Post Holdings Announces Closing of Post Holdings Partnering Corporation’s Initial Public Offering

Post Holdings, Inc. (NYSE:POST) (“Post”) and Post Holdings Partnering Corporation (NYSE:PSPC) (“PHPC”), a special purpose acquisition company formed for the purpose of effecting a partnering transaction between one or more businesses, today announced the closing of PHPC’s previously announced initial public offering (the “IPO”) of 30,000,000 units at a price to the public of $10.00 per unit. In addition, PHPC has granted the underwriters a 45-day option to purchase up to an additional 4,500,000 units at the IPO price, less underwriting discounts and commissions. PHPC Sponsor, LLC, Post’s affiliated entity and sponsor of PHPC, has purchased 4,000,000 of the 30,000,000 units in the IPO at the IPO price. Each unit consists of one share of PHPC’s Series A common stock and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of PHPC’s Series A common stock at a price of $11.50 per share. PHPC’s units began trading on May 26, 2021 on the New York Stock Exchange (the “NYSE”) under the ticker symbol “PSPC.U”. Once the securities comprising the units begin separate trading, the shares of Series A common stock and warrants are expected to be listed on the NYSE under the symbols “PSPC” and “PSPC WS”, respectively.

Evercore Group L.L.C. and Barclays Capital Inc. acted as the lead book-running managers for the offering.

The offering was made only by means of a prospectus. When available, a copy of the final prospectus may be obtained free of charge by visiting EDGAR on the Securities and Exchange Commission’s (“SEC”) website at www.sec.gov, from Evercore Group L.L.C., Attn: Equity Capital Markets, 55 East 52nd Street, 36th Floor, New York, NY 10055, by phone at [phone], or by email at [e-mail], or from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by phone at [phone], or by email at [e-mail].

A registration statement relating to these securities has been filed with, and declared effective by, the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security, nor shall there be any sales of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Cautionary Note Concerning Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements.” These forward-looking statements are made based on known events and circumstances at the time of release, and as such, are subject to uncertainty and changes in circumstances. These forward-looking statements include statements regarding the anticipated use of the net proceeds of the offering. There is no assurance that the net proceeds of the offering will be used as indicated, and there are a number of risks, uncertainties and assumptions that could cause actual results to differ materially from the forward-looking statements made herein, including risks relating to the rapidly changing situation related to the COVID-19 pandemic and other risks and uncertainties described in Post’s filings with the SEC and in the Risk Factors section of PHPC’s registration statement and prospectus for the IPO filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. These forward-looking statements represent Post’s and PHPC’s judgment as of the date of this release. Post and PHPC disclaim, however, any intent or obligation to update these forward-looking statements, except as required by law.

About Post Holdings Partnering Corporation

Post Holdings Partnering Corporation is a blank-check company formed by Post Holdings, Inc. for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar partnering transaction with one or more businesses or assets.

About Post Holdings, Inc.

Post Holdings, Inc., headquartered in St. Louis, Missouri, is a consumer packaged goods holding company operating in the center-of-the-store, refrigerated, foodservice, food ingredient and convenient nutrition food categories.

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