Danone — Capital/Financing Update 2011

Sep 21, 2011

————————— PRESS RELEASE —————————

Paris, September 21, 2011

Danone launches successful €500 million bond issue

Danone today announced the successful launch of a €500 million 5-year bond issue on September 21, 2011.

Funds raised will enable Danone to diversify its sources of finance and extend the maturity of its debt at favorable market conditions.

The €500 million bond, priced at mid swap + 68 basis points, pays a coupon of 2.50%, and was widely subscribed by a diversified investor base. The bonds will be listed on Euronext Paris.

Danone is rated A- stable by Standard & Poor's and A3 stable by Moody's.

Banco Santander SA, Crédit Agricole CIB, ING Belgique SA/NV, Mitsubishi UFJ Securities International, Natixis and RBS were lead managers.

About Danone

One of the fastest-growing food companies in the world, Danone is present in over 120 countries on five continents. Its mission is to bring health through food to as many people as possible. In 2010 Danone had more than 160 production plants and around 100,000 employees, generating sales of €17 billion, of which half were in emerging markets. The group holds top positions in healthy food through four businesses: it ranks no. 1 worldwide in Fresh Dairy Products, no. 2 in Bottled Water and Baby Nutrition, and is Europe's no. 1 Medical Nutrition company. Listed on Euronext Paris, Danone is a component stock of leading social responsibility indexes including the Dow Jones Sustainability Indexes DJSI Stoxx and DJSI World, ASPI Eurozone and the Ethibel Sustainability Index.

For more information, contact: Press Relations: +33 1 44 35 20 75 – Investor Relations: +33 1 44 35 20 76 DANONE : 17, boulevard Haussmann, 75009 Paris