Corporate news announcement processed and transmitted by Hugin ASA.
The issuer is solely responsible for the content of this 
announcement. 
----------------------------------------------------------------------
--------------    




Lausanne, 10 April 2008 - 2 570 shareholders attended the Nestlé S.A.
Annual General Meeting today in Lausanne. They represented 53.28
percent of the total capital and 34.89 percent of the shares entitled
to vote. All proposals of the Board of Directors were voted with
strong majorities. The annual report and the accounts were approved,
and the shareholders agreed to the release of the Board of Directors
and the Executive Board. Shareholders further approved the proposed
dividend increase to CHF 12.20 per share, up 17.3 percent over last
year. They also gave their assent to the reduction in the share
capital by CHF 10 072 500 through the cancellation of a corresponding
number of registered shares under the share buy-back programme
launched on 24 August 2007. Shareholders further approved a 1-for-10
share split and respective increase of the number of shares.
Shareholders re-elected Messrs. Andreas Koopmann and Rolf Hänggi as
members of the Board of Directors for a full 3-year term. Due to the
age limit set forth in the Board Regulations, Mr. Peter Böckli did
not stand for re-election. The Board wishes to extend his gratitude
to Mr. Peter Böckli for his invaluable services as a member of the
Board, the Audit Committee and chairman of the Compensation and
Nomination Committee. The AGM further elected Messrs. Paul Bulcke and
Beat W. Hess as new members of the Board. After the AGM, the Board
appointed Mr. Paul Bulcke as "Administrateur délégué"/Chief Executive
Officer of Nestlé, succeeding Mr. Peter Brabeck-Letmathe who stepped
down after 11 years as CEO.
A very strong majority of 98.88 percent of the share capital
represented at the meeting approved the proposed revised Articles of
Association. The new Articles include abolishing the old attendance
quorums and supermajority clauses; lowering the threshold for
shareholders to put items on the Annual General Meeting agenda from
0.25% to 0.15% of total share capital; reducing Board members' term
of office from five years to three; and increasing the maximum voting
rights' percentage of any one shareholder from 3% to 5% of total
share capital.
For the year to come, the different Committees of the Board are
composed as follows:
Chairman's and Corporate Governance Committee: Messrs.
Brabeck-Letmathe, Koopmann, Hänggi, Lord George, Villiger
Finance Committee: Messrs. Hänggi, Lord George, Villiger
Audit Committee: Messrs. Hänggi, Meyers, Villiger, Kudelski
Compensation and Nomination Committee: Messrs. Koopmann, Lord George,
Borel
The Chairman's address can be read on the Nestlé corporate website
under "Media Center"
http://www.nestle.com/MediaCenter/SpeechesAndStatements/SpeechesAndStatements.htm
Contacts:
Media: François-Xavier Perroud Tel.: +41-21-924 2596
Investors: Roddy Child-Villiers Tel.: +41-21-924 3622


 
--- End of Message ---

Nestlé S.A.
Avenue Nestlé 55 Vevey 

WKN: 887208; ISIN: 
CH0012056047; Index: SLCI, SMI, SPI, SMIEXP;
Listed: Main Market in SWX Swiss Exchange;



Copyright © Hugin AS 2008. All rights reserved.