J. M. Smucker Extends Offer to Acquire Hostess Brands Until Noon Tuesday

The J. M. Smucker Co. (NYSE:SJM) ("Company") announced today that it has extended its previously announced offer (the "Offer") to exchange for each outstanding share of Class A common stock of Hostess Brands, Inc. (NASDAQ:TWNK) ("Hostess Brands") ("Hostess Brands Shares"), par value $0.0001, $30.00 in cash and 0.03002 of Company common shares, no par value, with cash in lieu of any fractional Company common shares, without interest thereon and subject to any required withholding, pursuant to the terms of that certain Agreement and Plan of Merger, dated as of September 10, 2023, by and among the Company, Hostess Brands, and SSF Holdings, Inc., a Delaware corporation and wholly owned subsidiary of the Company (as may be amended or supplemented from time to time, the "Merger Agreement").

The Offer, which was previously scheduled to expire one minute after 11:59 p.m., Eastern Time, on November 6, 2023, has been extended until 12:00 p.m., Eastern Time, on November 7, 2023, unless further extended in accordance with the Merger Agreement.