Appeal against ruling of Commercial Court, Zuri...

Zürich / Switzerland, 3 June 2011.

Peter J. Lehner & Partner AG ('Lehner') has appealed to the Swiss Federal Court
(Schweizerisches Bundesgericht) the judgment of the Commercial Court of the
Canton of Zurich (Handelsgericht des Kantons Zürich) in favour of ARYZTA AG
('ARYZTA') dismissing Lehner's claim.

Lehner (a former Hiestand shareholder) took a legal action against ARYZTA
asserting, in essence, entitlement under the Hiestand Holding AG ('Hiestand')
and IAWS Group plc ('IAWS') August 2008 merger, to a price for its Hiestand
shares equal to the price IAWS paid Lion Capital for its former Hiestand shares
under their contract.

ARYZTA has consistently maintained that the claim was without merit and will
vigorously defend the appeal.

Enquiries:

Paul Meade
Communications Officer
ARYZTA AG
Tel. [phone]
[e-mail]









This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Aryzta AG via Thomson Reuters ONE

[HUG#1521208]