<SEC-DOCUMENT>0001214659-25-006401.txt : 20250425
<SEC-HEADER>0001214659-25-006401.hdr.sgml : 20250425
<ACCEPTANCE-DATETIME>20250425155227
ACCESSION NUMBER:		0001214659-25-006401
CONFORMED SUBMISSION TYPE:	PX14A6G
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250425
DATE AS OF CHANGE:		20250425
EFFECTIVENESS DATE:		20250425

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Mondelez International, Inc.
		CENTRAL INDEX KEY:			0001103982
		STANDARD INDUSTRIAL CLASSIFICATION:	FOOD & KINDRED PRODUCTS [2000]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				522284372
		STATE OF INCORPORATION:			IL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		PX14A6G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16483
		FILM NUMBER:		25873547

	BUSINESS ADDRESS:	
		STREET 1:		905 WEST FULTON MARKET
		STREET 2:		SUITE 200
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60607
		BUSINESS PHONE:		847-943-4000

	MAIL ADDRESS:	
		STREET 1:		905 WEST FULTON MARKET
		STREET 2:		SUITE 200
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60607

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KRAFT FOODS INC
		DATE OF NAME CHANGE:	20000121

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AS YOU SOW
		CENTRAL INDEX KEY:			0001086462
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			CA

	FILING VALUES:
		FORM TYPE:		PX14A6G

	BUSINESS ADDRESS:	
		STREET 1:		2150 KITTREDGE ST.
		STREET 2:		SUITE 450
		CITY:			BERKELEY
		STATE:			CA
		ZIP:			94704
		BUSINESS PHONE:		510-735-8155

	MAIL ADDRESS:	
		STREET 1:		2150 KITTREDGE ST.
		STREET 2:		SUITE 450
		CITY:			BERKELEY
		STATE:			CA
		ZIP:			94704
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Notice of Exempt Solicitation Pursuant to Rule
14a-103</B></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Name of Registrant: Mondel&emacr;z International
Inc (MDLZ)</P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Name of person relying on exemption: As You Sow&reg;</P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Address of persons relying on exemption: 11461
San Pablo Ave, Suite 400, El Cerrito, CA 94530</P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">The attached written materials are submitted pursuant
to Rule 14a-6(g)(1) promulgated under the Securities Exchange Act of 1934.&nbsp;As You Sow&reg; does not beneficially own more than $5
million of the class of subject securities, and this notice of exempt solicitation is therefore being provided on a voluntary basis.</P>

