Investor Presentaiton

30 1. GROWTH RUSSIA: COMBINING GLOBAL AND LOCAL BRANDS TO WIN Accelerating Growth in Russia Market Share Chocolate 22% +2.1pp Biscuits 30% +2.5pp Revenue ~$700M +DD 2018 Organic Net Revenue Growth Profitability DD Operating Income Dollar Growth #1 Packaged Snacks Brand Alpen Gold Alpen Alpen Gold Gold DARK DARK OREG OREO OREO Source: AC Nielsen, latest YTD Nov'2018 & Fact 2018, Chocolate + Biscuits Milka Milka Milka Milka Юбилейное Barni Барни DUO Барни סטן Mondelez. International SNACKING MADE RIGHT

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