Istanbul, Turkey | Jacobs Douwe Egberts (JDE) and Ofcay are pleased to
announce a joint-venture of their Turkish businesses. This partnership will open up new growth opportunities in the Turkish hot beverages space, create synergies for both companies through the combination of both JDE’s International dimension & expertise in coffee with Ofcay’s local expertise in tea.

JDE, well known in Turkey for its Jacobs Brands, brings over 265 years of coffee
expertise, while Ofcay, has been at the forefront of the Turkish tea category since
its creation in 1985.

Under the terms of the agreement, both companies will contribute their existing
local assets and will operate under the same umbrella. Ahmet Bülent Kasap will be
appointed CEO of the partnership. The transaction is subject to regulatory
approval, and is expected to close during Q4 of 2018.

***

About JDE:
For more than 265 years, we have been inspired by the belief that it’s amazing
what can happen over a cup of coffee or tea. Today our coffee & tea portfolio is
available in over 140 countries around the world through iconic household names
including: Jacobs, Tassimo, Moccona, Senseo, L’OR, Douwe Egberts, Super,
Kenco, Pilao & Gevalia.

About Ofcay:
Of Çaysan Tarım Ürünleri Entegre Tesisleri Sanayi ve Ticaret A.Ş., one of the
leading Turkish firms that has been pioneering the tea business with its Ofçay
branded products and has been continuously operating since 1985, the year in
which the state-monopoly in the tea market was abolished.

Media Enquiries:
Michael Orr, Global Communications Director, JDE
P: +31 20 558 1076
E: Michael.Orr@JDEcoffee.com

Çağla Kasap, Press Contact, Ofcay
P:+90 216 561 0011
E: caglak@ofcay.com.tr