SOURCE: Royal Numico NV

May 04, 2007 11:45 ET

Adjustment of Conversion Price Convertible Bonds 2010

SCHIPHOL AIRPORT, NETHERLANDS -- (MARKET WIRE) -- May 4, 2007 -- Royal Numico N.V. ("Numico") announces that the conversion price of the 3.0% subordinated convertible bonds due 2010 and issued by Numico in July 2003 (the "Convertible Bonds") has been adjusted in accordance with the terms and conditions of the Convertible Bonds.

The conversion price of the Convertible Bonds has been adjusted from EUR 21.4123 to EUR 21.3049. The adjusted conversion price has been calculated following the approval of a dividend of EUR 0.20 per nominal share of EUR 0.25 by Numico's Annual General Meeting of Shareholders held on 25 April 2007.

The conversion price has been adjusted by the Calculation Agent pursuant to conditions 4.4 (ii) and 4.4 (b) formula 2 of the terms and conditions of the Convertible Bonds and rounded on the basis as set out in condition 4.4 (f) of the terms and conditions of the Convertible Bonds.

The adjusted conversion price is effective as of 27 April 2007, the ex-dividend date.

Royal Numico is a high-growth, high-margin specialised nutrition company with leading positions in Baby Food and Clinical Nutrition and brings products to the market under the brand names Nutricia, Milupa, Cow & Gate, Mellin and Dumex, among others. The company serves customers in over 100 countries and employs approx. 13,000 people (see also: www.numico.com).

For any questions you might have, please contact:

Royal Numico N.V. Corporate Communications tel. +31 20 456 9077

Royal Numico N.V. Investor Relations

tel. +31 20 456 9003



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