EPT Disclosure Kraft Foods Inc

FORM 38.5(b)

                 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS
            WITHOUT RECOGNISED INTERMEDIARY STATUS, OR WITH RI STATUS
                  BUT NOT DEALING IN A CLIENT-SERVING CAPACITY
                       (Rule 38.5(b) of the Takeover Code)


1.   KEY INFORMATION

Name of exempt principal      Barclays Capital Inc
trader
Company dealt in              Kraft Foods Inc
Class of relevant security    A Common
to which the dealings being
disclosed relate (Note 1)
Date of dealing               14 January 2010


2.   INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)  Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 2)

                                      Long                  Short

                                  Number       (%)      Number         (%)

(1) Relevant securities          681,479     0.05%     193,420       0.01%

(2)  Derivatives (other  than          0     0.00%           0       0.00%
options)

(3) Options and agreements       883,400     0.06%   2,117,100       0.14%
to purchase/sell

Total                          1,564,879     0.11%   2,310,520       0.15%


(b)  Interests and short positions in relevant securities of the company, other
     than the class dealt in (Note 2)

Class of relevant security:           Long                  Short

                              Number                Number
                              (%)                   (%)
(1) Relevant securities

(2)  Derivatives (other  than
options)

(3) Options and agreements
to purchase/sell

Total


  (c)  Rights to subscribe (Note 2)

Class of relevant security:   Details



3.   DEALINGS (Note 3)

(a)  Purchases and sales

Purchase/sale            Number of securities    Price per unit (Note 4)
                                                 (USD)
Sale                     1,200                   29.38
Sale                     200                     29.38
Sale                     100                     29.38
Sale                     100                     29.38
Sale                     200                     29.38
Sale                     100                     29.38
Sale                     400                     29.38
Sale                     1,800                   29.095
Sale                     800                     29.18475
Sale                     2,600                   29.08557692
Sale                     5,700                   29.15352632
Sale                     2,400                   29.1225
Sale                     200                     29.11
Sale                     10,100                  29.1294
Sale                     2,200                   29.33818182
Sale                     250                     29.14
Sale                     600                     29.38
Sale                     90                      29.38
Sale                     100                     29.38
Sale                     100                     29.38
Sale                     100                     29.38
Sale                     200                     29.38
Sale                     100                     29.38
Sale                     5,700                   29.19719298
Sale                     16,100                  29.15807453
Sale                     188                     29.19
Sale                     4,792                   29.13318717
Sale                     1,110                   29.10279279
Sale                     2,600                   29.09769231
Sale                     700                     29.15185714
Sale                     347                     29.19414986
Sale                     300                     29.43
Sale                     720                     29.17708333
Sale                     4,200                   29.22
Sale                     5,700                   29.20140351
Sale                     2,300                   29.16472174
Sale                     2,600                   29.16692308
Sale                     100                     29.38
Sale                     200                     29.38
Sale                     100                     29.38
Sale                     1,500                   29.15464
Sale                     500                     29.29
Sale                     500                     29.395
Sale                     200                     29.11
Sale                     2,200                   29.22090909
Sale                     4,800                   29.13491667
Sale                     3,200                   29.2953125
Sale                     2,500                   29.1878
Sale                     2,300                   29.12326087
Sale                     615                     29.15195122
Sale                     100                     29.2
Sale                     18,700                  29.18987701
Sale                     11                      29.2334
Sale                     2                       29.2334
Sale                     400                     29.2334
Sale                     2,400                   29.233333
Sale                     25,264                  29.11623955
Sale                     100                     29.38
Sale                     10,400                  29.2896
Sale                     4,200                   29.23
Sale                     2,945                   29.09286927
Sale                     1,000                   29.284
Sale                     67,365                  29.17606324
