Tetra Laval International

Comments by the President Martyn Zedgitt:

Bringing added value in another turbulent year for the financial markets

2010 was an unusual and surprising year in several ways. Overall business conditions for our Group improved more quickly than expected, while the financial environment remained very volatile, with sharp fluctuations in foreign exchange and market perceptions of risk. Tetra Laval International (TLI) continued to support the Tetra Laval Board in areas such as risk management, corporate governance and internal controls, increased transparency and focus on cost control. In this context I would like to thank all employees for their continued strong commitment and excellent performance.