Fthr re Issue

Cranswick PLC
30 July 2001

Cranswick plc

Placing completed

Not for release, publication or distribution in or into Australia, Canada,
Japan or The United States

30 July 2001



Further to the announcement made by Cranswick plc ('Cranswick', the 'Company'
or the 'Group') earlier today, and following completion of the Bookbuilding
Process, the Placing Price has now been determined.



Cranswick confirms that it has placed 950,820 new ordinary shares at a price
of 481p per share to raise £4.6 million before expenses. The Placing Shares
being issued represent approximately five per cent of Cranswick's issued share
capital prior to the Placing.



The Placing is conditional on the UK Listing Authority admitting the Placing
Shares to the Official List and the London Stock Exchange admitting the
Placing Shares to trading on the London Stock Exchange (together 'Admission').
It is expected that Admission will be effective on Friday, 3 August 2001 and
that allocations will be confirmed with successful placees as soon as
practicable this afternoon.



HSBC Investment Bank plc ('HSBC') acted as sole bookrunner to the Placing.



Chief Executive, Martin Davey today commented:



'We are delighted by the strong support for the Company demonstrated by the
participation in the placing both by existing and new shareholders.'



Enquiries:


Cranswick                                      Tel: [phone]

      Martin Davey, Chief Executive
      John Lindop, Finance Director

HSBC                                           Tel: [phone]

      John Hannaford
      David Benda

City Road Communications                       Tel: [phone]

      Allan Noel-Baker



The Placing Shares may not be offered or sold in the United States of America
or to or for the account of any US Person (as defined in Regulation S under
the United States Securities Act of 1933 (the 'Securities Act')) absent
registration under the Securities Act or an exemption from such registration.
Cranswick does not intend to register the Placing Shares under the Securities
Act. This announcement is not an offer to sell, or a solicitation of an offer
to buy, any Cranswick ordinary shares. HSBC is acting for Cranswick in
connection with the Placing and will not be responsible to any other person
for providing the protections afforded to customers of HSBC or for providing
advice in connection with the Placing. The Placing Shares are being offered to
institutional investors outside of the United States of America in reliance on
Regulation S under the Securities Act.



The distribution of this announcement and the offering or sale of the Placing
Shares in certain jurisdictions is restricted by law. This announcement may
not be used for, or in connection with, and does not constitute, any offer to,
or solicitation by, anyone in any jurisdiction in which it is unlawful to make
such an offer or solicitation.



This document has been issued by and is the sole responsibility of Cranswick
and has been approved solely for the purposes of Section 57 of the Financial
Services Act 1986 by HSBC, which is regulated in the UK by The Securities and
Futures Authority Limited. HSBC is acting exclusively as broker to Cranswick
and no one else in connection with the Placing and as sponsor in connection
with the application for admission to the Official List and to trading on the
London Stock exchange of the Placing Shares and will not be responsible to any
other person for providing the protections afforded to customers of HSBC or
for providing advice in relation to the Placing or in relation to the contents
of this press release or any transaction or arrangement referred to herein.



Terms defined in the earlier announcement issued today by Cranswick relating
to the Placing have the same meanings when used in this announcement.