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               22 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        434,160     0.03%        261,544     0.02%

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

(3) Options and agreements     739,300     0.05%      1,338,500     0.09%
to purchase/sell

Total                        1,173,460     0.08%      1,600,044     0.11%


(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                     3,500                   27.978571
Sale                     2,000                   27.9955
Sale                     400                     27.935
Sale                     100                     28.16
Sale                     3,100                   27.91967742
Sale                     6,200                   27.98522581
Sale                     300                     28
Sale                     5,300                   27.91443396
Sale                     2,000                   27.9898
Sale                     900                     27.895
Sale                     97                      28.03917526
Sale                     2,500                   27.94264
Sale                     100                     28.009
Sale                     7,000                   28.01831429
Sale                     700                     27.94142857
Sale                     1,700                   28.09705882
Sale                     100                     27.98
Sale                     8,600                   27.91306047
Sale                     11,200                  27.916
Sale                     7,200                   27.9135
Sale                     300                     28.09666667
Sale                     1,400                   27.99571429
Sale                     100                     27.89
Sale                     500                     27.934
Sale                     500                     27.9392
Sale                     2,200                   27.99318182
Sale                     3,600                   27.91861111
Sale                     8,600                   28.00454651
Sale                     2,800                   27.98264286
Sale                     5,600                   27.91089286
Sale                     1,500                   27.968
Sale                     200                     27.93
Sale                     4,900                   28.00957143
Sale                     1,548                   27.87
Sale                     2,200                   27.92045455
Sale                     200                     27.91
Sale                     33,461                  27.97400165
Sale                     10,561                  27.87
Sale                     36,348                  27.91834929
Sale                     69                      28.04
Sale                     200                     27.97
Sale                     3,200                   28.03
Sale                     2,814                   27.88132196
Sale                     5,840                   27.87284247
Sale                     15,750                  28.0893
Sale                     1,593                   27.9075
Sale                     100                     28
Sale                     14,200                  27.88510563
Sale                     11,300                  27.86876106
Sale                     1,500                   27.86
Sale                     1,600                   27.87375
Sale                     7,746                   27.89193907
Sale                     1,500                   27.981
Sale                     10                      27.98
Sale                     375                     27.98
Sale                     30,000                  27.9499
Sale                     35,616                  28.0857
Sale                     1,600                   28.0098
Sale                     25,000                  27.6958
Sale                     10,000                  27.69
Sale                     500                     27.9678
Sale                     100                     27.97
Purchase                 1,000                   27.9366
Purchase                 1,000                   27.9366
Purchase                 2,000                   27.9955
Purchase                 2,400                   27.919583
Purchase                 200                     27.93
Purchase                 500                     27.9
Purchase                 800                     28.1125
Purchase                 200                     28
Purchase                 100                     27.919
Purchase                 8,300                   27.98661446
Purchase                 100                     28.16
Purchase                 7,000                   27.90121429
Purchase                 11,200                  27.91603571
Purchase                 1,000                   28.002
Purchase                 100                     28
Purchase                 77                      28
Purchase                 8,000                   27.97476375
Purchase                 10,600                  27.99224623
Purchase                 100                     27.98
Purchase                 6,200                   27.91158387
Purchase                 2,500                   27.97976
Purchase                 100                     28.02
Purchase                 300                     28.00666667
Purchase                 2,500                   27.9304
Purchase                 7,600                   28.01348684
Purchase                 3,000                   27.891
Purchase                 5,900                   27.9459322
Purchase                 124                     27.87
Purchase                 900                     28.08333333
Purchase                 7,200                   27.91347222
Purchase                 20                      28.19
Purchase                 1,500                   27.968
Purchase                 1,700                   28.013529
Purchase                 12,861                  27.87
Purchase                 3,500                   27.97857143
Purchase                 20,600                  28.03893204
Purchase                 193                     27.87
Purchase                 100                     28
Purchase                 500                     28.03
Purchase                 1,548                   27.87
Purchase                 100                     27.935
Purchase                 100                     27.92
Purchase                 18,961                  27.89768841
Purchase                 96                      27.91
Purchase                 600                     27.92
Purchase                 7,300                   27.91575342
Purchase                 100                     27.91
Purchase                 500                     28.03
Purchase                 2,000                   28.03
Purchase                 500                     27.9698
Purchase                 700                     27.91285714
Purchase                 300                     27.97
Purchase                 69                      28.04
Purchase                 16,904                  27.91644749
Purchase                 1,300                   27.92330769
Purchase                 900                     27.90777778
Purchase                 500                     27.9678
Purchase                 200                     28.24
Purchase                 500                     28.034
Purchase                 800                     28.07625
Purchase                 2,800                   27.96417857
Purchase                 400                     27.9525
Purchase                 3,900                   27.96487179
Purchase                 500                     28.064
Purchase                 1,400                   27.97857143
Purchase                 100                     28.04
Purchase                 400                     27.945
Purchase                 21,600                  28.05013889
Purchase                 400                     28.1
Purchase                 11,300                  27.72806195
Purchase                 3,100                   28.00967742
Purchase                 25,450                  27.84955442
Purchase                 18,164                  27.9694891
Purchase                 5,584                   28.01010029
Purchase                 8,016                   28.0650499
Purchase                 100                     28.05
Purchase                 14,252                  28.07627561
Purchase                 1,885                   27.98079576
Purchase                 10,000                  27.69
Purchase                 300                     27.896



(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 of    Exercise Type,     Expiry    Option
name,         selling,    securities   price    e.g.      date      money
e.g. call     purchasing, to which     (USD)    American,           paid/received
option        varying     the option            European            per unit
              etc.        relates               etc.                (Note 4)
                          (Note 6)
Put Option    Selling      100         27      American  20/03/2010  0.6
Put Option    Selling      100         25      American  22/01/2011  1.6
Call Option   Selling      200         25      American  22/01/2011  3.84
Call Option   Selling      100         30      American  22/01/2011  1.27
Call Option   Selling      100         30      American  20/02/2010  0.15
Call Option   Selling      100         30      American  20/02/2010  0.15
Call Option   Selling      100         30      American  20/02/2010  0.15
Call Option   Selling      100         30      American  20/02/2010  0.15
Call Option   Selling      100         30      American  20/02/2010  0.15
Call Option   Selling      200         30      American  20/02/2010  0.15
Call Option   Selling      500         24      American  19/06/2010  4.2
Call Option   Selling      1,000       24      American  19/06/2010  4.2
Call Option   Selling      5,600       28      American  20/02/2010  0.75
Call Option   Selling      8,000       28      American  20/02/2010  0.75
Call Option   Selling      2,000       28      American  20/02/2010  0.75
Call Option   Selling      100         28      American  20/02/2010  0.75
Call Option   Selling      1,300       28      American  20/02/2010  0.8
Put Option    Purchasing   300         30      American  20/02/2010  2.15
Put Option    Purchasing   200         27      American  20/02/2010  0.3
Put Option    Purchasing   100         27      American  20/02/2010  0.4
Put Option    Purchasing   100         28      American  20/02/2010  0.8
Put Option    Purchasing   2,600       26      American  19/06/2010  0.9
Put Option    Purchasing   100         28      American  19/06/2010  1.75
Put Option    Purchasing   100         28      American  18/09/2010  2.3
Put Option    Purchasing   100         28      American  18/09/2010  2.3
Put Option    Purchasing   100         25      American  18/09/2010  1
Put Option    Purchasing   100         25      American  18/09/2010  1
Put Option    Purchasing   100         25      American  18/09/2010  1
Put Option    Purchasing   100         25      American  18/09/2010  1.05
Put Option    Purchasing   100         25      American  18/09/2010  1.05
Put Option    Purchasing   100         25      American  18/09/2010  1.05
Put Option    Purchasing   200         25      American  18/09/2010  1.05
Put Option    Purchasing   100         26      American  18/09/2010  1.25
Put Option    Purchasing   100         26      American  18/09/2010  1.25
Put Option    Purchasing   200         27      American  18/09/2010  1.8
Put Option    Purchasing   800         27      American  18/09/2010  1.8
Put Option    Purchasing   100         27      American  18/09/2010  1.8
Put Option    Purchasing   500         27      American  19/06/2010  1.2
Put Option    Purchasing   100         25      American  19/06/2010  0.6
Put Option    Purchasing   100         25      American  19/06/2010  0.6
Put Option    Purchasing   400         30      American  19/06/2010  3
Put Option    Purchasing   100         30      American  19/06/2010  3
Call Option   Purchasing   300         35      American  21/01/2012  0.7
Call Option   Purchasing   100         20      American  20/03/2010  8
Call Option   Purchasing   100         20      American  20/03/2010  8
Call Option   Purchasing   200         33      American  18/09/2010  0.3
Call Option   Purchasing   200         30      American  18/09/2010  1
Call Option   Purchasing   100         29      American  19/06/2010  1
Call Option   Purchasing   100         31      American  19/06/2010  0.4
Call Option   Purchasing   100         30      American  21/01/2012  1.85
Call Option   Purchasing   500         28      American  20/02/2010  0.75
Call Option   Purchasing   300         28      American  20/02/2010  0.75
Call Option   Purchasing   300         30      American  22/01/2011  1.34906609
Call Option   Purchasing   200         29      American  20/02/2010  0.3
Call Option   Purchasing   100         29      American  20/02/2010  0.35
Call Option   Purchasing   100         29      American  20/02/2010  0.35



(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                         25 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    Number of     Exercise  Type,      Expiry date
name,        or         securities    price     e.g.
e.g. call    purchased  to which      (Note 2)  American,
option                  the option    (USD)     European
                        or                      etc.
                        derivative
                        relates
Put Option   Sold       300           20        American   19/06/2010
Put Option   Sold       78,200        27        American   20/02/2010
Put Option   Sold       200           12.5      American   22/01/2011
Put Option   Sold       1,300         32        American   18/09/2010
Put Option   Sold       28,400        28        American   20/02/2010
Put Option   Sold       2,700         33        American   20/03/2010
Put Option   Sold       11,800        32        American   19/06/2010
Put Option   Sold       1,500         32        American   20/03/2010
Put Option   Sold       172,900       30        American   20/03/2010
Put Option   Sold       2,700         25        American   21/01/2012
Call Option  Sold       41,700        28        American   20/03/2010
Call Option  Sold       1,500         45        American   22/01/2011
Call Option  Sold       377,400       29        American   20/03/2010
Call Option  Sold       100           17.5      American   22/01/2011
Call Option  Sold       600           33        American   20/03/2010
Call Option  Sold       1,800         35        American   19/06/2010
Call Option  Sold       12,400        25        American   21/01/2012
Call Option  Sold       2,100         15        American   22/01/2011
Call Option  Sold       8,300         50        American   22/01/2011
Call Option  Sold       2,400         24        American   19/06/2010
Call Option  Sold       9,600         22.5      American   22/01/2011
Call Option  Sold       36,200        30        American   22/01/2011
Call Option  Sold       3,000         28        American   19/06/2010
Call Option  Sold       27,600        26        American   19/06/2010
Call Option  Sold       1,800         35        American   21/01/2012
Call Option  Sold       4,700         30        American   20/02/2010
Call Option  Sold       48,400        30        American   19/06/2010
Call Option  Sold       3,800         40        American   22/01/2011
Call Option  Sold       30,000        26        American   20/02/2010
Call Option  Sold       14,300        30        American   20/03/2010
Call Option  Sold       73,800        25        American   22/01/2011
Call Option  Sold       27,300        35        American   22/01/2011
Call Option  Sold       500           32        American   20/03/2010
Put Option   Purchased  100           50        American   22/01/2011
Put Option   Purchased  500           17.5      American   22/01/2011
Put Option   Purchased  900           30        American   21/01/2012
Put Option   Purchased  500           31        American   19/06/2010
Put Option   Purchased  27,600        30        American   22/01/2011
Put Option   Purchased  1,100         26        American   18/09/2010
Put Option   Purchased  4,200         25        American   19/06/2010
Put Option   Purchased  1,200         21        American   20/03/2010
Put Option   Purchased  33,500        23        American   20/03/2010
Put Option   Purchased  8,700         15        American   22/01/2011
Put Option   Purchased  5,100         33        American   18/09/2010
Put Option   Purchased  72,200        26        American   20/03/2010
Put Option   Purchased  27,300        31        American   20/02/2010
Put Option   Purchased  1,300         27        American   18/09/2010
Put Option   Purchased  120,000       30        American   20/02/2010
Put Option   Purchased  600           28        American   18/09/2010
Put Option   Purchased  9,900         25        American   20/03/2010
Put Option   Purchased  7,800         35        American   22/01/2011
Put Option   Purchased  9,200         20        American   22/01/2011
Put Option   Purchased  5,400         30        American   19/06/2010
Put Option   Purchased  2,900         24        American   20/03/2010
Put Option   Purchased  5,500         40        American   22/01/2011
Put Option   Purchased  106,800       25        American   22/01/2011
Put Option   Purchased  3,400         29        American   19/06/2010
Put Option   Purchased  500           23        American   19/06/2010
Put Option   Purchased  100           30        American   18/09/2010
Put Option   Purchased  800           25        American   18/09/2010
Put Option   Purchased  1,900         27        American   19/06/2010
Call Option  Purchased  11,200        31        American   20/02/2010
Call Option  Purchased  2,000         26        American   20/03/2010
Call Option  Purchased  200           23        American   19/06/2010
Call Option  Purchased  1,500         29        American   19/06/2010
Call Option  Purchased  4,500         31        American   19/06/2010
Call Option  Purchased  2,400         20        American   22/01/2011
Call Option  Purchased  200           28        American   18/09/2010
Call Option  Purchased  8,800         27        American   20/02/2010
Call Option  Purchased  134,200       29        American   20/02/2010
Call Option  Purchased  200           20        American   20/03/2010
Call Option  Purchased  300           27        American   18/09/2010
Call Option  Purchased  800           30        American   18/09/2010
Call Option  Purchased  100           26        American   18/09/2010
Call Option  Purchased  500           32        American   19/06/2010
Call Option  Purchased  300           25        American   20/03/2010
Call Option  Purchased  10,500        31        American   20/03/2010
Call Option  Purchased  200           33        American   19/06/2010
Call Option  Purchased  2,900         34        American   19/06/2010
Call Option  Purchased  300           29        American   18/09/2010
Call Option  Purchased  8,800         30        American   21/01/2012
Call Option  Purchased  76,700        27        American   20/03/2010
Call Option  Purchased  100           25        American   19/06/2010
Call Option  Purchased  11,400        28        American   20/02/2010
Call Option  Purchased  900           20        American   21/01/2012
Call Option  Purchased  200           27        American   19/06/2010
Call Option  Purchased  300           32        American   18/09/2010
Call Option  Purchased  600           31        American   18/09/2010
Call Option  Purchased  200           33        American   18/09/2010

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