CHOCOLATE AND SPREADS

CHOCOLATE AND SPREADS

The Company Nutkao, founded in 1982 by Giuseppe Braida, produces hazelnut spreads and semi-finished products for the confectionery industry. In the 90s, the company began an international expansion that led it to become a leader in the French market (in the private label segment), later broadening its geographical horizons by reaching countries such as Australia, the United States, Belgium, Brazil, North Africa and Spain. In 2006, in addition to their spreads in bucket and in large containers, the company launched two new lines of products (chocolate drops and liquid chocolate), which are available in the B2B channel in the confectionery industry, mainly Italian. Production Site The manufacturing plant is located in Canove di Govone (Cuneo) in a modern industrial complex of 12,000 square meters built in 2001. The total production capacity is 45,000 tons/year. Quality Certifications The application of rigorous control procedures and constant attention to the quality and safety of the product are confirmed by the certifications obtained over the years: ISO 9001:2000 ISO 22000 IFS version 6 BRC version 7 Product Certifications BIO/ORGANIC for the production of spread containing raw materials from organic farming RSPO for the production of spreads with palm oil produced according to criteria of ecological sustainability UTZ for the production of chocolates with cocoa produced according to criteria of ecological sustainability.

Product Range CHOCOLATE Nutkao produces a wide range of basic and essential products for professionals, such as dark, milk, hazelnut and white chocolate. They have different characteristics for colour, flavor and shape, are designed to meet the needs of all customers and suitable for different uses such as: praline coating, moulding and baking. The chocolate is available in drops, chocolate chips or bars. Praline coating Moulding Baking ANHYDROUS SPREAD Nutkao offers a wide range of products that are characterised by the high quality of ingredients used. In particular, to make the spreads, hazelnuts are carefully selected and roasted onsite to obtain a product of the highest quality and freshness. The spreads have different types of creaminess, spreadability and flavor. The many flavors available include milk, cocoa, gianduja, hazelnut and dark, and are suitable for different uses such as cold filling, pre-baking filling, coating, praline filling, and ice cream decoration and coating. The products are available in buckets of 6, 13 and 25 kg with labeled ingredients. Cold filling Coating Praline filling Baking Baking Ice cream decoration and coating IN ADDITION TO A WIDE RANGE OF STANDARD CHOCOLATES AND SPREADS, NUTKAO CAN DEVELOP TAILOR MADE RECIPES TO MEET SPECIFIC REQUIREMENTS.

DARK CHOCOLATE standard drops * EXTRA: Denomination based on EC Directive 2000/36 EC Legislative Decree 178/2003 70G01 70G02 70G30 Dark extra* 52% Complete taste of bitter cocoa Dark extra* 62% Strong taste of bitter cocoa Dark extra* bitter 70% Extra bitter with a high content of cocoa BUTTER 52% 30/32% 62% 38/40% Coating 70% 34/36% MILK CHOCOLATE standard drops * VERY FINE: Denomination based on EC Directive 2000/36 EC Legislative Decree 178/2003 74G01 74G40 74G02 74G22 Milk 34% Perfect balance between cocoa and milk taste Very fine* milk 33% Intense milk taste Pale milk 32% Intense milk taste with a lower cocoa content Very fine* milk 38,5% Strong milk taste, fluid consistency TOTAL FATS 34% 31/32% 33% 31/32% 32% 36% 38,5% 36/37% Coating 12 kg carton 13 PLT of 40 cartons 6,400 kg WHITE CHOCOLATE standard drops 72G02 72G18 White 29% Balanced milk taste White superior 30% Balanced milk taste TOTAL FATS 29% 33/34% 30% 36/37%. Coatings GIANDUJA CHOCOLATE standard drops 76G05 Gianduja 15% hazelnut Balanced hazelnut taste BUTTER 32% 36/38%. Coatings Always available from September to April. From May to August available only for minimum 6,400 kg orders. 76G01 Gianduja superior 22% hazelnut Strong hazelnut taste 30% 36/38%. Coatings 12 kg carton 13 PLT of 40 cartons 6,400 kg

