Premier Foods Regulatory News (PFD)

Premier Foods plc

Statement re press speculation

Premier Foods notes the recent press speculation regarding its Meat-free business. As stated at the time of its interim results on 4 August, the Board remains open minded about disposals, provided they deliver shareholder value and accelerate the reduction of average net debt/EBITDA.

The Group announced on 3 October that it had received approaches for its Meat-free business, including Quorn. Premier Foods confirms that it has received bids from a number of parties, including multinational food groups and private equity firms. Discussions are proceeding and are at an advanced stage with two parties. There can be no guarantee that a sale of its Meat-free business will take place. Further announcements will be made as and when appropriate.