Sale                     2,484                   29.23
Sale                     1,700                   29.12
Sale                     2                       29.2334
Sale                     300                     29.1
Sale                     14,429                  29.24725691
Sale                     63,900                  29.42945227
Sale                     3,000                   29.55266667
Sale                     1,400                   29.56928571
Sale                     700                     29.53
Sale                     4,000                   29.54975
Sale                     1,500                   29.0656
Sale                     560                     29.07
Sale                     800                     29.092125
Sale                     1,900                   29.32915789
Sale                     1,860                   29.1695
Sale                     25,800                  29.46899225
Sale                     200                     29.15
Sale                     200                     29.16
Sale                     11,366                  29.13568626
Sale                     29,000                  29.11272414
Sale                     12,900                  29.09555814
Sale                     22,200                  29.09734234
Sale                     9,700                   29.14371134
Sale                     15,400                  29.11942013
Sale                     17,800                  29.13769663
Sale                     2,900                   29.1762069
Sale                     7,400                   29.15612432
Sale                     580                     29.1993
Sale                     2,020                   29.18882079
Sale                     411                     29.2334
Sale                     2,400                   29.12
Sale                     2,585                   29.10774855
Sale                     1,864                   29.19684549
Sale                     2,200                   29.10363636
Sale                     200                     29.1
Sale                     250                     29.05
Sale                     900                     29.08944444
Purchase                 4,090                   29.38
Purchase                 16,264                  29.12
Purchase                 2,400                   29.23333333
Purchase                 9,000                   29.10944444
Purchase                 250                     29.14
Purchase                 2,200                   29.338182
Purchase                 300                     29.23333333
Purchase                 2,500                   29.1222
Purchase                 1,800                   29.095
Purchase                 19,000                  29.1937
Purchase                 415                     29.19144578
Purchase                 7,800                   29.09508974
Purchase                 2,300                   29.24565217
Purchase                 200                     29.11
Purchase                 100                     29.2
Purchase                 52,757                  29.16627524
Purchase                 13                      29.26
Purchase                 2,400                   29.1225
Purchase                 6,700                   29.25726866
Purchase                 500                     29.395
Purchase                 300                     29.43
Purchase                 2,500                   29.1878
Purchase                 1,200                   29.08583333
Purchase                 2,600                   29.08557692
Purchase                 2,500                   29.16424
Purchase                 2,300                   29.10304348
Purchase                 200                     29.07
Purchase                 100                     29.1
Purchase                 700                     29.21142857
Purchase                 2,500                   29.1192
Purchase                 200                     29.265
Purchase                 400                     29.2334
Purchase                 6,245                   29.107
Purchase                 100                     29.09
Purchase                 300                     29.15666667
Purchase                 2,700                   29.25892593
Purchase                 14,429                  29.24725691
Purchase                 4,000                   29.155
Purchase                 400                     29.17
Purchase                 5,699                   29.15359835
Purchase                 1,500                   29.15866667
Purchase                 100                     29.48
Purchase                 1,660                   29.0706
Purchase                 400                     29.051
Purchase                 6,700                   29.25728358
Purchase                 30,900                  29.16982201
Purchase                 17,038                  29.16754549
Purchase                 3,354                   29.21848539
Purchase                 5,673                   29.12546448
Purchase                 73,000                  29.44475342
Purchase                 860                     29.17232558
Purchase                 100                     29.04
Purchase                 200                     29.24
Purchase                 1,700                   29.12
Purchase                 2                       29.2334
Purchase                 11                      29.2334



