Kerry Regulatory News (KYGA)

18 May 2007 14:00

Kerry Group PLC18 May 2007 Press Announcement Updating Statement : Annual General Meeting : Kerry Group plc 18 May, 2007 Kerry, the global ingredients, flavours and consumer foods group, today statedthat a good trading performance to-date in 2007 allows the Group to confirm itsoverall positive outlook for the year. Addressing shareholders at the Group's Annual General Meeting, Hugh Friel, ChiefExecutive reported a solid overall business performance in the first four monthsof 2007 and, notwithstanding the recent depreciation of the U.S. dollar versusthe euro, he said the Group was confident of delivering an outcome for the fullyear in line with market expectations. Mr Friel added, "the Group's business restructuring programme which commenced in2006 is now well advanced and our core businesses are well positioned to competeeffectively in the markets in which they operate. With growing demand fornatural, enhanced nutritional food and beverage products, our ingredients,flavours and bio-science innovation programmes are achieving good progress. Inthe Group's Irish and UK consumer foods categories, the increased momentumtowards premiumisation and increased demand for 'food-to-go' and qualityconvenient offerings continues to provide good growth opportunities." ends For further information please contact : Telephone: + 353 66 718 2304 Frank Hayes, Fax: + 353 66 718 2972 Director of Corporate Affairs, Email: corpaffairs@kerry.ie Kerry Group plc. Website: www.kerrygroup.com This information is provided by RNS The company news service from the London Stock Exchange