EPT Disclosure Kraft Foods Inc

FORM 38.5(b)

                 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS
            WITHOUT RECOGNISED INTERMEDIARY STATUS, OR WITH RI STATUS
                  BUT NOT DEALING IN A CLIENT-SERVING CAPACITY
                       (Rule 38.5(b) of the Takeover Code)


1.   KEY INFORMATION

Name of exempt principal      Barclays Capital Inc
trader
Company dealt in              Kraft Foods Inc
Class of relevant security    A Common
to which the dealings being
disclosed relate (Note 1)
Date of dealing               15 January 2010


2.   INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)  Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 2)

                                      Long                  Short

                                  Number       (%)      Number         (%)

(1) Relevant securities          848,390     0.06%     318,033       0.02%

(2)  Derivatives (other  than          0     0.00%           0       0.00%
options)

(3) Options and agreements       895,600     0.06%   2,120,500       0.14%
to purchase/sell

Total                          1,743,990     0.12%   2,438,533       0.16%


(b)  Interests and short positions in relevant securities of the company, other
     than the class dealt in (Note 2)

Class of relevant security:           Long                  Short

                              Number                Number
                              (%)                   (%)
(1) Relevant securities

(2)  Derivatives (other  than
options)

(3) Options and agreements
to purchase/sell

Total


  (c)  Rights to subscribe (Note 2)

Class of relevant security:   Details



3.   DEALINGS (Note 3)

(a)  Purchases and sales

Purchase/sale            Number of securities    Price per unit (Note 4)
                                                 (USD)
Sale                     12,761                  29.21889977
Sale                     4,200                   29.187976
Sale                     13                      29.1366
Sale                     13                      29.1366
Sale                     100                     29.56
Sale                     500                     28.94
Sale                     400                     28.7825
Sale                     200                     29.55
Sale                     127                     29.56
Sale                     1,000                   28.951
Sale                     1,000                   29.701
Sale                     200                     28.9
Sale                     6,200                   29.55435484
Sale                     3,300                   29.05724242
Sale                     1,000                   28.83
Sale                     5,800                   29.1757069
Sale                     1,200                   28.96208333
Sale                     3,312                   28.79935085
Sale                     5,005                   29.46236963
Sale                     12                      29
Sale                     783                     29.72
Sale                     1,863                   29.70675255
Sale                     33,001                  29.31601728
Sale                     200                     29.59
Sale                     231                     28.7901
Sale                     600                     29.23333333
Sale                     4,421                   29.41268944
Sale                     90,292                  29.35591835
Sale                     6,000                   29.1225
Sale                     200                     28.88
Sale                     2,700                   29.10037037
Sale                     3,400                   29.60411765
Sale                     500                     29.1762
Sale                     27,800                  29.57348201
Sale                     4,500                   29.16422222
Sale                     6,500                   29.26246154
Sale                     200                     29.125
Sale                     50,800                  29.529
Sale                     300                     28.79
Sale                     700                     28.99771429
Sale                     131,100                 29.44217239
Sale                     3,800                   28.991579
Sale                     23,346                  29.42261458
Sale                     4,097                   29.4277154
Sale                     4,600                   29.36782609
Sale                     7,700                   29.40324675
Sale                     2,795                   29.37989267
Sale                     4,926                   29.40226553
Sale                     500                     29.31
Sale                     100                     29.31
Sale                     8,089                   28.87939548
Sale                     100                     29.31
Sale                     1,100                   28.79
Sale                     453                     29.1366
Sale                     2,087                   29.1366
Sale                     14,236                  29.58
Sale                     40,800                  29.3694951
Sale                     7,500                   28.77586667
Sale                     23,100                  29.56116883
Sale                     3,100                   28.76967742
Sale                     26,800                  29.58544776
Sale                     78,635                  29.56638942
Sale                     200                     28.79
Sale                     182,400                 29.48443257
Sale                     2,582                   29.44555383
Sale                     11,000                  29.53290909
Sale                     300                     28.79
Sale                     2,100                   28.77447619
Sale                     24,800                  29.53600806
Sale                     34,950                  28.4963103
Sale                     2,300                   28.7757
Sale                     3,200                   29.5940625
Sale                     2,338                   29.60106074
Sale                     4,015                   29.72139477
Sale                     447                     29.58013423
Sale                     100                     29.56
Sale                     600                     29.484
Sale                     4,900                   29.41714286
Sale                     400                     29
Sale                     267                     28.99
Sale                     700                     29.551
Sale                     4,600                   29.69913043
Sale                     1,900                   29.68684211
Sale                     900                     29.68555556
Sale                     2,300                   29.68565217
Sale                     500                     29.5184
Sale                     106,713                 28.18
Sale                     1,100                   29.58
Sale                     6,900                   28.77791739
Sale                     50,683                  29.47532072
Sale                     300                     29.59
Sale                     1,000                   29.684
Sale                     9,300                   29.68164194
Sale                     7,600                   29.59123684
Sale                     2,300                   29.5016087
Sale                     700                     28.95
Sale                     13                      29.1366
Purchase                 3,800                   28.99157895
Purchase                 10,000                  29.1192
Purchase                 2,761                   29.58
Purchase                 4,500                   29.16417778
Purchase                 13                      29.1366
Purchase                 453                     29.1366
Purchase                 300                     28.79
Purchase                 1,000                   29.701
Purchase                 3,300                   29.05724242
Purchase                 1,000                   28.83
Purchase                 49,500                  29.52945051
Purchase                 1,300                   29.51207692
Purchase                 200                     28.9
Purchase                 50,200                  29.35130876
Purchase                 4,421                   29.41268944
Purchase                 250                     28.19
Purchase                 13,200                  29.34590909
Purchase                 8,200                   29.31878049
Purchase                 13,486                  29.39351921
Purchase                 1,062                   28.75566855
Purchase                 7,206                   29.25136137
Purchase                 41,695                  29.35576995
Purchase                 7,400                   29.4583
Purchase                 5,800                   29.1757
Purchase                 4,200                   29.18797619
Purchase                 500                     29.1762
Purchase                 200                     28.95
Purchase                 3,400                   29.07923529
Purchase                 131,100                 29.44217239
Purchase                 27,600                  29.57804348
Purchase                 3,600                   29.56387222
Purchase                 6,500                   29.262462
Purchase                 2,087                   29.1366
Purchase                 6,000                   29.1225
Purchase                 200                     28.95
Purchase                 2,087                   29.1366
Purchase                 16,100                  29.58138634
Purchase                 25,994                  29.55040817
Purchase                 18,100                  29.58453591
Purchase                 19,196                  29.51008856
Purchase                 26,319                  29.52251529
Purchase                 453                     29.1366
Purchase                 10,900                  28.48954128
Purchase                 1,600                   28.774375
Purchase                 2,500                   28.5404
Purchase                 3                       28.75
Purchase                 12,600                  28.49178492
Purchase                 200                     28.7895
Purchase                 8,347                   28.51944172
Purchase                 400,000                 29.5149
Purchase                 1,300                   29.52007692
Purchase                 400                     29
Purchase                 100                     29.56
Purchase                 4,900                   29.41714286
Purchase                 500                     29.5184
Purchase                 267                     28.99
Purchase                 13                      29.1366
Purchase                 1,100                   29.58
Purchase                 30,261                  29.54374343
Purchase                 43,400                  29.56117512
Purchase                 12,430                  29.57348351
Purchase                 21,200                  28.7766
Purchase                 1,100                   28.46545455
Purchase                 20,000                  29.6869135
Purchase                 88,700                  29.3899
Purchase                 500                     28.95



(b)  Derivatives transactions (other than options)

Product       Long/short       Number of securities   Price per unit
name,         (Note 5)         (Note 6)               (Note 4)
e.g. CFD




(c)  Options transactions in respect of existing securities

(i)  Writing, selling, purchasing or varying

Product       Writing,    Number    Exercise Type,    Expiry       Option
name,         selling,    of        price    e.g.     date         money
e.g. call     purchasing, securities         American,             paid/
option        varying     to        (USD)    European              received
              etc.        which              etc.                  per unit
                          the                                      (Note 4)
                          option
                          relates
                          (Note 6)
Put Option    Selling     100       30      American  20/03/2010    1.15
Put Option    Selling     100       28      American  20/02/2010    0.45
Put Option    Selling     100       28      American  20/02/2010    0.45
Put Option    Selling     400       28      American  19/06/2010    1.37
Put Option    Selling     100       20      American  19/06/2010    0.05
Put Option    Selling     100       24      American  20/03/2010    0.05
Put Option    Selling     100       25      American  19/06/2010    0.4
Put Option    Selling     100       25      American  19/06/2010    0.4
Put Option    Selling     100       20      American  22/01/2011    0.3
Call Option   Selling     100       29      American  16/01/2010    0.8
Call Option   Selling     200       27.5    American  16/01/2010    1.25
Call Option   Selling     100       27.5    American  16/01/2010    1.25
Call Option   Selling     600       26      American  19/06/2010    3.8
Call Option   Selling     9,000     28      American  20/02/2010    1.25
Call Option   Selling     100       28      American  20/02/2010    1.25
Call Option   Selling     300       35      American  21/01/2012    1.15
Call Option   Selling     400       30      American  19/06/2010    0.93
Put Option    Purchasing  200       27      American  20/03/2010    0.42
Put Option    Purchasing  2,600     29      American  20/03/2010    1
Put Option    Purchasing  100       30      American  21/01/2012    4.9
Put Option    Purchasing  100       30      American  21/01/2012    4.9
Put Option    Purchasing  100       30      American  21/01/2012    4.9
Put Option    Purchasing  100       30      American  16/01/2010    0.3
Put Option    Purchasing  1,000     29      American  16/01/2010    0.25
Put Option    Purchasing  100       29      American  16/01/2010    0.25
Call Option   Purchasing  900       29      American  16/01/2010    0.3
Call Option   Purchasing  200       28      American  20/03/2010    2.05
Call Option   Purchasing  100       30      American  22/01/2011    1.48
Call Option   Purchasing  100       30      American  22/01/2011    1.55
Call Option   Purchasing  600       30      American  22/01/2011    1.65
Call Option   Purchasing  100       35      American  22/01/2011    0.5
Call Option   Purchasing  100       30      American  20/03/2010    0.45
Call Option   Purchasing  300       30      American  20/03/2010    0.6
Call Option   Purchasing  100       30      American  20/03/2010    0.8
Call Option   Purchasing  1,700     28      American  20/02/2010    1.45
Call Option   Purchasing  100       33      American  19/06/2010    0.15
Call Option   Purchasing  200       27      American  19/06/2010    2.5
Call Option   Purchasing  800       20      American  21/01/2012    9.3
Call Option   Purchasing  100       31      American  19/06/2010    0.55
Call Option   Purchasing  100       31      American  19/06/2010    0.75
Call Option   Purchasing  200       31      American  19/06/2010    0.9
Call Option   Purchasing  100       29      American  19/06/2010    1.3
Call Option   Purchasing  100       29      American  19/06/2010    1.3
Call Option   Purchasing  100       29      American  19/06/2010    1.3
Call Option   Purchasing  100       29      American  19/06/2010    1.3
Call Option   Purchasing  300       29      American  19/06/2010    1.7
Call Option   Purchasing  300       29      American  19/06/2010    1.75
Call Option   Purchasing  200       29      American  19/06/2010    1.75
Call Option   Purchasing  100       29      American  19/06/2010    1.75
Call Option   Purchasing  100       30      American  19/06/2010    0.95
Call Option   Purchasing  500       31      American  20/02/2010    0.3
Call Option   Purchasing  500       31      American  20/02/2010    0.3
Call Option   Purchasing  500       31      American  20/02/2010    0.3
Call Option   Purchasing  1,700     31      American  20/02/2010    0.3
Call Option   Purchasing  600       31      American  20/02/2010    0.3
Call Option   Purchasing  800       31      American  20/02/2010    0.3
Call Option   Purchasing  800       31      American  20/02/2010    0.3
Call Option   Purchasing  1,800     31      American  20/02/2010    0.3
Call Option   Purchasing  800       31      American  20/02/2010    0.3
Call Option   Purchasing  200       29      American  20/02/2010    0.68
Call Option   Purchasing  400       29      American  20/02/2010    0.75


(ii) Exercising

Product name, e.g. call  Number of securities    Exercise price per unit
option                                           (Note 4)


(d)  Other dealings (including new securities) (Note 3)


Nature of transaction    Details                 Price per unit (if
(Note 7)                                         applicable) (Note 4)




4.   OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives


Full details of any agreement, arrangement or understanding between the
person disclosing and any other person relating to the voting rights of
any relevant securities under any option referred to on this form or
relating to the voting rights or future acquisition or disposal of any
relevant securities to which any derivative referred to on this form is
referenced.  If none, this should be stated.




Is a Supplemental Form 38.5(b) attached? (Note 8)                YES


Date of disclosure                         18 January 2010
Contact name                               Geoff Smith
Telephone number                           020 7116 2913
Name of offeree/offeror with which         Kraft Foods Inc
connected
Nature of connection (Note 9)              Advisor


SUPPLEMENTAL FORM 38.5(b)

                            DETAILS OF OPEN POSITIONS
                 (This form should be attached to Form 38.5(b))


OPEN POSITIONS (Note 1)

Product      Written or  Number of    Exercise   Type,      Expiry date
name,        purchased   securities   price      e.g.
e.g. call                to which     (Note 2)   American,
option                   the option   (USD)      European
                         or                      etc.
                         derivative
                         relates
Put Option   Sold        260,200      30         American   20/02/2010
Put Option   Sold        2,700        33         American   20/03/2010
Put Option   Sold        7,100        26         American   19/06/2010
Put Option   Sold        47,200       22.5       American   16/01/2010
Put Option   Sold        14,200       28         American   20/02/2010
Put Option   Sold        7,100        28         American   20/03/2010
Put Option   Sold        1,800        35         American   21/01/2012
Put Option   Sold        14,600       24         American   16/01/2010
Put Option   Sold        200          35         American   20/03/2010
Put Option   Sold        2,000        27         American   20/03/2010
Put Option   Sold        173,200      30         American   20/03/2010
Put Option   Sold        8,800        31         American   20/03/2010
Put Option   Sold        8,600        28         American   19/06/2010
Put Option   Sold        1,700        25         American   21/01/2012
Put Option   Sold        148,600      25         American   16/01/2010
Put Option   Sold        13,300       29         American   20/02/2010
Put Option   Sold        1,000        29         American   20/03/2010
Put Option   Sold        300          20         American   19/06/2010
Put Option   Sold        200          12.5       American   22/01/2011
Put Option   Sold        1,600        20         American   21/01/2012
Put Option   Sold        500          26         American   16/01/2010
Put Option   Sold        79,500       27         American   20/02/2010
Put Option   Sold        1,500        32         American   20/03/2010
Put Option   Sold        26,800       22.5       American   22/01/2011
Put Option   Sold        800          12.5       American   16/01/2010
Put Option   Sold        1,000        27         American   19/06/2010
Put Option   Sold        100          10         American   22/01/2011
Call Option  Sold        27,700       35         American   22/01/2011
Call Option  Sold        600          33         American   20/03/2010
Call Option  Sold        73,700       25         American   22/01/2011
Call Option  Sold        10,100       35         American   16/01/2010
Call Option  Sold        11,500       25         American   21/01/2012
Call Option  Sold        160,400      27.5       American   16/01/2010
Call Option  Sold        11,500       28         American   20/02/2010
Call Option  Sold        27,500       26         American   19/06/2010
Call Option  Sold        2,100        15         American   22/01/2011
Call Option  Sold        102,500      30         American   16/01/2010
Call Option  Sold        294,100      29         American   16/01/2010
Call Option  Sold        100          17.5       American   22/01/2011
Call Option  Sold        37,700       30         American   22/01/2011
Call Option  Sold        1,500        45         American   22/01/2011
Call Option  Sold        200          31         American   16/01/2010
Call Option  Sold        50,400       26         American   20/02/2010
Call Option  Sold        41,800       28         American   20/03/2010
Call Option  Sold        500          32         American   20/03/2010
Call Option  Sold        8,300        50         American   22/01/2011
Call Option  Sold        2,100        35         American   21/01/2012
Call Option  Sold        10,400       40         American   16/01/2010
Call Option  Sold        14,500       30         American   20/03/2010
Call Option  Sold        1,800        35         American   19/06/2010
Call Option  Sold        3,800        40         American   22/01/2011
Call Option  Sold        1,200        37.5       American   16/01/2010
