number of shares being transferred as well as the printout of the shareholders personal SAT account data). At the branch they will authorise National Bank of Greece S.A. to undertake the operation of the Public Offer Shares referred especially for the purpose of the Public Offer by signing a relevant operation authorisation (the "Operation Authorisation"). Then, they will complete and submit to the branch the relevant document used to receive the shares transferred by the Initial Operator ("Receive value") in order for the procedure of receiving the shares to take place. Finally, they will sign a Declaration of Acceptance of the Tender Offer (the "Declaration of Acceptance"), and receive a valid copy of the Declaration of Acceptance. The Accepting Shareholder must duly completed and signed all the above documents. The acceptance procedure is described in detail in chapter 3 of the Information Circular. The shareholders of the Company can get copies of the Offering Circular, a declaration of acceptance and information regarding the submission procedure from any branch of the National Bank of Greece as of Tuesday, 4 July 2006, and during the acceptance period of the Public Offer or additional information regarding the submission of the declaration of acceptance at the following telephone number at the National Bank of Greece during working days and hours: 210 3347052. The results of the Public Offer will be published within two (2) business days from the end of the aforementioned acceptance period. Τhe Offeror intends to exercise his right to force the acquisition of all remaining shares, as per article 27 of the Law. IMPORTANT NOTICE The Mandatory Public Offer is being made to the shareholders of the Target Company, in accordance with the procedure set forth in the Law, and is only addressed to persons to whom it may lawfully be made. The Mandatory Public Offer is not being made by any means or instrumentality, directly or indirectly, in or into the United States, Canada, Australia or Japan. Accordingly, copies of this information circular and any related offer documents or materials are not being, and should not be, mailed or otherwise forwarded, distributed or sent by anybody in, into or from the United States, Canada, Australia or Japan.