The following trades which were carried out on 13 January 2010 and reported on
the Report 38.5(b) published on 14 January 2010 were subsequently cancelled


Purchase/sale            Number of securities    Price per unit (Note 4)
                                                 (USD)
Sale                     11,800                  29.28252881
Sale                     25,800                  29.46899225



(b)  Derivatives transactions (other than options)

Product       Long/short       Number of securities   Price per unit
name,         (Note 5)         (Note 6)               (Note 4)
e.g. CFD




(c)  Options transactions in respect of existing securities

(i)  Writing, selling, purchasing or varying

Product      Writing,    Number     Exercise Type,     Expiry       Option
name,        selling,    of         price    e.g.      date         money
e.g. call    purchasing, securities          American,              paid/
option       varying     to         (USD)    European               received
             etc.        which               etc.                   per unit
                         the                                        (Note 4)
                         option
                         relates
                         (Note 6)
Put Option   Selling     100        29      American   19/06/2010   1.7
Put Option   Selling     400        22.5    American   22/01/2011   0.7
Put Option   Selling     100        22.5    American   22/01/2011   0.7
Put Option   Selling     300        22.5    American   22/01/2011   0.7
Put Option   Selling     600        22.5    American   22/01/2011   0.69
Put Option   Selling     200        27      American   20/03/2010   0.4
Call Option  Selling     100        28      American   19/06/2010   2.5
Call Option  Selling     400        28      American   19/06/2010   2.15
Call Option  Selling     100        30      American   19/06/2010   1.2
Call Option  Selling     100        29      American   20/03/2010   1.3
Call Option  Selling     1,400      29      American   20/03/2010   1.3
Call Option  Selling     200,400    29      American   16/01/2010   0.2
Call Option  Selling     14,000     29      American   16/01/2010   0.2
Call Option  Selling     700        29      American   16/01/2010   0.2
Call Option  Selling     20,700     29      American   16/01/2010   0.2
Call Option  Selling     100        27.5    American   16/01/2010   1.72
Call Option  Selling     100        27.5    American   16/01/2010   1.7
Call Option  Selling     200        27.5    American   16/01/2010   1.61
Call Option  Selling     43,400     27.5    American   16/01/2010   1.6
Call Option  Selling     900        27.5    American   16/01/2010   1.6
Call Option  Selling     12,900     27.5    American   16/01/2010   1.6
Call Option  Selling     100        28      American   20/03/2010   2.1
Call Option  Selling     200        28      American   20/03/2010   2.11
Call Option  Selling     100        30      American   20/03/2010   0.8
Call Option  Selling     200        25      American   21/01/2012   5.35
Call Option  Selling     100        22.5    American   22/01/2011   6.9
Put Option   Purchasing  100        29      American   20/02/2010   0.8
Put Option   Purchasing  200        29      American   20/02/2010   0.75
Put Option   Purchasing  100        29      American   20/02/2010   0.75
Put Option   Purchasing  200        27      American   20/03/2010   0.4
Put Option   Purchasing  100        27      American   20/03/2010   0.35
Put Option   Purchasing  700        25      American   21/01/2012   2.2
Call Option  Purchasing  600        26      American   20/03/2010   3.4
Call Option  Purchasing  100        26      American   20/03/2010   3.4
Call Option  Purchasing  400        31      American   20/02/2010   0.15
Call Option  Purchasing  100        28      American   19/06/2010   2.34
Call Option  Purchasing  300        28      American   19/06/2010   2.35
Call Option  Purchasing  100        30      American   19/06/2010   1.2
Call Option  Purchasing  300        30      American   19/06/2010   1.1
Call Option  Purchasing  200        30      American   19/06/2010   1.13
Call Option  Purchasing  100        30      American   19/06/2010   1.1
Call Option  Purchasing  200        29      American   20/02/2010   1.05
Call Option  Purchasing  100        29      American   20/02/2010   1.1
Call Option  Purchasing  600        29      American   20/02/2010   1.14
Call Option  Purchasing  1,700      29      American   20/02/2010   1.1
Call Option  Purchasing  93,400     29      American   20/02/2010   0.9
Call Option  Purchasing  100        29      American   20/02/2010   0.82
Call Option  Purchasing  36,500     29      American   20/02/2010   0.85
Call Option  Purchasing  300        29      American   20/02/2010   0.85
Call Option  Purchasing  100        29      American   20/03/2010   1.3
Call Option  Purchasing  1,400      29      American   20/03/2010   1.3
Call Option  Purchasing  100        29      American   20/03/2010   1.3
Call Option  Purchasing  100        29      American   20/03/2010   1.35
Call Option  Purchasing  100        29      American   20/03/2010   1.35
Call Option  Purchasing  20,800     29      American   20/03/2010   1.15
Call Option  Purchasing  200        29      American   20/03/2010   1.1
Call Option  Purchasing  100        29      American   20/03/2010   1.1
Call Option  Purchasing  100        29      American   20/03/2010   1.1
Call Option  Purchasing  7,800      29      American   20/03/2010   1.05
Call Option  Purchasing  400        29      American   20/03/2010   1.1
Call Option  Purchasing  600        29      American   16/01/2010   0.15
Call Option  Purchasing  800        29      American   16/01/2010   0.15
Call Option  Purchasing  200,400    29      American   16/01/2010   0.2
Call Option  Purchasing  14,000     29      American   16/01/2010   0.2
Call Option  Purchasing  700        29      American   16/01/2010   0.2
Call Option  Purchasing  20,700     29      American   16/01/2010   0.2
Call Option  Purchasing  43,400     27.5    American   16/01/2010   1.6
Call Option  Purchasing  900        27.5    American   16/01/2010   1.6
Call Option  Purchasing  12,900     27.5    American   16/01/2010   1.6
Call Option  Purchasing  200        30      American   22/01/2011   1.9
Call Option  Purchasing  300        30      American   22/01/2011   1.7
Call Option  Purchasing  500        30      American   22/01/2011   1.73
Call Option  Purchasing  100        30      American   22/01/2011   1.65
Call Option  Purchasing  100        30      American   22/01/2011   1.65
Call Option  Purchasing  900        35      American   22/01/2011   0.45
Call Option  Purchasing  200        35      American   22/01/2011   0.4
Call Option  Purchasing  100        30      American   20/03/2010   0.8
Call Option  Purchasing  200        30      American   20/03/2010   0.75
Call Option  Purchasing  200        25      American   21/01/2012   5.35
Call Option  Purchasing  200        25      American   21/01/2012   5.1
Call Option  Purchasing  100        25      American   21/01/2012   5.1
Call Option  Purchasing  200        30      American   20/02/2010   0.4
Call Option  Purchasing  200        30      American   20/02/2010   0.43
Call Option  Purchasing  100        30      American   20/02/2010   0.45
Call Option  Purchasing  100        28      American   20/02/2010   1.48

(ii) Exercising

Product name, e.g. call  Number of securities    Exercise price per unit
option                                           (Note 4)



(d)  Other dealings (including new securities) (Note 3)


Nature of transaction    Details                 Price per unit (if
(Note 7)                                         applicable) (Note 4)



4.   OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives


Full details of any agreement, arrangement or understanding between the
person disclosing and any other person relating to the voting rights of
any relevant securities under any option referred to on this form or
relating to the voting rights or future acquisition or disposal of any
relevant securities to which any derivative referred to on this form is
referenced.  If none, this should be stated.





Is a Supplemental Form 38.5(b) attached? (Note 8)                YES


Date of disclosure                         14 January 2010
Contact name                               Geoff Smith
Telephone number                           020 7116 2913
Name of offeree/offeror with which         Kraft Foods Inc
connected
Nature of connection (Note 9)              Advisor


SUPPLEMENTAL FORM 38.5(b)

                            DETAILS OF OPEN POSITIONS
                 (This form should be attached to Form 38.5(b))



OPEN POSITIONS (Note 1)

Product      Written    Number of     Exercise   Type, e.g.  Expiry date
name,        or         securities    price      American,
e.g. call    purchased  to which      (Note 2)   European
option                  the option    (USD)      etc.
                        or
                        derivative
                        relates
Put Option   Sold       100           10         American    22/01/2011
Put Option   Sold       200           20         American    19/06/2010
Put Option   Sold       1,600         20         American    21/01/2012
Put Option   Sold       14,600        24         American    16/01/2010
Put Option   Sold       148,600       25         American    16/01/2010
Put Option   Sold       1,700         25         American    21/01/2012
Put Option   Sold       500           26         American    16/01/2010
Put Option   Sold       7,100         26         American    19/06/2010
Put Option   Sold       79,500        27         American    20/02/2010
Put Option   Sold       2,200         27         American    20/03/2010
Put Option   Sold       1,000         27         American    19/06/2010
Put Option   Sold       14,000        28         American    20/02/2010
Put Option   Sold       7,100         28         American    20/03/2010
Put Option   Sold       8,200         28         American    19/06/2010
Put Option   Sold       13,300        29         American    20/02/2010
Put Option   Sold       3,600         29         American    20/03/2010
Put Option   Sold       260,200       30         American    20/02/2010
Put Option   Sold       173,100       30         American    20/03/2010
Put Option   Sold       8,800         31         American    20/03/2010
Put Option   Sold       1,500         32         American    20/03/2010
Put Option   Sold       2,700         33         American    20/03/2010
Put Option   Sold       200           35         American    20/03/2010
Put Option   Sold       1,800         35         American    21/01/2012
Put Option   Sold       800           12.5       American    16/01/2010
Put Option   Sold       200           12.5       American    22/01/2011
Put Option   Sold       47,200        22.5       American    16/01/2010
Put Option   Sold       26,800        22.5       American    22/01/2011
Call Option  Sold       2,100         15         American    22/01/2011
Call Option  Sold       100           25         American    16/01/2010
Call Option  Sold       73,700        25         American    22/01/2011
Call Option  Sold       11,500        25         American    21/01/2012
Call Option  Sold       50,400        26         American    20/02/2010
Call Option  Sold       26,900        26         American    19/06/2010
Call Option  Sold       800           27         American    19/06/2010
Call Option  Sold       4,100         28         American    20/02/2010
Call Option  Sold       42,000        28         American    20/03/2010
Call Option  Sold       294,900       29         American    16/01/2010
Call Option  Sold       380,400       29         American    20/03/2010
Call Option  Sold       102,500       30         American    16/01/2010
Call Option  Sold       9,800         30         American    20/02/2010
Call Option  Sold       15,000        30         American    20/03/2010
Call Option  Sold       38,500        30         American    22/01/2011
Call Option  Sold       200           31         American    16/01/2010
Call Option  Sold       500           32         American    20/03/2010
Call Option  Sold       600           33         American    20/03/2010
Call Option  Sold       10,100        35         American    16/01/2010
