NSTA Nestle (Reg)

RNS Number:6042G
Nestle SA
24 January 2003


                Nestle And Ethiopian Government Reach Settlement


Vevey, 24 January 2003  -  In Addis Ababa today, representatives of Nestle and
the Ethiopian government signed an agreement reimbursing Nestle approximately
USD 1.5 million for a long-standing property claim on the part of Nestle
Germany. The property, a meat processing business, had been nationalized in 1975
by the government then in power and sold to a private investor in 1998.

As indicated in a statement by Nestle S.A.'s CEO Peter Brabeck dated 23 December
2002, the settlement proceeds will be immediately contributed upon receipt to
famine relief efforts in Ethiopia, which is facing a drought endangering the
lives of many people. The first proceeds of the settlement will be received
within 30 days, and donations will be made to humanitarian organizations working
with the Ethiopian government in providing emergency food aid.

As previously indicated, Nestle is also exploring potential ways it could help
Ethiopia to create longer-term food security and access to water. As the world's
largest food company and largest bottled water company, Nestle has extensive
experience in sourcing water. These efforts are part of Nestle's long-term
commitment to create sustainable economic development and reduce hunger in
Africa.

     Contacts:

             Media:         Hans-Jorg Renk             Tel.:  +41-21-924 3726

             Investors:     Roddy Child-Villiers       Tel.:  +41-21-924 3622



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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