Re EU Sugar Quota Cuts

Associated British Foods PLC 14 September 2000 EU Sugar Quota Cuts Associated British Foods' subsidiary, British Sugar plc, today released the following announcement. As anticipated the European Commission has announced cuts to European sugar quotas. British Sugar can confirm that the reduction in the UK beet sugar production quota is 23,305 tonnes, 2%, to give a new maximum quota total of 1.121 million tonnes. The quota reduction is smaller than the company expected and the net financial effect on British Sugar is not significant. Now the details are confirmed they will be factored into the full review of manufacturing operations which is currently being undertaken. For further information, please contact John Bason Finance Director Tel: 020 7589 6363
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