Call Option  Sold       1,800         35         American    19/06/2010
Call Option  Sold       27,800        35         American    22/01/2011
Call Option  Sold       1,800         35         American    21/01/2012
Call Option  Sold       10,400        40         American    16/01/2010
Call Option  Sold       3,800         40         American    22/01/2011
Call Option  Sold       1,500         45         American    22/01/2011
Call Option  Sold       8,300         50         American    22/01/2011
Call Option  Sold       100           17.5       American    22/01/2011
Call Option  Sold       9,600         22.5       American    22/01/2011
Call Option  Sold       160,100       27.5       American    16/01/2010
Call Option  Sold       1,200         37.5       American    16/01/2010
Put Option   Purchased  3,100         15         American    16/01/2010
Put Option   Purchased  8,700         15         American    22/01/2011
Put Option   Purchased  27,400        20         American    16/01/2010
Put Option   Purchased  9,400         20         American    22/01/2011
Put Option   Purchased  1,200         21         American    20/03/2010
Put Option   Purchased  33,500        23         American    20/03/2010
Put Option   Purchased  700           23         American    19/06/2010
Put Option   Purchased  3,000         24         American    20/03/2010
Put Option   Purchased  1,600         24         American    19/06/2010
Put Option   Purchased  23,200        25         American    16/01/2010
Put Option   Purchased  13,300        25         American    20/03/2010
Put Option   Purchased  3,800         25         American    19/06/2010
Put Option   Purchased  109,400       25         American    22/01/2011
Put Option   Purchased  44,000        26         American    16/01/2010
Put Option   Purchased  72,300        26         American    20/03/2010
Put Option   Purchased  10,500        29         American    16/01/2010
Put Option   Purchased  3,400         29         American    19/06/2010
Put Option   Purchased  1,900         30         American    16/01/2010
Put Option   Purchased  4,900         30         American    19/06/2010
Put Option   Purchased  27,500        30         American    22/01/2011
Put Option   Purchased  600           30         American    21/01/2012
Put Option   Purchased  27,800        31         American    20/02/2010
Put Option   Purchased  7,400         35         American    16/01/2010
Put Option   Purchased  6,800         35         American    22/01/2011
Put Option   Purchased  5,500         40         American    22/01/2011
Put Option   Purchased  100           50         American    22/01/2011
Put Option   Purchased  700           17.5       American    16/01/2010
Put Option   Purchased  500           17.5       American    22/01/2011
Put Option   Purchased  51,000        27.5       American    16/01/2010
Put Option   Purchased  2,800         32.5       American    16/01/2010
Call Option  Purchased  2,300         20         American    22/01/2011
Call Option  Purchased  900           20         American    21/01/2012
Call Option  Purchased  200           23         American    19/06/2010
Call Option  Purchased  100           24         American    19/06/2010
Call Option  Purchased  31,800        25         American    16/01/2010
Call Option  Purchased  300           25         American    20/03/2010
Call Option  Purchased  100           25         American    19/06/2010
Call Option  Purchased  100           26         American    16/01/2010
Call Option  Purchased  1,700         26         American    20/03/2010
Call Option  Purchased  9,100         27         American    20/02/2010
Call Option  Purchased  76,400        27         American    20/03/2010
Call Option  Purchased  5,900         28         American    19/06/2010
Call Option  Purchased  44,000        29         American    16/01/2010
Call Option  Purchased  136,300       29         American    20/02/2010
Call Option  Purchased  3,800         29         American    19/06/2010
Call Option  Purchased  8,000         30         American    19/06/2010
Call Option  Purchased  9,600         30         American    21/01/2012
Call Option  Purchased  3,300         31         American    20/02/2010
Call Option  Purchased  10,500        31         American    20/03/2010
Call Option  Purchased  3,000         31         American    19/06/2010
Call Option  Purchased  5,500         45         American    16/01/2010
Call Option  Purchased  11,800        22.5       American    16/01/2010
Call Option  Purchased  12,700        32.5       American    16/01/2010

Notes

1. Where there are open option positions or open derivative positions (except
 for CFDs), full details should be given.  Full details of any existing
 agreements to purchase or to sell should also be given on this form.

2. For all prices and other monetary amounts, the currency must be stated.

For details of the Code's dealing disclosure requirements, see Rules 8 and 38.5
and their Notes which can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk