GlobeNewswire Inc | Jan 25, 2021 08:30AM EST

January 25, 2021

ST. LOUIS, Jan. 25, 2021 (GLOBE NEWSWIRE) -- Post Holdings, Inc. (NYSE:POST) (Post) and Conagra Brands, Inc. (NYSE:CAG) (Conagra) today announced that Post has completed the previously announced acquisition of the Peter Pan peanut butter brand from Conagra, effective today.

About Post Holdings, Inc.

Post Holdings, Inc., headquartered in St. Louis, Missouri, is a consumer packaged goods holding company operating in the center-of-the-store, refrigerated, foodservice, food ingredient and convenient nutrition food categories. Its businesses include Post Consumer Brands, Weetabix, Michael Foods, Bob Evans Farms and BellRing Brands. Post Consumer Brands is a leader in the North American ready-to-eat cereal category and also markets Peter Pan peanut butter. Weetabix is home to the United Kingdoms number one selling ready-to-eat cereal brand, Weetabix. Michael Foods and Bob Evans Farms are leaders in refrigerated foods, delivering innovative, value-added egg and refrigerated potato side dish products to the foodservice and retail channels. Posts publicly-traded subsidiary BellRing Brands, Inc. is a holding company operating in the global convenient nutrition category through its primary brands of Premier Protein and Dymatize. Post participates in the private brand food category through its investment with third parties in 8th Avenue Food & Provisions, Inc., a leading, private brand centric, consumer products holding company. For more information, visit www.postholdings.com.

About Conagra Brands

Conagra Brands, Inc. (NYSE: CAG), headquartered inChicago, is one ofNorth America'sleading branded food companies. Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. The companys portfolio is evolving to satisfy people's changing food preferences. Conagras iconic brands, such as Birds Eye,Marie Callender's, Banquet, Healthy Choice, Slim Jim, Reddi-wip, and Vlasic, as well as emerging brands, including Angie's BOOMCHICKAPOP, Duke's, Earth Balance, Gardein, and Frontera, offer choices for every occasion. For more information, visitwww.conagrabrands.com.

Post Holdings Contacts:Investor RelationsJennifer Meyerjennifer.meyer@postholdings.com(314) 644-7665

Media RelationsLisa Hanlylisa.hanly@postholdings.com(314) 665-3180

Conagra Brands Contacts:Media RelationsDan HareDaniel.hare@conagra.com(312) 549-5355

Investor RelationsBrian Kearney ir@conagra.com(312) 549-5002