CHOCOLATE chips BUTTER 70M01 Dark medium chips 54% 12,000 pcs/kg 54% 28% Baking products *Su richiesta, Dark con minimo small 4.000 chips kg, 54% è possibile avere le gocce da 6.500 a 12.000 pz/kg, vibrate o non vibrate. 70M31 54% 28% Baking products 20,000 pcs/kg 70M24 74M01 72M01 Dark medium chips 46% 12,000 pcs/kg Milk big chips 30% 6,500 pcs/kg White medium chips 29% 12,000 pcs/kg 46% 28% Baking products 30% / Baking products 12 kg carton 13 PLT of 40 cartons 6,400 kg 29% / Garnishing 12 kg carton 13 PLT of 40 cartons 6,400 kg Codes 70M01, 70M31, 70M24, 74M01, 72M01 can be also realized with different drop size (pcs/kg) with a minimum orderof 6,400 kg. All the small chips can be also produced in the VIBRATED version with a minimum order of 6,400 kg. CHOCOLATE bars Codes 70G01, 70G02, 74G01, 74G40, 74G02, 74G22 could be realized too in blocks of: 2.5 kg (8 blocks for carton box) 5 kg (4 blocks for carton box) Minimum production batch needed 6,400 kg for each reference.

FILLING CREAMS PRODUCT NAME 168U2 Filling cream Economic hazelnut filling cream, 13 kg 1 PLT of 55 buckets Cold filling 169M8 compact texture 25 kg 1 PLT of 24 buckets 167/S Gianduja cream 10% Hazelnut filling cream 10%, 6 kg 1 PLT of 90 buckets Cold filling 168/U smooth texture 13 kg 1 PLT of 55 buckets 154/E 6 kg 1 PLT of 90 buckets Hazelnut plus cream 13% Hazelnut filling cream 13%, spreadable Cold filling 159/G 13 kg 1 PLT of 55 buckets 166/5 White cream White filling cream, neutral base suitable for flavouring Cold filling 13 kg 1 PLT of 55 buckets 150/A Hazelnut and milk cream Hazelnut and milk filling cream, 6 kg 1 PLT of 90 buckets Cold filling 150/E compact texture 13 kg 1 PLT of 55 buckets 155/S Bitter cocoa cream Bitter cocoa cream, neutral base suitable for flavouring Cold filling 6 kg 1 PLT of 90 buckets 154/T 6 kg 1 PLT of 90 buckets Hazelnut baking cream Hazelnut baking cream Cooking 157/T 13 kg 1 PLT of 55 buckets 158/E Cocoa baking cream Cocoa baking cream Cooking 13 kg 1 PLT of 55 buckets 154N6 Ice cream dark coating Coating cream Pinguino with a compact structure Coating 6 kg 1 PLT of 90 buckets 159N3 White praline Milk pralines filling Pralines filling 13 kg 1 PLT of 55 buckets 159N4 Cocoa praline Cocoa pralines filling Pralines filling 13 kg 1 PLT of 55 buckets 159N5 Coffee praline Coffee pralines filling Pralines filling 13 kg 1 PLT of 55 buckets 159N6 Cappuccino praline Cappuccino pralines filling Pralines filling 13 kg 1 PLT of 55 buckets 159N7 Hazelnut praline Hazelnut pralines filling Pralines filling 13 kg 1 PLT of 55 buckets

Peculiar products PRODUCT NAME APPLICATIONS ORDERS Lemon cream Lemon filling cream, smooth texture Cold filling 4,000 kg Hazelnut and milk cream Hazelnut and milk filling cream, compact texture Cooking 4,000 kg Hazelnut baking cream 10% Hazelnut baking cream Cooking 4,000 kg Hazelnut baking cream 0,5% Economic hazelnut baking cream Cooking 4,000 kg Milk and hazelnut variegato Ice cream variegated creams, fluid texture Ice creams 4,000 kg Cocoa and hazelnut variegato Light brown variegated creams, fluid texture Ice creams 4,000 kg Cocoa variegato Dark brown variegated creams, fluid texture Ice creams 4,000 kg White variegato Milk taste variegated creams, fluid texture Ice creams 4,000 kg Profiteroles dark coating Coating cream with a compact structure Coating 4,000 kg Sacher dark coating Coating cream with a solid structure Coating 4,000 kg Available bucket size: 6 kg, 13 kg and 25 kg. 6 kg bucket 13 kg bucket 25 kg bucket

NUTKAO srl Zona Industriale - 12040 Canove di Govone (CN) Italy Tel. +39 0173 621211 - Fax +39 0173 621260 www.nutkao.com