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Lausanne, Switzerland --February 24, 2004-- Tetra Pak fights back at suggestions that it is involved with the financial troubles that have affected Italian food giant Parmalat.

Referring to the rumours brought forward in Italian and Swedish media about Tetra Pak’s alleged involvement in the Parmalat case, Tetra Pak would like to make a few clarifications.

Nick Shreiber, Tetra Pak’s CEO, was not aware that Tetra Pak’s payments were being allegedly used for private purposes by Mr. Tanzi or by any other individuals. On the contrary, all payments have been made to the companies mentioned in Parmalat's instructions to Tetra Pak.

”On the contrary, all payments have been made to the companies mentioned in Parmalat's instructions to Tetra Pak,” the company said in a press statement.

The meeting between Nick Shreiber and Parmalat’s former CFO, Fausto Tonna, was initiated by Nick Shreiber. The meeting was called for, following insufficient documentation from Parmalat regarding marketing support activities. At that point, Mr Shreiber requested adequate documentation and requested clarification to which companies Parmalat wanted the payments to be made. As a result of this meeting, that took place on August 27, 2001, Tetra Pak received written confirmation that the companies to which Tetra Pak was to pay, belonged to the Parmalat group.

Media reports allege that Tetra Pak has paid one third of the marketing support payment in 2002 directly to the Tanzi family. That allegation is false, as the companies to which Tetra Pak was requested to pay carry the Parmalat name.

The press statement added that ever since this issue surfaced, Tetra Pak has continuously acted with openness. Full documentation regarding Tetra Pak discounts and marketing support payments have already been handed over to the Italian authorities. In addition, Tetra Pak communicated on January 13, 2004 to which companies the payments have been made.

According to statements, Tetra Pak has not knowingly taken part in any transfer of money to accounts outside Parmalat. If this has occurred, our only interpretation is that we have been deceived. "I do not know what interest Mr. Tonna has in spreading these false allegations. It is highly frustrating that we are seen as less credible than Mr. Tonna, who is in jail", says Jörgen Haglind, Senior Vice President Communications, Tetra Pak.

About Tetra Pak:

Tetra Pak began in the early 1950s as one of the first packaging companies for liquid milk. Since then, it has become one of the world's largest suppliers of packaging systems for milk, fruit juices and drinks, and many other products.

In 1991, Tetra Pak expanded into liquid food processing equipment, plant engineering, and cheese manufacturing equipment. Today, it is the only international company in the world able to provide integrated processing, packaging, and distribution line and plant solutions for food manufacturing.

In 1994 Tetra Pak created a new plastic packaging division, beginning a new period in the company's history and turning Tetra Pak into a multi-product systems supplier. Aseptic filling of HDPE - PET bottles.

In 1997, we launched our first Hole-Through-the-Wall operation where plastics packages, produced by Tetra Pak, are delivered literally "through the wall" to the customer's filling site. Since then, we have built a further 11 factories in Europe, US, South America and Australia - each one providing our customers with a range of solutions for pasteurised, ESL and aseptic dairy and juice products. Using extrusion blow moulding machines sourced through our alliance with Graham Machinery Group, we are able to blow bottles in a range of shapes and sizes which are suitable primarily for liquid dairy, juice and water-based products.

Tetra Pak International SA
Headquarters
70 Avenue Général-Guisan Case
Postale 446
CH-1009 PULLY/LAUSANNE
Phone: +41 21 729 2111
Fax: +41 21 729 2244
E-mail: tpi.ch@tetrapak.com

About Parmalat:

The Parmalat group is an innovator in the milk-food market, as well as the food, beverage, dairy, bakery industries, including nutrition and wellness.

UHT milk for long storage was created forty years ago by Parmalat research. Since then innovation has characterized the creation of all of Parmalat’s new products, defining every phase of the company’s development, and involving every step of the production process.

Parmalat has 35,356 employees and has 139 production facilites worldwide.

Parmalat Finanziaria
piazza Erculea 9,
20122, Milano (MI), ITALIA.
Telefono: +39 02 8068801, Fax: +39 02 8693863

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Source: Tetra Pak - Parmalat Spa

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