Kerry Regulatory News (KYGA)

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Kerry Group plc

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

 x

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation:

M&G Investment Funds 1

4. Full name of shareholder(s) (if different from 3.):

State Street Nominees Ltd A/C GMBM

State Street Nominees Ltd A/C GMBR

5. Date of the transaction and date on which the threshold is crossed or reached:

 25 October 2012

6. Date on which issuer notified:

 26 October 2012

7. Threshold(s) that is/are crossed or reached:

 3%

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

 IE0004906560

5,252,500

5,252,500

5,273,494

 5,273,494

0

 3.00%

0%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/ConversionPeriod

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exerciseprice

Expirationdate

Exercise/Conversionperiod

Number of votingrights instrumentrefers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

5,273,494

3.00%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

Proxy Voting:

10. Name of the proxy holder:

 N/A

11. Number of voting rights proxy holder will cease to hold:

 N/A

12. Date on which proxy holder will cease to hold voting rights:

 N/A

13. Additional information:

With reference to item 3, M&G Investments Funds 1 is an Open Ended Investment Company (OEIC) and is not a Prudential group company and must be separately disclosed.

This OEIC Fund is managed by M&G Investment Management Limited (a wholly owned subsidiary of Prudential plc) and will have been previously attributed to Prudential plc solely on the basis that M&G Investment Management Ltd has direct fund management control over the shares identified in this notification.

Therefore the 3% holding being disclosed in this notification is encompassed in the 3.13% already disclosed under The Prudential plc group of companies on 09/10/2012 and is NOT in addition to it.

Brian Durran, Company Secretary, Kerry Group plc.

Tel no: +353 66 7182000

Email: brian.durran@kerry.ie

Kerry Web Site: www.kerrygroup.com