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               21 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          434,036     0.03%     226,896       0.02%

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

(3) Options and agreements       750,700     0.05%   1,339,700       0.09%
to purchase/sell

Total                          1,184,736     0.08%   1,566,596       0.11%


(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                     18,220                  28.36788419
Sale                     500                     28.51
Sale                     17,955                  28.31045391
Sale                     400                     28.27375
Sale                     54,200                  28.27961255
Sale                     200                     28.59
Sale                     400                     28.29
Sale                     12,100                  28.41615702
Sale                     19,800                  28.40659545
Sale                     1,100                   28.38363636
Sale                     1,100                   28.40636364
Sale                     600                     28.42833333
Sale                     600                     28.24
Sale                     3,500                   28.24
Sale                     500                     28.28
Sale                     2,200                   28.3768
Sale                     100                     28.25
Sale                     400                     28.4375
Sale                     500                     28.43
Sale                     100                     28.25
Sale                     2,200                   28.26913636
Sale                     9,100                   28.26637363
Sale                     3,400                   28.39058824
Sale                     1,000                   28.59
Sale                     100                     28.49
Sale                     216                     28.3295
Sale                     15,200                  28.38625
Sale                     300                     28.25
Sale                     1,300                   28.41384615
Sale                     400                     28.2
Sale                     35,000                  28.1908
Sale                     100                     28.3
Sale                     100                     28.2
Sale                     400                     28.2275
Sale                     2,000                   28.232
Sale                     6,300                   28.24190476
Sale                     1,300                   28.22
Sale                     100                     28.24
Sale                     2,700                   28.22518519
Sale                     2,200                   28.23136364
Sale                     8,125                   28.45221538
Sale                     1,400                   28.26
Sale                     1,100                   28.27818182
Sale                     17,800                  28.42325843
Sale                     100                     28.2501
Sale                     6,150                   28.24573171
Sale                     7,000                   28.24
Sale                     9,456                   28.3009
Sale                     200                     28.66
Sale                     150,000                 28.35
Sale                     100,200                 28.67718
Sale                     51,800                  28.54527027
Sale                     1,800                   28.40555556
Sale                     400                     28.4125
Sale                     8,700                   28.40978391
Sale                     7,400                   28.42513514
Sale                     1,700                   28.40470588
Sale                     1,900                   28.4
Sale                     700                     28.303
Sale                     200                     28.3
Sale                     300                     28.28333333
Sale                     700                     28.28
Sale                     1,200                   28.23983333
Sale                     500                     28.3922
Sale                     200                     28.25
Sale                     1,400                   28.20571429
Sale                     1,000                   28.379
Sale                     12,400                  28.28733065
Sale                     4,200                   28.31947619
Sale                     2,300                   28.26391304
Sale                     100                     28.31
Sale                     300                     28.26
Sale                     6,900                   28.26227536
Sale                     800                     28.275
Sale                     6,600                   28.319394
Sale                     9,559                   28.24
Sale                     3,270                   28.347798
Sale                     100                     28.25
Sale                     116                     28.65
Sale                     1,300                   28.28153846
Sale                     800                     28.26875
Sale                     6,800                   28.38525588
Sale                     1,900                   28.297368
Sale                     2,570                   28.35610895
Sale                     8,400                   28.205
Sale                     3,900                   28.29833333
Sale                     400                     28.275
Sale                     300                     28.61
Sale                     100                     28.61
Sale                     1,100                   28.22181818
Sale                     2,800                   28.31267857
Sale                     300                     28.25
Sale                     8,100                   28.20044444
Sale                     5,100                   28.29639216
Sale                     1,100                   28.603
Sale                     7,600                   28.33923684
Sale                     1,300                   28.27846154
Sale                     900                     28.29888889
Sale                     2,400                   28.35
Sale                     100                     28.21
Sale                     1,100                   28.31181818
Sale                     200                     28.26
Sale                     300                     28.18
Sale                     1,858                   28.28150608
Sale                     200                     28.6555
Sale                     8,100                   28.3503
Sale                     198                     28.2
Sale                     12,300                  28.23455935
Sale                     1,363                   28.2085
Sale                     13,300                  28.37163534
Sale                     400                     28.385
Purchase                 1,100                   28.27454545
Purchase                 1,200                   28.34016667
Purchase                 216                     28.3295
Purchase                 600                     28.24
Purchase                 5,768                   28.19
Purchase                 5,266                   28.19733004
Purchase                 22,266                  28.19143717
Purchase                 1,600                   28.2300625
Purchase                 100                     28.19
Purchase                 500                     28.2
Purchase                 300                     28.21
Purchase                 300                     28.24
Purchase                 50,000                  28.55
Purchase                 8,209                   28.30046352
Purchase                 2,000                   28.3419
Purchase                 200                     28.2
Purchase                 300                     28.3
Purchase                 120,000                 28.35
Purchase                 100,200                 28.67718
Purchase                 200                     28.66
Purchase                 200                     28.315
Purchase                 700                     28.29471429
Purchase                 347                     28.31619597
Purchase                 7,000                   28.24
Purchase                 6,150                   28.2457
Purchase                 400                     28.25
Purchase                 150,000                 28.35
Purchase                 75,000                  28.5045
Purchase                 1,100                   28.24118182
Purchase                 1,200                   28.28
Purchase                 300                     28.28333333
Purchase                 100                     28.225
Purchase                 3,500                   28.24
Purchase                 6,200                   28.26656452
Purchase                 1,100                   28.37
Purchase                 500                     28.25
Purchase                 7,300                   28.29709589
Purchase                 2,800                   28.31267857
Purchase                 600                     28.22333333
Purchase                 500                     28.42
Purchase                 100                     28.32
Purchase                 9,559                   28.24
Purchase                 3,270                   28.34779817
Purchase                 800                     28.31125
Purchase                 2,570                   28.356109
Purchase                 216                     28.3295
Purchase                 100                     28.38
Purchase                 5,100                   28.40764706
Purchase                 3,000                   28.28873333
Purchase                 2,900                   28.28861379
Purchase                 1,500                   28.265333
Purchase                 4,000                   28.30625
Purchase                 1,200                   28.32666667
Purchase                 800                     28.28
Purchase                 13,274                  28.23600035
Purchase                 7,300                   28.39715068
Purchase                 4,000                   28.336075
Purchase                 5,200                   28.29473846
Purchase                 198                     28.2
Purchase                 1,400                   28.6045
Purchase                 2,300                   28.34869565
Purchase                 300                     28.51
Purchase                 1,700                   28.32152941
Purchase                 500                     28.276
Purchase                 600                     28.30333333
Purchase                 9,800                   28.24214286
Purchase                 8,100                   28.20044444
Purchase                 2,500                   28.205
Purchase                 8,100                   28.3502716
Purchase                 300                     28.18
Purchase                 300                     28.29
Purchase                 325                     28.65529231
Purchase                 1,100                   28.20818182
Purchase                 226                     28.21
Purchase                 37                      28.21
Purchase                 759                     28.2554
Purchase                 11,400                  28.32144474
Purchase                 300                     28.32
Purchase                 1,600                   28.293125
Purchase                 9,400                   28.28688298
Purchase                 700                     28.22428571