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    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 10%"><FONT STYLE="font-size: 8pt; color: #00813D"><B>11461 San Pablo Avenue, Suite 400&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </B></FONT></TD>
    <TD STYLE="text-align: right; vertical-align: top; width: 80%; white-space: nowrap"><FONT STYLE="font-size: 8pt; color: #73C167"><B>www.asyousow.org</B></FONT></TD></TR>
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    <TD STYLE="white-space: nowrap"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 8pt; color: #00813D"><B>El Cerrito, CA 94530</B></FONT></P>
                                    <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 8pt; color: #00813D"><B>&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
    <TD STYLE="text-align: right; white-space: nowrap"><FONT STYLE="font-size: 7.5pt; color: #73C167">BUILDING A SAFE, JUST, AND SUSTAINABLE WORLD SINCE 1992</FONT></TD></TR>
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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 16pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Mondel&emacr;z International Inc (MDLZ)<BR>
Vote Yes: Item #6 &ndash; Report on Flexible Plastic Packaging</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Annual Meeting: May 21, 2025</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CONTACT: Kelly McBee | kmcbee@asyousow.org</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4">THE RESOLUTION</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Shareholders request that the Board issue a report, at reasonable expense
and excluding proprietary information, describing how Mondel&emacr;z could address flexible plastic packaging in alignment with the findings
of the Pew Report, or other authoritative sources, to reduce its contribution to plastic pollution.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">The report should, at Board discretion:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Assess the reputational, financial, and operational risks associated with continuing to use plastic packaging that is not recyclable
in practice and at scale while plastic pollution grows;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Evaluate actions to achieve fully recyclable packaging including elimination and accelerated research into innovative reusable substitution;
and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Describe opportunities to pre-competitively work with peers to research and develop reusable packaging as an alternative to single-use
packaging.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4">SUMMARY</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Without immediate and sustained new commitments throughout the plastics
value chain, annual flows of <FONT STYLE="font-size: 9pt">plastics into oceans could nearly triple by 2040.<SUP>1</SUP></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">The growing plastic pollution crisis poses increasing risks to Mondel&emacr;z.
Corporations could face an annual financial risk of approximately $100 billion should governments require them to cover the waste management
costs of the packaging they produce.<SUP>2</SUP> Governments around the world are increasingly enacting such policies, including five
new U.S. state laws that impose fees on corporations for single-use plastic (SUP) packaging.<SUP>3</SUP> The European Union has banned
ten SUP pollutants and taxed certain non-recycled plastic packaging.<SUP>4</SUP> A French law requires 10% of packaging be reusable by
2027 and Portugal requires 30% reusable packaging by 2030.<SUP>5</SUP> Further, consumer demand for sustainable packaging is increasing.<SUP>6</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="margin: 0pt 0; font: 9pt Times New Roman, Times, Serif"><sup>&nbsp;</SUP></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>1</sup> https://www.pewtrusts.org/-/media/assets/2020/10/breakingtheplasticwave_mainreport.pdf,
p.4</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>2</SUP> https://www.pewtrusts.org/-/media/assets/2020/10/breakingtheplasticwave_mainreport.pdf,