Call Option  Sold        380,400      29         American   20/03/2010
Call Option  Sold        100          25         American   16/01/2010
Call Option  Sold        9,600        22.5       American   22/01/2011
Call Option  Sold        9,800        30         American   20/02/2010
Put Option   Purchased   2,900        24         American   20/03/2010
Put Option   Purchased   9,300        20         American   22/01/2011
Put Option   Purchased   6,800        35         American   22/01/2011
Put Option   Purchased   900          30         American   21/01/2012
Put Option   Purchased   3,100        15         American   16/01/2010
Put Option   Purchased   4,900        30         American   19/06/2010
Put Option   Purchased   8,700        15         American   22/01/2011
Put Option   Purchased   51,000       27.5       American   16/01/2010
Put Option   Purchased   13,300       25         American   20/03/2010
Put Option   Purchased   33,500       23         American   20/03/2010
Put Option   Purchased   109,400      25         American   22/01/2011
Put Option   Purchased   27,500       30         American   22/01/2011
Put Option   Purchased   700          17.5       American   16/01/2010
Put Option   Purchased   3,400        29         American   19/06/2010
Put Option   Purchased   500          17.5       American   22/01/2011
Put Option   Purchased   5,500        40         American   22/01/2011
Put Option   Purchased   100          50         American   22/01/2011
Put Option   Purchased   2,000        30         American   16/01/2010
Put Option   Purchased   11,600       29         American   16/01/2010
Put Option   Purchased   2,800        32.5       American   16/01/2010
Put Option   Purchased   1,200        21         American   20/03/2010
Put Option   Purchased   1,600        24         American   19/06/2010
Put Option   Purchased   23,200       25         American   16/01/2010
Put Option   Purchased   72,300       26         American   20/03/2010
Put Option   Purchased   27,800       31         American   20/02/2010
Put Option   Purchased   27,400       20         American   16/01/2010
Put Option   Purchased   3,600        25         American   19/06/2010
Put Option   Purchased   700          23         American   19/06/2010
Put Option   Purchased   44,000       26         American   16/01/2010
Put Option   Purchased   7,400        35         American   16/01/2010
Call Option  Purchased   136,900      29         American   20/02/2010
Call Option  Purchased   100          26         American   16/01/2010
Call Option  Purchased   2,300        20         American   22/01/2011
Call Option  Purchased   31,800       25         American   16/01/2010
Call Option  Purchased   44,000       29         American   16/01/2010
Call Option  Purchased   11,800       22.5       American   16/01/2010
Call Option  Purchased   12,700       32.5       American   16/01/2010
Call Option  Purchased   100          24         American   19/06/2010
Call Option  Purchased   9,600        30         American   21/01/2012
Call Option  Purchased   1,700        26         American   20/03/2010
Call Option  Purchased   100          25         American   19/06/2010
Call Option  Purchased   200          23         American   19/06/2010
Call Option  Purchased   5,500        45         American   16/01/2010
Call Option  Purchased   300          25         American   20/03/2010
Call Option  Purchased   200          27         American   19/06/2010
Call Option  Purchased   5,100        29         American   19/06/2010
Call Option  Purchased   9,100        27         American   20/02/2010
Call Option  Purchased   11,300       31         American   20/02/2010
Call Option  Purchased   76,400       27         American   20/03/2010
Call Option  Purchased   10,500       31         American   20/03/2010
Call Option  Purchased   3,400        31         American   19/06/2010
Call Option  Purchased   100          33         American   19/06/2010
Call Option  Purchased   1,700        20         American   21/01/2012
Call Option  Purchased   7,700        30         American   19/06/2010
Call Option  Purchased   5,900        28         American   19/06/2010

Notes

1. Where there are open option positions or open derivative positions (except
 for CFDs), full details should be given.  Full details of any existing
 agreements to purchase or to sell should also be given on this form.

2. For all prices and other monetary amounts, the currency must be stated.

For details of the Code's dealing disclosure requirements, see Rules 8 and 38.5
and their Notes which can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk