IFF Announces Pricing of €1,100,000,000 Senior Notes Offering

Regulatory News:

International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext Paris: IFF), a leading innovator of sensorial experiences that move the world, today announced that it has priced its public offering of €300,000,000 aggregate principal amount of its 0.500% senior notes due 2021 and €800,000,000 aggregate principal amount of its 1.800% senior notes due 2026. IFF intends to use the net proceeds from the offering to pay a portion of the consideration for the previously announced merger with Frutarom Industries Ltd. and to pay related fees and expenses. IFF anticipates that the offering will close on September 25, 2018, subject to customary closing conditions.

The offering is not contingent upon the consummation of the merger. If the closing of the merger has not occurred on or prior to February 7, 2019, or, if prior to such date, the merger agreement with Frutarom is terminated, IFF will be required to redeem all of the notes on the special mandatory redemption date at a redemption price equal to 101% of the aggregate principal amount of the notes, plus accrued and unpaid interest to, but excluding, the special mandatory redemption date.

Morgan Stanley & Co. International plc, BNP Paribas, Citigroup Global Markets Limited and J.P. Morgan Securities plc are acting as joint book-running managers for the offering. Citizens Capital Markets, Inc., ING Bank N.V., Belgian Branch, MUFG Securities EMEA plc, U.S. Bancorp Investments, Inc., Wells Fargo Securities International Limited, HSBC Securities (USA) Inc. and Standard Chartered Bank are acting as co-managers for the offering. The offering is being made pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (“SEC”). The offering may only be made by means of the prospectus supplement relating to the offering and the accompanying prospectus. A copy of the prospectus supplement for the offering and the accompanying prospectus can be obtained by contacting Morgan Stanley & Co. International plc at [phone]; BNP Paribas toll-free at [phone]; Citigroup Global Markets Limited toll-free at + 1 800-831-9146; or J.P. Morgan Securities plc collect at [phone].