Market Overview

Hostess Brands, Inc. Announces Closing of Secondary Public Offering by Selling Stockholders

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

J.P. Morgan Securities LLC acted as sole book-running manager for the
offering and intends 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 was 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 was declared
effective by the SEC. Copies of the 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

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 Donettes®, Ding Dongs®, Zingers®,
danishes, honey buns and coffee cakes, 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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