The Board of Directors of Cloetta Fazer AB appoints Carnegie as advisor in respect of the public offer from Oy Karl Fazer Ab

Oy Karl Fazer Ab has made a public offer dated February 17, 2005 to acquire shares and warrants in Cloetta Fazer AB. In view hereof the Board of Directors of Cloetta Fazer intends to give its recommendation to shareholders and holders of warrants in advance of the expiry of the acceptance period. The Board of Directors has appointed Carnegie as its advisor in respect of the public offer. Stockholm February 24, 2005 Cloetta Fazer AB Board of Directors