Glanbia Regulatory News (GLB)

GLANBIA PLC ("THE COMPANY")

The Directors of Glanbia plc (the "Company") are pleased to announce that all the resolutions put to its Annual General Meeting held earlier today, Wednesday 22 April 2020, were duly passed on a poll.

The full text of each resolution was included in the Notice of the Annual General Meeting of the Company published on the Company's website www.glanbia.com on 12 March 2020 and, where requested, were posted to shareholders on 18 March 2020.

In accordance with the Listing Rules copies of the resolutions passed at the Annual General Meeting of the Company have been forwarded to both Euronext Dublin and the UK National Storage Mechanism and will shortly be available for inspection at the following locations:-

Companies Announcements Office,

Euronext Dublin,

28 Anglesea Street,

Temple Bar,

Dublin 2,

Ireland

and

http://www.morningstar.co.uk/uk/NSM

Results of AGM

Resolutions 1 to 11 were passed on a poll by all shareholders present and voting.

Resolutions 3(i) to 3(m) were passed on a poll both by all shareholders present and voting and all the independent shareholders present and voting (that is the shareholders of the Company entitled to vote on the election of the Directors who are not controlling shareholders (i.e. those shareholder(s) that exercise or control more than 30% of the voting rights of the Company).*

Resolutions 12 to 14 were passed on a poll by the independent shareholders present and voting (that is the shareholders of the Company entitled to vote on the waiver of obligations under Rules 9 and 37 of the Takeover Rules of the Irish Takeover Panel Act 1997 who are not controlling shareholders (i.e. those shareholder(s) that exercise or control more than 30% of the voting rights of the Company) and persons deemed to be acting in concert with them under Takeover Rule 3.3(b) of Part A of the Takeover Rules.**

As votes withheld are not votes in law, they are not taken into account in the calculation of the proportion of the votes For and Against or in the Total Votes.***

No questions were received ahead of the meeting.

THE RESULTS OF THE POLL WERE AS FOLLOWS:

* Note: Notwithstanding that Resolutions 12 and 13 were passed on a poll by the independent shareholders' present and voting, in accordance with the UK Corporate Governance Code, the Company will engage with shareholders, in so far as the resolutions remain appropriate, in order to understand the reasons behind the significant proxies received against resolutions 12 and 13 and, where appropriate, will publish an update on the views received from shareholders and actions taken no later than 22 October 2020.

Resolution 12

Under Rules 9 and 37 of the Irish Takeover Panel Act 1997, Takeover Rules 2013, ("Takeover Rules"), when any person, or persons acting in concert, holds 30% or more but less than 50% of the voting rights exercisable at a general meeting of a relevant company, and the percentage represented by the voting rights in the company conferred by the securities held by that person, or persons acting in concert, increases by more than 0.05% in any twelve month period wholly or partly by reasons of: (a) the acquisition of securities in the company (in the case of Rule 9); or (b) the redemption or purchase by that company of any of its own securities (in the case of Rule 37), such person or, in the case of persons acting in concert, such one or more of those persons as the Irish Takeover Panel shall direct, would normally be required to extend a general offer to all the other shareholders in the company to purchase their shares.

Given the shareholding of Glanbia Co-operative Society Limited (the "Society") is between 30% and 50%, the rule 37 waiver sought was to permit the maximum percentage increase in the interest of the Society (and persons deemed to be acting in concert with them under Takeover Rule 3.3(b) of Part A of the Takeover Rules) in the event that all of the share buyback authority approved in Resolution 10 was utilised and neither the Society nor any of the persons deemed to be acting in concert with them dispose of any of their shares under the share buyback programme and that the director share acquisitions under Rule 9 were to occur. This was approved by a 56.17% majority.

Resolution 13

Glanbia plc has in place certain employee share schemes whereby the Executive Directors may acquire additional Glanbia shares depending on performance. A Rule 9 waiver was granted in respect of this in 2013 and authority was granted at the 2013 AGM which provided that the Executive Directors of Glanbia plc could acquire up to 4,000,000 shares in Glanbia plc under Glanbia plc's employee share schemes. The purpose of Resolution 13 was to renew this authority and request a waiver under Rule 9 to allow up to 5,200,000 shares to be acquired by Executive Directors over eleven years. This was approved by a 69.84% majority.

22 April 2020

For further information contact:

Michael Horan, Group Secretary

Tel: 056 7772200