NESTLÉ S.A. 2014 NESTLÉ INVESTORS SEMINAR BOSTON Q &A SESSION 4 June 2014, Speakers: Paul Bulcke, Chief Executive Officer, Nestlé.S.A. Wan Ling Martello, Chief Financial Officer, Nestlé S.A. Chris Johnson, Executive Vice President, Zone AMS, Nestlé S.A. This transcript may have been edited for clarity, and the spoken version is the valid record. This document is subject to the same terms and conditions found at http://www.Nestlé.com/Footer/Pages/TC.aspx.