Commercial Court, Zurich rules in favour of ARYZTA AG.

ARYZTA AG / Commercial Court, Zurich rules in favour of ARYZTA AG. . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement. Zürich / Switzerland, 20 April 2011. The Commercial Court of the Canton of Zurich (Handelsgericht des Kantons Zürich) has ruled in favour of ARYZTA AG ('ARYZTA') and dismissed the case brought by Peter J. Lehner & Partner AG ('Lehner'). 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 while Lehner may appeal the ruling of the Zurich Commercial Court to the Federal Court of Switzerland within 30 days of 1 May 2011, ARYZTA will vigorously defend any appeal that may be brought. Enquiries: Paul Meade Communications Officer ARYZTA AG Tel. +41 (0) 44 583 42 00 --- End of Message --- ARYZTA AG Talacker 41 Zurich Schweiz 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#1507906]