p.9</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>3</SUP> https://www.packworld.com/sustainable-packaging/recycling/article/22922253/ameripen-shares-key-lessons-from-early-epr-adopters</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>4</SUP> https://environment.ec.europa.eu/topics/plastics/single-use-plastics_en</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>5</SUP> https://www.greenpeace.org/international/story/51843/plastics-reuse-and-refill-laws</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>6</SUP> https://www.shorr.com/resources/blog/the-2022-sustainable-packaging-consumer-report/</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
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    <TD STYLE="white-space: nowrap; width: 10%"><IMG SRC="asyousowlogo.jpg" ALT=""><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD STYLE="white-space: nowrap; width: 90%"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 9pt; color: rgb(0,129,61)"><B>2025
Proxy Memo</B></FONT></P>
                                                <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: #00813B"><FONT STYLE="font-size: 10pt; color: #00813D"><B></B></FONT><FONT STYLE="font-size: 10pt; font-weight: normal">Mondel&emacr;z International Inc  | Report on Flexible Plastic Packaging</FONT></P>
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Pew Charitable Trusts&rsquo; groundbreaking study, <I>Breaking the
Plastic Wave</I> (&ldquo;Pew Report&rdquo;), concluded that improved recycling alone is insufficient to address plastic pollution&mdash;instead,
recycling must be coupled with reductions in use, materials redesign, and substitution.<SUP>7</SUP> The Pew Report finds that the greatest
opportunity to reduce or eliminate plastic lies with flexible plastic packaging,<SUP>8</SUP> often used for chips, sweets, and condiments
among other uses, which is virtually unrecyclable in America. With innovation, redesign, and substitution, 26 million metric tons of flexibles
can be avoided globally.<SUP>9</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">The Pew Report finds that reducing plastic use is the most viable solution
from environmental, economic, and social perspectives,<SUP>10</SUP> yet broad corporate and stakeholder alignment on flexible packaging
solutions is lacking.<SUP>11</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Despite stated commitments to sustainable packaging, 70.1% of Mondel&emacr;z&rsquo;s
packaging remains in flexibles.<SUP>12</SUP> In the absence of immediate action to eliminate flexibles by robustly engaging in research
and expansion of reusable packaging, Mondel&emacr;z is on track to fail to meet its 2025 reusables and recyclability packaging goals.
Only 18.9% of its plastic packaging is recyclable in practice and at scale and 0% is reusable.<SUP>13</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Our Company could avoid regulatory, environmental, and competitive
risks by adopting a comprehensive approach to addressing flexible plastic packaging use at scale.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4">RATIONALE FOR A YES
VOTE</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>1.</B></TD><TD><B>Flexible plastic packaging pollution is a growing financial, regulatory, and reputational risk to Mondel&emacr;z. </B><BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>2.</B></TD><TD><B>Mondel&emacr;z has failed to align its packaging targets with key research, includin<FONT STYLE="font-size: 9pt">g the Pew Report.<BR>
<BR>
</FONT></B></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>3.</B></TD><TD><FONT STYLE="font-size: 9pt"><B>Mondel&emacr;z lags peers in recyclable and sustainable packaging. </B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>&nbsp;</SUP></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>7</SUP> https://www.pewtrusts.org/-/media/assets/2020/10/breakingtheplasticwave_mainreport.pdf,
p.9</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>8</SUP> https://www.pewtrusts.org/-/media/assets/2020/10/breakingtheplasticwave_mainreport.pdf,
p.51</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>9</SUP> https://www.pewtrusts.org/-/media/assets/2020/10/breakingtheplasticwave_mainreport.pdf,
p.51</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>10</SUP> https://www.pewtrusts.org/-/media/assets/2020/10/breakingtheplasticwave_mainreport.pdf,
p.10</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>11</SUP> https://emf.thirdlight.com/link/pqm3hmtgpwtn-dwj3yc,
p.22</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>12</SUP> https://gc-data.emf.org/2024/detail?cid=Mondel&emacr;z-international#header</P>

