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Smart Balance Announces Conversion of Convertible Preferred Stock
Date:1/3/2008

number of shares outstanding of Smart Balance, Inc. common stock will be approximately 62.6 million.

The Company mailed a notice of conversion to all of the holders of the Company's Series A Convertible Preferred Stock. For additional information regarding the conversion, please contact:

Continental Stock Transfer & Trust Company

17 Battery Place

New York, NY 10004

Attention: Michael Mullings

Telephone: (212) 845-3217

About Smart Balance Inc.

Smart Balance Inc. (Nasdaq: SMBL) is committed to providing superior tasting heart healthier alternatives in every category it enters by avoiding trans fats naturally, balancing fats and/or reducing saturated fats, total fat and cholesterol. The company's products include Smart Balance(R) Buttery Spreads, Milk, Butter Blend Sticks, Cream Cheese, Peanut Butter, Microwave Popcorn, Cooking Oil, Mayonnaise, Non-Stick Cooking Spray and Cheese. Smart Balance Inc. is one of the five fastest growing food companies in the United States, according to Nielsen sales figures. For more information about products and the Smart Balance(TM) Food Plan, visit http://www.smartbalance.com.


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SOURCE Smart Balance Inc.
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