Kellogg Company (NYSE: K) yesterday announced that it is extending the deadline for exchanging the following debt securities for securities registered with the U.S. Securities and Exchange Commission: 5.50% Notes due 2003, 6.00% Notes due 2006, 6.60% Notes due 2011, and 7.45% Debentures due 2031.

Kellogg Company commenced an offer on June 4, 2001, to exchange its outstanding $1,000,000,000 in aggregate principal amount of 5.50%

Notes due 2003, $1,000,000,000 in aggregate principal amount of 6.00%
Notes due 2006, $1,500,000,000 in aggregate principal amount of 6.60%
Notes due 2011, and $1,100,000,000 in aggregate principal amount of 7.45

Debentures due 2031 for new debt securities identical in all material respects to these outstanding debt securities, other than that they are registered with the U.S. Securities and Exchange Commission. The exchange offer was scheduled to expire on July 2, 2001, at 5 p.m., Eastern Time. As of 5 p.m., Eastern Time, approximately $683,230,000 in aggregate principal amount of the 5.50%

Notes due 2003, $866,840,000 in aggregate principal amount of the 6.00%
Notes due 2006, $1,483,315,000 in aggregate principal amount of the 6.60%
Notes due 2011, and $974,650,000 in aggregate principal amount of the 7.45%

Debentures due 2031 had been tendered for exchange. Kellogg Company has extended the deadline to exchange these debt securities until 5 p.m., Eastern Time, on Friday, July 13, 2001.

The Exchange Agent in the United States is BNY Midwest Trust Company. The Exchange Agent in Luxembourg is Kredietbank S.A. Luxembourgeoise S.A. Holders of these debt securities may participate in the exchange offer by tendering their book entry interests in the debt securities to either Exchange Agent pursuant to the Exchange Offer procedures, which are obtainable from either Exchange Agent.

Information concerning Kellogg Company and the Exchange Offer may be obtained in the United States from BNY Midwest Trust Company at 212-815-5920 and in Luxembourg from Kredietbank S.A. Luxembourgeoise S.A. at 352-74-97-39-33.

About Kellogg Company

With projected annual sales of more than $9 billion, Kellogg Company is the world's leading producer of cereal and a leading producer of convenience foods, including cookies, crackers, toaster pastries, cereal bars, frozen waffles, meat alternatives, pie crusts, and ice cream cones.