Sara Lee Subsidiary DE International Holdings Files Registration Statement To Begin Spin-Off Process

Sara Lee Corporation (NYSE: SLE) today announced that its wholly owned subsidiary, DE International Holdings has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission relating to the spin-off of Sara Lee's Coffee & Tea business and related transactions, which are described in the registration statement. As a result of the spin-off and related transactions, DE International will hold, through its subsidiaries, all of the assets historically associated with the Coffee & Tea segment of Sara Lee, and all of the outstanding ordinary shares of DE International will be owned by the shareholders of Sara Lee, pro rata in accordance with their holdings of Sara Lee common stock. DE International intends to apply to list its shares on the NYSE Euronext in Amsterdam. In addition, DE International intends to change its corporate name before completion of the spin-off.