Market Overview

Hostess Brands, Inc. Announces Launch of Secondary Public Offering by C. Dean Metropoulos

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Hostess Brands, Inc. (the "Company") (NASDAQ:TWNK) today
announced the launch of a public offering of approximately 8 million shares
of its Class A common stock held by entities controlled by C. Dean
Metropoulos, the Company's Chairman. The Company will not issue shares
in the offering and will not receive any proceeds from the sale of the
shares by the selling stockholders in this offering. Mr. Metropoulos has
informed the Company that he intends to use the proceeds from the sale
of these shares to, among other things, fund his philanthropic
commitments.

J.P. Morgan Securities LLC is acting as the sole book-running manager
for the offering and proposes to offer the shares of Class A common
stock from time to time for sale in one or more transactions on the
Nasdaq Capital Market, in the over-the-counter market, through
negotiated transactions or otherwise at prevailing market prices, at
prices related to prevailing market prices or at negotiated prices.

This offering will be made only by means of a prospectus and related
prospectus supplement forming a part of the registration statement
initially filed by the Company with the Securities and Exchange
Commission (the "SEC") on November 14, 2016, which has been
declared effective by the SEC. Copies of the preliminary prospectus
supplement and, when available, final prospectus supplement and related
prospectus relating to the offering may be obtained by contacting:

J.P. Morgan Securities LLC,
c/o Broadridge Financial Solutions
1155
Long Island Avenue
Edgewater, NY 11717
Phone: 866-803-9204

This press release does not constitute an offer to sell or a
solicitation of an offer to buy, nor will there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.

About Hostess Brands, Inc.

Hostess Brands, Inc. is a leading packaged food company focused on
developing, manufacturing, marketing, selling and distributing fresh
baked sweet goods in the United States. The brand's history dates back
to 1919, when the Hostess® CupCake was introduced to the public,
followed by Twinkies® in 1930. Today, the Company produces a variety of
new and classic treats including Ding Dongs®, Ho Hos®, Donettes®,
Hostess Bakery Petites® and Fruit Pies, in addition to Twinkies® and
CupCakes.

Forward-Looking Statements

Certain statements in this press release are forward-looking as defined
in Section 27A of the Securities Act of 1933, as amended and Section 21E
of the Securities Exchange Act of 1934, as amended. Any statements
contained herein that are not statements of historical fact (including,
but not limited to, statements to the effect that Hostess Brands, Inc.
or its management "anticipates," "plans," "estimates," "expects,"
"believes," or the negative of these terms and other similar
expressions) should be considered forward-looking statements, including,
without limitation, the expected size and timing of the offering. These
statements involve certain risks and uncertainties that may cause actual
results to differ materially from expectations as of the date of this
release. These risks and uncertainties include, without limitation,
factors set forth in the Company's registration statement related to the
offering and from time to time in the Company's SEC filings. The Company
intends these forward-looking statements to speak only as of the time of
this release and does not undertake to update or revise them as more
information becomes available, except as required by law.

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