(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 of  Exercise Type,      Expiry      Option
name,         selling,    securities price    e.g.       date        money
e.g. call     purchasing, to which   (USD)    American,              paid/received
option        varying     the option          European               per unit
              etc.        relates             etc.                   (Note 4)
                          (Note 6)
Put Option    Selling     22,200     31       American   18/09/2010  3.7
Put Option    Selling     15,200     31       American   18/09/2010  3.7
Put Option    Selling     11,200     31       American   18/09/2010  3.8
Put Option    Selling     100        29       American   20/03/2010  1.4
Put Option    Selling     100        29       American   20/03/2010  1.4
Put Option    Selling     100        29       American   20/03/2010  1.45
Put Option    Selling     5,000      29       American   20/03/2010  1.45
Put Option    Selling     300        25       American   20/02/2010  0.05
Put Option    Selling     400        25       American   20/02/2010  0.05
Put Option    Selling     100        25       American   20/02/2010  0.05
Put Option    Selling     1,100      25       American   20/02/2010  0.05
Put Option    Selling     100        25       American   18/09/2010  0.95
Put Option    Selling     1,400      27       American   18/09/2010  1.45
Put Option    Selling     1,000      27       American   18/09/2010  1.45
Put Option    Selling     200        23       American   19/06/2010  0.3
Put Option    Selling     200        27       American   19/06/2010  1
Put Option    Selling     500        25       American   22/01/2011  1.35
Put Option    Selling     100        25       American   22/01/2011  1.35
Call Option   Selling     200        30       American   19/06/2010  0.85
Call Option   Selling     1,100      26       American   20/02/2010  2.4
Call Option   Selling     3,000      28       American   19/06/2010  1.65
Put Option    Purchasing  500        28       American   20/02/2010  0.5
Put Option    Purchasing  100        28       American   20/02/2010  0.62
Put Option    Purchasing  200        28       American   20/02/2010  0.65
Put Option    Purchasing  3,000      28       American   20/02/2010  0.65
Put Option    Purchasing  200        26       American   19/06/2010  0.75
Put Option    Purchasing  500        26       American   19/06/2010  0.8
Put Option    Purchasing  100        26       American   19/06/2010  0.8
Put Option    Purchasing  9,300      26       American   19/06/2010  0.8
Put Option    Purchasing  700        28       American   20/03/2010  0.9
Put Option    Purchasing  100        27       American   20/03/2010  0.45
Put Option    Purchasing  100        26       American   18/09/2010  1.15
Put Option    Purchasing  1,600      27       American   19/06/2010  1.05
Put Option    Purchasing  200        25       American   19/06/2010  0.5
Put Option    Purchasing  1,000      35       American   22/01/2011  7.8
Put Option    Purchasing  100        25       American   22/01/2011  1.25
Put Option    Purchasing  100        25       American   22/01/2011  1.25
Put Option    Purchasing  1,200      30       American   20/02/2010  1.8
Call Option   Purchasing  100        29       American   20/03/2010  0.6
Call Option   Purchasing  100        29       American   20/03/2010  0.6
Call Option   Purchasing  1,000      29       American   20/03/2010  0.65
Call Option   Purchasing  100        30       American   19/06/2010  0.75
Call Option   Purchasing  100        28       American   20/03/2010  1.1
Call Option   Purchasing  1,200      30       American   22/01/2011  1.25
Call Option   Purchasing  300        30       American   22/01/2011  1.3
Call Option   Purchasing  300        30       American   22/01/2011  1.36
Call Option   Purchasing  100        30       American   22/01/2011  1.32
Call Option   Purchasing  21,500     26       American   20/02/2010  2.45
Call Option   Purchasing  300        30       American   20/02/2010  0.15
Call Option   Purchasing  200        28       American   18/09/2010  1.92
Call Option   Purchasing  100        33       American   19/06/2010  0.16
Call Option   Purchasing  100        29       American   18/09/2010  1.45
Call Option   Purchasing  300        32       American   18/09/2010  0.45
Call Option   Purchasing  200        32       American   19/06/2010  0.28
Call Option   Purchasing  100        32       American   19/06/2010  0.31
Call Option   Purchasing  200        32       American   19/06/2010  0.25
Call Option   Purchasing  100        31       American   18/09/2010  0.65
Call Option   Purchasing  300        29       American   19/06/2010  1.1
Call Option   Purchasing  200        26       American   20/03/2010  2.5
Call Option   Purchasing  100        26       American   20/03/2010  2.5
Call Option   Purchasing  100        30       American   21/01/2012  2
Call Option   Purchasing  27,600     28       American   20/02/2010  0.825
Call Option   Purchasing  100        29       American   20/02/2010  0.5
Call Option   Purchasing  500        29       American   20/02/2010  0.5
Call Option   Purchasing  200        29       American   20/02/2010  0.46