<P STYLE="margin: 0pt 0; font: 9pt Times New Roman, Times, Serif"><sup>13</sup> https://gc-data.emf.org/2024/detail?cid=Mondel&emacr;z-international#header</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="white-space: nowrap; width: 10%"><IMG SRC="asyousowlogo.jpg" ALT=""><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD STYLE="white-space: nowrap; width: 90%"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 9pt; color: rgb(0,129,61)"><B>2025
Proxy Memo</B></FONT></P>
                                                <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: #00813B"><FONT STYLE="font-size: 10pt; color: #00813D"><B></B></FONT><FONT STYLE="font-size: 10pt; font-weight: normal">Mondel&emacr;z International Inc  | Report on Flexible Plastic Packaging</FONT></P>
                                                <P STYLE="margin-top: 0; margin-bottom: 0"></P></TD></TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4">DISCUSSION</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>1.</B></TD><TD><B>Flexible plastic packaging pollution is a growing financial, regulatory, and reputational risk to Mondel&emacr;z. </B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><BR>
Consumers and governments across the globe are increasingly holding producers accountable for plastic packaging pollution and its wide
range of negative effects on human and environmental health.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 6pt"><BR>
</FONT>Global leaders from 193 U.N. Member States are in the process of negotiating a global treaty to end plastic pollution. Mandates
are being considered for legally binding plastic use reductions, recyclability, and transitions away from disposable packaging and towards
reusables.<SUP>14</SUP> Mondel&emacr;z has acknowledged plastic pollution as a severe threat to business&rsquo; social license to operate,
joining an array of businesses and investors in supporting the adoption of a new global treaty.<SUP>15</SUP> Thirteen national and regional
global Plastics Pacts have formed in the last few years to uphold and accelerate corporate responsibility and a circular economy for plastics.<SUP>16</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Flexible plastic packaging is especially susceptible to becoming plastic
pollution as it is often made with multiple materials layered together, making it virtually impossible to process in conventional recycling
systems. The largest corporate collaboration on plastic pollution, the Ellen MacArthur Foundation New Plastics Economy, defines recyclable
packaging as including only those plastics that have a 30% recycling rate across multiple regions which collectively represent at least
400 million inhabitants. With just 2% of households in the United States able to effectively recycle flexible packaging, the material
type falls far below the standard for recyclability and is widely regarded as non-recyclable.<SUP>17</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Extended Producer Responsibility (&ldquo;EPR&rdquo;) is a system designed
to manage unrecyclable and recyclable packaging alike, in which consumer goods producers are held responsible for all or most of the costs
of managing the disposable packaging associated with their products at end-of-life. Nearly 70 EPR laws for packaging have been enacted
in countries and jurisdictions around the world.<SUP>18</SUP> Corporations could face an annual collective financial risk of approximately
$100 billion should governments continue, as expected, to require them to cover the waste management costs of the packaging they produce.<SUP>19</SUP>
In just the last few years, five new producer responsibility laws were passed in Maine, Oregon, California,
Colorado, and Minnesota.<SUP>20</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">EPR laws for packaging have a specific emphasis on financially discouraging
the use of difficult-to-recycle materials by imposing higher producer fees or dues, on these materials, a process known as eco-modulation.
The operating plans in each of the five U.S. states with EPR laws are actively being written, but early drafts propose that flexible packaging
should have one of the highest ranges of fees, or dues, on producers per pound.<SUP>21</SUP> With 70.1% of its plastic packaging in flexibles,
growing EPR laws pose a significant financial risk to Mondel&emacr;z.<SUP>22</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>&nbsp;</SUP></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>14</SUP> https://www.unep.org/news-and-stories/speech/closing-end-plastic-pollution</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>15</SUP> https://www.businessforplasticstreaty.org/endorsers</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>16</SUP> https://ellenmacarthurfoundation.org/the-plastics-pact-network</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>17</SUP> https://recyclingpartnership.org/film-and-flexibles/</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>18</SUP> https://www.oecd-ilibrary.org/environment/extended-producer-responsibility-epr-and-the-impact-of-online-sales_cde28569-en,
