Sale of holding in Yoshinoya

Compass Group PLC 13 April 2004 13 April 2004 COMPASS GROUP PLC Sale of holding in Yoshinoya D&C Ltd Compass Group PLC is pleased to announce that its Japanese subsidiary, Seiyo Food Systems, has sold its entire remaining stake in Yoshinoya D&C Ltd (being 72,140 shares representing 12.7% of Yoshinoya). This represents total net proceeds to Seiyo of Yen 11.8 billion (approximately £61 million). Enquiries: Compass Group PLC Tel: +44 1932 573 000 Sarah Ellis, Director Investor Relations Brunswick Tel: +44 20 7404 5959 Timothy Grey / Pamela Small Notes: 1.In the financial year ended 30th September 2003, Yoshinoya contributed approximately £12 million to Compass Group's profit before tax as an associate. 2.In August 2003, Compass Group reduced its holding in Yoshinoya to 12.7%. If Compass Group's stake in Yoshinoya had been 12.7% throughout the whole financial year ended 30th September 2003, it would have made a contribution to Compass Group's profit before tax of approximately £8 million. 3.In the financial year ended 30th September 2003, Compass Group received dividends from Yoshinoya of approximately £2 million. If Compass Group's stake in Yoshinoya had been 12.7% throughout the whole financial year ended 30th September 2003, dividends received from Yoshinoya would have been approximately £1 million. 4.Yoshinoya D&C Ltd is a Japanese fast food chain with a leading position in the beef bowl business. This information is provided by RNS The company news service from the London Stock Exchange
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