(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                         22 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       26,800      22.5       American    22/01/2011
Put Option   Sold       300         20         American    19/06/2010
Put Option   Sold       13,300      29         American    20/02/2010
Put Option   Sold       50,000      31         American    18/09/2010
Put Option   Sold       28,500      28         American    20/02/2010
Put Option   Sold       2,200       27         American    20/03/2010
Put Option   Sold       172,900     30         American    20/03/2010
Put Option   Sold       8,800       31         American    20/03/2010
Put Option   Sold       2,700       25         American    21/01/2012
Put Option   Sold       700         35         American    21/01/2012
Put Option   Sold       6,300       28         American    20/03/2010
Put Option   Sold       11,800      32         American    19/06/2010
Put Option   Sold       500         24         American    19/06/2010
Put Option   Sold       23,600      26         American    19/06/2010
Put Option   Sold       2,700       33         American    20/03/2010
Put Option   Sold       100         25         American    18/09/2010
Put Option   Sold       1,300       32         American    18/09/2010
Put Option   Sold       1,500       32         American    20/03/2010
Put Option   Sold       100         10         American    22/01/2011
Put Option   Sold       1,100       20         American    21/01/2012
Put Option   Sold       1,900       25         American    20/02/2010
Put Option   Sold       6,300       29         American    20/03/2010
Put Option   Sold       6,100       28         American    19/06/2010
Put Option   Sold       200         12.5       American    22/01/2011
Put Option   Sold       78,500      27         American    20/02/2010
Put Option   Sold       200         35         American    20/03/2010
Put Option   Sold       164,200     30         American    20/02/2010
Call Option  Sold       48,400      30         American    19/06/2010
Call Option  Sold       3,800       40         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       2,100       15         American    22/01/2011
Call Option  Sold       73,600      25         American    22/01/2011
Call Option  Sold       12,400      25         American    21/01/2012
Call Option  Sold       1,800       35         American    19/06/2010
Call Option  Sold       900         24         American    19/06/2010
Call Option  Sold       1,500       45         American    22/01/2011
Call Option  Sold       3,000       28         American    19/06/2010
Call Option  Sold       30,000      26         American    20/02/2010
Call Option  Sold       8,300       50         American    22/01/2011
Call Option  Sold       14,300      30         American    20/03/2010
Call Option  Sold       500         32         American    20/03/2010
Call Option  Sold       2,100       35         American    21/01/2012
Call Option  Sold       377,400     29         American    20/03/2010
Call Option  Sold       600         33         American    20/03/2010
Call Option  Sold       4,000       30         American    20/02/2010
Call Option  Sold       36,100      30         American    22/01/2011
Call Option  Sold       41,700      28         American    20/03/2010
Call Option  Sold       27,300      35         American    22/01/2011
Call Option  Sold       27,600      26         American    19/06/2010
Put Option   Purchased  400         28         American    18/09/2010
Put Option   Purchased  1,400       27         American    19/06/2010
Put Option   Purchased  27,500      30         American    22/01/2011
Put Option   Purchased  7,800       35         American    22/01/2011
Put Option   Purchased  900         30         American    21/01/2012
Put Option   Purchased  2,900       24         American    20/03/2010
Put Option   Purchased  106,900     25         American    22/01/2011
Put Option   Purchased  9,200       20         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  1,200       21         American    20/03/2010
Put Option   Purchased  500         23         American    19/06/2010
Put Option   Purchased  27,300      31         American    20/02/2010
Put Option   Purchased  9,900       25         American    20/03/2010
Put Option   Purchased  900         26         American    18/09/2010
Put Option   Purchased  33,500      23         American    20/03/2010
Put Option   Purchased  3,400       29         American    19/06/2010
Put Option   Purchased  8,700       15         American    22/01/2011
Put Option   Purchased  4,900       30         American    19/06/2010
Put Option   Purchased  200         27         American    18/09/2010
Put Option   Purchased  5,100       33         American    18/09/2010
Put Option   Purchased  500         31         American    19/06/2010
Put Option   Purchased  100         30         American    18/09/2010
Put Option   Purchased  120,000     30         American    20/02/2010
Put Option   Purchased  72,200      26         American    20/03/2010
Put Option   Purchased  500         17.5       American    22/01/2011
Put Option   Purchased  4,000       25         American    19/06/2010
Call Option  Purchased  27,600      28         American    20/02/2010
Call Option  Purchased  200         27         American    19/06/2010
Call Option  Purchased  2,900       34         American    19/06/2010
Call Option  Purchased  300         32         American    18/09/2010
Call Option  Purchased  300         29         American    18/09/2010
Call Option  Purchased  2,400       20         American    22/01/2011
Call Option  Purchased  8,700       30         American    21/01/2012
Call Option  Purchased  200         33         American    19/06/2010
Call Option  Purchased  600         30         American    18/09/2010
Call Option  Purchased  100         25         American    19/06/2010
Call Option  Purchased  200         23         American    19/06/2010
Call Option  Purchased  1,400       29         American    19/06/2010
Call Option  Purchased  8,800       27         American    20/02/2010
Call Option  Purchased  300         25         American    20/03/2010
Call Option  Purchased  900         20         American    21/01/2012
Call Option  Purchased  133,800     29         American    20/02/2010
Call Option  Purchased  76,700      27         American    20/03/2010
Call Option  Purchased  2,000       26         American    20/03/2010
Call Option  Purchased  500         32         American    19/06/2010
Call Option  Purchased  11,200      31         American    20/02/2010
Call Option  Purchased  4,400       31         American    19/06/2010
Call Option  Purchased  100         26         American    18/09/2010
Call Option  Purchased  600         31         American    18/09/2010
Call Option  Purchased  10,500      31         American    20/03/2010
Call Option  Purchased  300         27         American    18/09/2010
Call Option  Purchased  200         28         American    18/09/2010

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