p. 10</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>19</SUP> https://www.pewtrusts.org/-/media/assets/2020/07/breakingtheplasticwave_report.pdf</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>20</SUP> https://www.swca.com/news/2025/01/unpacking-epr-series-the-basics-of-extended-producer-responsibility-epr-packaging-laws</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>21</SUP> https://cdphe.colorado.gov/hm/epr-program</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>22</SUP> Calculated from Mondel&emacr;z data at https://gc-data.emf.org/</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <TD STYLE="white-space: nowrap; width: 10%"><IMG SRC="asyousowlogo.jpg" ALT=""><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD STYLE="white-space: nowrap; width: 90%"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 9pt; color: rgb(0,129,61)"><B>2025
Proxy Memo</B></FONT></P>
                                                <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: #00813B"><FONT STYLE="font-size: 10pt; color: #00813D"><B></B></FONT><FONT STYLE="font-size: 10pt; font-weight: normal">Mondel&emacr;z International Inc  | Report on Flexible Plastic Packaging</FONT></P>
                                                <P STYLE="margin-top: 0; margin-bottom: 0"></P></TD></TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Companies that do not move swiftly to reduce their use of single use
plastic for packaging also risk reputational damage and lost customers. As recent polls indicate, consumers want companies to take action
on plastics. Eighty percent of respondents in one recent poll favored requiring companies to reduce plastic packaging, increase the use
of reusable packaging, and take responsibility for their plastic waste.<SUP>23</SUP>&nbsp;In an April 2024 poll, 90% of those polled were
in favor of finding alternatives to single use plastics and 88% called for elimination of unnecessary and avoidable plastic.<SUP>24</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0in"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>2.</B></TD><TD><B>Mondel&emacr;z has failed to align its packaging targets with key research, including the Pew Report. </B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">In 2020, the Pew Report concluded that without immediate and sustained
new commitments across the plastics value chain, annual flows of plastics into oceans could nearly triple by 2040.<SUP>25</SUP> The Pew
Report also found that existing corporate commitments are insufficient to tackle ocean plastic pollution and that corporations must reduce
their virgin plastic use by one-third through a variety of strategies, including designing packaging to be recyclable in-practice and
at scale and eliminating or replacing single-use packaging with reusables. The Pew Report finds that the greatest opportunity to reduce
or eliminate plastic lies with addressing flexible plastic packaging. With innovation, redesign, and substitution, 26 million metric tons
of flexibles can be avoided globally.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Though Mondel&emacr;z has multiple sustainable packaging goals, which
are discussed below, none identify opportunities to specifically address flexible plastic packaging through reduction or elimination and
none commit to the scale of reduction identified in the Pew Report.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0in"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>3.</B></TD><TD><B>Mondel&emacr;z lags peers in recyclable and sustainable packaging. </B><BR>
<BR>
</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">A staggering 81.1% of Mondel&emacr;z plastic packaging cannot be recycled
in practice, the majority of which is flexible plastic.<SUP>26</SUP> However, Mondel&emacr;z routinely obscures this reality by instead
reporting that nearly all of its packaging is <I>designed</I> for recycling.<SUP>27</SUP> Packaging that is designed for recycling-&ndash;but
not recycled in practice&ndash;has the same propensity to become plastic pollution as other packaging and does little to reduce the financial,
reputational, and regulatory risks of plastic pollutio<FONT STYLE="font-size: 9pt">n to our Company.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Mondel&emacr;z significantly lags competitors in taking action to mitigate
risks by plastic pollution. Competitor Nestl&eacute;&rsquo;s plastic packaging is 63.28% reusable, recyclable, or compostable in practice,
while 77.2% of competitor PepsiCo&rsquo;s plastic packaging meets the same criteria.<SUP>28</SUP> Of the 38 peer, packaged goods companies
that have pledged to act on plastics through the Ellen MacArthur Foundation Global Commitment (Global Commitment), calculations based
on publicly available data<SUP>29</SUP> indicate that Mondel&emacr;z ranks in the lowest 10% on the recyclability of its packaging in
practice. On average, packaged goods corporate signatories report that at least 51% of their plastic packaging is recyclable in practice,
well above Mondel&emacr;z&rsquo;s reported 18%.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>&nbsp;</SUP></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>23</SUP> https://usa.oceana.org/press-releases/americans-are-sick-of-single-use-plastic-pollution-poll-finds/</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>24</SUP> https://www.nrdc.org/bio/daniel-rosenberg/poll-people-want-action-plastics-health-and-wildlife</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>25</SUP> https://www.systemiq.earth/wp-content/uploads/2020/07/BreakingThePlasticWave_MainReport.pdf</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>26</SUP> Calculated from Mondel&emacr;z data at https://gc-data.emf.org/
by subtracting the company&rsquo;s reported packaging that is reusable, recyclable, or compostable (18.9%) from 100%, then subtracting
the company&rsquo;s reported reusable packaging (0%) and compostable packaging (0%)</P>

