Hershey Foods (HSY) Announces Notes Offering

The Hershey Company (NYSE: HSY) announced today that it is offering to sell notes in a public offering (the "Notes Offering"). The Company intends to use the net proceeds of the Notes Offering to repay all of its outstanding 0.900% Senior Notes due 2025 and 3.200% Senior Notes due 2025, as well as certain outstanding short-term commercial paper borrowings, plus in each case, accrued and unpaid interest thereon, pay fees and expenses related to the offering and for general corporate purposes.

A registration statement relating to the Notes Offering has been filed with the U.S. Securities and Exchange Commission and is effective. This press release shall not constitute an offer to sell or an offer to buy any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Notes Offering may be made only by means of a prospectus supplement and the accompanying prospectus.

Copies of the prospectus supplement and the accompanying prospectus for the Notes Offering may be obtained by contacting BofA Securities, Inc., NC1-002-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attention: Prospectus Department, email: [email protected], toll-free: 1 (800) 294-1322; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, toll-free: 1 (800) 831-9146, email: [email protected]; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, email: [email protected]; RBC Capital Markets, LLC, Brookfield Place, 200 Vesey Street, 8th Floor, New York, NY 10281 toll-free: 1 (866) 375-6829, fax: 1 (212) 428-6308, email: [email protected]; and U.S. Bancorp Investments, Inc., 214 North Tryon Street, 26th Floor, Charlotte, NC 28202, Attention: Debt Capital Markets, toll-free: 1 (877) 558-2607.

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