Kraft Foods Group (KRFT) Announces $16.50 Per Share Conditional Special Dividend

Pursuant to the terms of the merger agreement between Kraft Foods Group (NASDAQ: KRFT) and Heinz, the Board of Directors of Kraft today also declared a special cash dividend in the amount of $16.50 per share of common stock, conditioned upon the closing of the proposed merger, payable to Kraft shareholders of record immediately prior to the effective time of the merger. As the special cash dividend is only being paid if the merger with Heinz closes, Kraft shareholders will not receive the special cash dividend unless and until the merger closes.

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