Premier Foods Regulatory News (PFD)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART), IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION. THIS ANNOUNCEMENT DOES NOT CONSTITUTE A TAKEOVER OFFER OR AN OFFER OF SECURITIES.

30 March 2016

For immediate release

Premier Foods plc

Clarification Statement

A quotation attributed to Gavin Darby in The Daily Telegraph, published on 28th March 2016, stated that "Mr Darby said: "The Premier Foods board feel very confident that rejecting 60p was a good decision. Warburg Pincus took the opportunity of selling their shares and chose to sell their shares to Nissin Foods Holdings Co., Ltd. Just as much as it could have been a deal between Warburg Pincus and McCormick & Company, Inc.. I'm sure all three of them were involved.""

Premier Foods wishes to clarify that Mr Darby was not aware, nor could he have been, of any discussions between McCormick & Company, Inc. and Warburg Pincus. He was simply seeking to make clear, in response to a question from the journalist, that it would have been open to any party, including McCormick & Company, Inc., at any time to approach Warburg Pincus with a view to purchasing all or part of their shareholding.

For further information please contact:

 Premier Foods plc +44 1727 815 850

Richard Johnson (Corporate Affairs Director)

Richard Godden (Head of Investor Relations)

 Maitland +44 207 379 5151

Neil Bennett

Kate O'Neill

Ondra Partners (Joint Lead Financial Adviser to Premier Foods) +44 207 082 8750

Robert Hingley

Jason Meers

Michael Tory

HSBC Bank plc (Joint Lead Financial Adviser to Premier Foods) +44 20 7991 8888

Charles Packshaw

Keith Welch

Alex Thomas

Jefferies International Limited +44 20 7029 8000

(Joint Co-Financial Adviser and Corporate Broker to Premier Foods)

Paul Nicholls

David Watkins

Credit Suisse International +44 20 7888 8888

(Joint Co-Financial Adviser and Corporate Broker to Premier Foods)

Stuart Field

Ben Deary

A copy of this announcement will be available at www.premierfoods.co.uk. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

Disclosure requirements of the Code

Under Rule 8.3(a) of the City Code on Takeovers and Mergers (the "Code"), any person who is interested in 1% or more of any class of relevant securities of the offeree or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of the offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

HSBC Bank plc, which is authorised by the Prudential Regulation Authority and regulated in the United Kingdom by the Financial Conduct Authority and the Prudential Regulation Authority, is acting as financial adviser exclusively for Premier Foods for no-one else in connection to the matters in this announcement and will not be responsible to anyone other than Premier Foods for providing the protections afforded to its clients nor for providing advice in connection with the potential offer by McCormick & Company, Inc. (the "Offer") or any matter referred to herein.

Ondra Partners, which is authorised by the Prudential Regulation Authority and regulated in the United Kingdom by the Financial Conduct Authority and the Prudential Regulation Authority, is acting as financial adviser exclusively for Premier Foods for no-one else in connection to the matters in this announcement and will not be responsible to anyone other than Premier Foods for providing the protections afforded to its clients nor for providing advice in connection with the Offer or any matter referred to herein.

Jefferies International Limited ("Jefferies"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for Premier as financial adviser and corporate broker and no-one else in connection with the Proposal and Jefferies will not regard any other person as its client(s) of Jefferies in in connection to the matters in this announcement and will not be responsible to anyone other than Premier Foods for providing the protections afforded to its clients or for providing advice in in connection to the matters in this announcement, the contents of this announcement or any transaction, arrangement or other matter referred to in this announcement.

Credit Suisse International ("Credit Suisse"), which is authorised by the Prudential Regulation Authority and regulated in the United Kingdom by the Financial Conduct Authority and the Prudential Regulation Authority, is acting exclusively for Premier Foods and no one else in connection with the matters in this announcement and will not be responsible to anyone other than Premier Foods for providing the protections afforded to clients of Credit Suisse nor for providing advice in relation to the Offer, the content of this announcement or any other matter referred to herein. Neither Credit Suisse nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Credit Suisse in connection with this announcement, any statement contained herein or otherwise.