AGM Proxy Votes

23 November 2018

Finsbury Food Group Plc

AGM Proxy Votes

Finsbury Food Group plc (AIM: FIF), a leading UK speciality bakery manufacturer of cake, bread and morning goods for both the retail and foodservice channels, announces that all proxy votes received in relation to resolutions at the company's 2018 AGM are available on the company's website via the following link:

https://finsburyfoods.co.uk/investor-relations/corporate-governance/

All 9 AGM resolutions were passed on a show of hands.

For further information:

Notes to editors:

· Finsbury Food Group Plc (AIM: FIF) is a leading UK manufacturer of cake and bread bakery goods, supplying a broad range of blue chip customers within both the grocery retail and 'out of home eating' foodservice sectors including major multiples and leading foodservice providers.

· The Company is one of the largest speciality bakery groups in the UK and, with its Overseas division, has sales in the financial year ending 30 June 2018 exceeding £300m.

· The Company's bakery product range is comprehensive and includes:

- Large premium and celebration cakes.

- Small snacking cake formats such as cake slices and bites.

- Artisan, healthy lifestyle and organic breads through to rolls, muffins (sweet and savoury) and morning pastries, all of which are available both fresh and frozen dependent on customer channel requirements.

· The Company is one of the largest ambient cake manufacturers in the UK, a market valued at over £950 million (source: IRI, 52 w/e 23rd June 2018). The annual retail bread and morning goods market has a value of £4.3 billion (source: Kantar Worldpanel 52 weeks to 17th June 2018). The UK foodservice bread and savoury morning goods bakery sector is worth approximately £691 million per annum (source: derived from MCA data for 52 weeks to 31st March 2018). The UK foodservice cake and sweet morning goods bakery sector is worth approximately £807 million per annum (UK foodservice data derived from MCA data for 52 weeks to 31st March 2018).

· The Company comprises a UK Bakery division and an Overseas division:

- The UK Bakery division has manufacturing sites in Cardiff, East Kilbride, Hamilton, Salisbury, Sheffield, and Manchester.

· The Overseas division comprises the Company's 50% owned company, Lightbody Stretz Ltd, which supplies and distributes the Group's UK-manufactured products and third party products, primarily to Europe.

· Since the year end date of 30th June 2018, the Company completed the acquisition of Free From baker Ultrapharm, giving the Group a significant opportunity to access an exciting and high growth marketplace and manufacturing facilities in Pontypool in the UK and in Zywiec, Poland.