<P STYLE="margin: 0pt 0; font: 9pt Times New Roman, Times, Serif"><sup>27</sup> https://www.mondelezinternational.com/assets/Snacking-Made-Right/SMR-Report/2024/2024-MDLZ-Snacking-Made-Right-ESG-Report.pdf,
p.34-35</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>28</SUP> Calculated from data at https://gc-data.emf.org/</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>29</SUP> Calculated from data at https://gc-data.emf.org/</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <TD STYLE="white-space: nowrap; width: 10%"><IMG SRC="asyousowlogo.jpg" ALT=""><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD STYLE="white-space: nowrap; width: 90%"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 9pt; color: rgb(0,129,61)"><B>2025
Proxy Memo</B></FONT></P>
                                                <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: #00813B"><FONT STYLE="font-size: 10pt; color: #00813D"><B></B></FONT><FONT STYLE="font-size: 10pt; font-weight: normal">Mondel&emacr;z International Inc  | Report on Flexible Plastic Packaging</FONT></P>
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</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Similarly, Mondel&emacr;z underperforms fellow Global Commitment signatories
in transitioning to reusable packaging. Despite committing to the Global Commitment more than five years ago to investigate opportunities
to transition to sustainable packaging formats, Mondel&emacr;z continues to host none of its packaging in reusable or refillable formats,
a key element noted in the Pew Report. Conversely, nearly half of packaged goods corporate signatories to the Global Commitment report
that they have permanently transitioned some of their packaging to reusable formats.<SUP>30</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Mondel&emacr;z notes near achievement of its 5% virgin plastic packaging
reduction goal,<SUP>31</SUP> which is an important start. Yet, the size of this goal pales in comparison to peer companies and fellow
Global Commitment signatories. The average size of virgin plastic reduction goals across packaging portfolios by fellow packaged goods
signatories is four times greater than Mondel&emacr;z&rsquo;s ambition, at an average of approximately 20%. Mondel&emacr;z has a larger
goal of 25% reduction of virgin rigid plastic, but this goal requires no action on flexible plastics.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Our Company will benefit from conducting a holistic evaluation of opportunities
to reduce or eliminate unrecyclable flexible plastic packaging and transition into reusable alternatives. Without the actions requested
in this proposal, Mondel&emacr;z&rsquo;s continued use of flexible plastic packaging will prevent the Company from achieving its commitments
under the Global Commitment while exposing the Company to reputational, regulatory, and competitive risks associated with greenwashing
and a lack of corporate accountability.<BR>
</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4">RESPONSE TO MONDEL&Emacr;Z
BOARD OF DIRECTORS&rsquo; STATEMENT IN OPPOSITION</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">In the Company&rsquo;s opposition statement, Mondel&emacr;z asserts
that the Company has a comprehensive packaging strategy despite the low ambition of the Company&rsquo;s packaging goals compared to peers,
the absence of targeted action on unrecyclable flexible plastic packaging, and the Company&rsquo;s lack of progress on reusables. As discussed
above, the Company does not sufficiently address the risks associated with flexible plastic packaging, nor does the Company align with
leading research such as the Pew Report, which highlights the urgent need to reduce one-third of plastic use through, in part, a transition
away from flexibles.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Mondel&emacr;z&rsquo;s statement reiterates the Company&rsquo;s focus
on design for recycling and efforts to expand fledgling flexible material recycling, while failing to acknowledge the principal solution
to plastic pollution demonstrated in the Pew Report and elsewhere regarding flexibles: overall reduction of plastic use. Producer companies,
such as Mondel&emacr;z, that are positioned at the forefront of the consumer supply chain, must take the lead in packaging sustainability
by reducing the amount of packaging introduced into the market, and ensuring that its remaining packaging is recyclable in practice and
at scale.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">__<FONT STYLE="font-size: 9pt">___________________________</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>&nbsp;</SUP></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>30</SUP> Calculated from data at https://gc-data.emf.org/</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>31</SUP> https://www.mondelezinternational.com/assets/Snacking-Made-Right/SMR-Report/2024/2024-MDLZ-Snacking-Made-Right-ESG-Report.pdf,
p.34-35</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="white-space: nowrap; width: 10%"><IMG SRC="asyousowlogo.jpg" ALT=""><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD STYLE="white-space: nowrap; width: 90%"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 9pt; color: rgb(0,129,61)"><B>2025
Proxy Memo</B></FONT></P>
                                                <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: #00813B"><FONT STYLE="font-size: 10pt; color: #00813D"><B></B></FONT><FONT STYLE="font-size: 10pt; font-weight: normal">Mondel&emacr;z International Inc  | Report on Flexible Plastic Packaging</FONT></P>
                                                <P STYLE="margin-top: 0; margin-bottom: 0"></P></TD></TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Mondel&emacr;z&rsquo;s current strategy on flexibles falls short of
what is required to genuinely tackle the pressing issue of plastic pollution. This proposal asks the Company to consider adopting a clear
strategy for addressing the significant amount of unrecyclable flexible plastic in its portfolio and to make more meaningful progress
on its commitment to sustainable packaging.</P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4">CONCLUSION</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Vote &ldquo;Yes&rdquo; on this Shareholder Proposal #6 Seeking a
Report from Mondel&emacr;z on Opportunities to Reduce Its Sustainable Flexible Plastic Packaging. </B>Mondel&emacr;z has fallen behind
peers in setting and achieving ambitious goals to reduce plastic packaging pollution. The vast majority of the Company&rsquo;s plastic
packaging is not recyclable in practice and Mondel&emacr;z reports no progress in transitioning to reusable packaging alternatives. Unrecyclable
flexible plastic packaging is a key contributor to Mondel&emacr;z&rsquo;s role in plastic pollution. By producing a report that assesses
new opportunities to reduce flexible plastic use and pollution, Mondel&emacr;z can reduce the financial, regulatory, and reputational
risk associated with failing to meet its packaging goals and contributing to plastic pollution.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>---</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><I>For questions, please contact Kelly McBee, As You Sow, </I><I>kmcbee@asyousow.org</I></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">THE FOREGOING INFORMATION MAY BE DISSEMINATED TO SHAREHOLDERS VIA TELEPHONE,
U.S. MAIL, E-MAIL, CERTAIN WEBSITES AND CERTAIN SOCIAL MEDIA VENUES, AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE OR AS A SOLICITATION
OF AUTHORITY TO VOTE YOUR PROXY. THE COST OF DISSEMINATING THE FOREGOING INFORMATION TO SHAREHOLDERS IS BEING BORNE ENTIRELY BY ONE OR
MORE OF THE CO-FILERS. PROXY CARDS WILL NOT BE ACCEPTED BY ANY CO-FILER. PLEASE DO NOT SEND YOUR PROXY TO ANY CO-FILER. TO VOTE YOUR PROXY,
PLEASE FOLLOW THE INSTRUCTIONS ON YOUR PROXY CARD<I>.</I></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">7</FONT></P>



<P STYLE="margin: 0"></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
