Additional Acquisition of Shares in Premier Foods plc

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Today, Nissin Foods Holdings Co., Ltd. ("Nissin" or "we") announces that it has acquired additional shares in Premier Foods plc ("Premier Foods"), which has resulted in an increase in our equity ownership from 24.8% to 25.0%. This minor additional acquisition of Premier Foods shares is intended to increase Nissin’s equity-method earnings and cash flow from dividends.

Nissin and Premier Foods established a business and capital alliance in March 2016. We acquired additional shares in May 2022, making Premier Foods an equity-method affiliate of the group. Nissin utilizes Premier Foods' distribution network in the UK to expand sales of Nissin-branded instant noodles. Furthermore, the two companies have established a collaborative relationship in various forms, including the joint development and OEM supply of instant noodles under Premier Foods' Batchelors and FUEL 10K brands. We believe this collaborative relationship is mutually beneficial to enhancing the corporate value of both the Nissin Foods Group and Premier Foods, and will continue to strengthen this relationship.