against putting undue reliance on forward-looking statements or projecting any future results based on such statements or present or prior earnings levels. Forward-looking statements speak only
as of the date of this communication, and, except as required by applicable law, the Company does not undertake any obligation to update or supplement any forward-looking statements to reflect actual results, new information, future events, changes
in its expectations or other circumstances that exist after the date as of which the forward-looking statements were made.
Additional Information about
the Proposed Merger and Where to Find It
The Company has filed a definitive proxy statement and a form of proxy card with the SEC in connection with
the solicitation of proxies for the special meeting of the Companys stockholders (the Definitive Proxy Statement).
Any vote in respect
of resolutions to be proposed at the Companys stockholder meeting to approve the Merger or other responses in relation to the Merger should be made only on the basis of the information contained in the Definitive Proxy Statement. Beginning on
September 26, 2024, stockholders were mailed the Definitive Proxy Statement. Investors may obtain free copies of the Definitive Proxy Statement and other documents filed by the Company with the SEC at http://www.sec.gov, the SECs website,
from the Companys website (https://investor.Kellanova.com), or by directing a request to Investor Relations at https://investor. Kellanova.com.
THE
COMPANY URGES INVESTORS TO READ THE DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER MATERIALS FILED WITH THE SEC OR INCORPORATED BY REFERENCE INTO THE DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR
SUPPLEMENTS THERETO) CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY AND THE MERGER.
No Offer or
Solicitation
This communication is for information purposes only and is not intended to and does not constitute, or form part of, an offer, invitation
or the solicitation of an offer or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to the proposed transaction or
otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of
the Securities Act of 1933, as amended.
Participants in the Solicitation
The Company, its directors and certain of its officers and employees, may be deemed to be participants in the solicitation of proxies from Company stockholders
in connection with the Merger. Information about the Companys directors and executive officers is set forth under the captions Proposal 1The MergerInterests of Kellanovas Directors and Officers and Certain
Beneficial Owners of Common StockOfficer and Director Stock Ownership sections of the Definitive Proxy Statement filed with the SEC on September 26,
2024 , under the captions Proposal 1Election of Directors, Corporate Governance, Board and Committee Membership, 2023 Director Compensation and Benefits, Directors Compensation
Table, Compensation and Talent Management Committee Report