Rslt of Placing & Open Offer

CRANSWICK PLC
29 September 1999

                          
CRANSWICK plc
RESULTS OF THE PLACING AND OPEN OFFER

Cranswick  plc ('Cranswick') announces that at 3.00  p.m.
on  28 September 1999, valid applications under the  open
offer to qualifying shareholders detailed in the Circular
to  shareholders of Cranswick dated 6 September 1999 (the
'Open Offer') had been received in respect of a total  of
1,900,354   new  ordinary  shares  in  Cranswick.    This
represents 53.98 per cent. of the 3,520,458 new  ordinary
shares  conditionally placed (subject to  clawback  under
the   Open  Offer)  at  340p  per  ordinary  share   (the
'Placing'). The balance of 1,620,104 new ordinary  shares
not applied for by qualifying shareholders under the Open
Offer,  which has now been closed, will be subscribed  by
placees  pursuant to the Placing.  The Placing  and  Open
Offer was fully underwritten by HSBC Investment Bank plc.

The    extraordinary   general   meeting   of   Cranswick
shareholders  to approve, inter alia, the acquisition  of
Pethick  &  Co.  Limited and an associated property  (the
'Acquisition')  is  to  be  held  at  11.00  a.m.,  today
Wednesday 29 September 1999.

It  is expected that the new ordinary shares to be issued
pursuant  to the Placing and Open Offer will be  admitted
to  listing  on the London Stock Exchange  on  6  October
1999.   CREST  stock  accounts are also  expected  to  be
credited on that date.  Definitive share certificates are
expected  to  be  posted  to shareholders  holding  their
shares in certificated form by 15 October 1999.

Enquiries:
Cranswick plc                            01377 - 270 649
Martin Davey, Chief Executive
John Lindop, Finance Director

HSBC Investment Bank plc                 0171 - 336 9000
John Mellett, HSBC Investment Bank plc
John Hannaford, HSBC Investment Bank plc

Paternoster Partnership                  0171 - 336 7776
Paul Quade

This  announcement, for which the Directors of  Cranswick
plc  are  solely responsible, has been approved  by  HSBC
Investment  Bank plc, which is regulated  in  the  United
Kingdom  by the Securities and Futures Authority Limited,
solely  for  the purposes of section 57 of the  Financial
Services Act 1986.

HSBC  Investment  Bank  plc  is  acting  exclusively  for
Cranswick  plc  and  no-one else in connection  with  the
Placing  and Open Offer, and, accordingly, is not  acting
for,  and  will not be responsible to, anyone other  than
Cranswick  plc for providing the protections afforded  to
customers  of  HSBC Investment Bank plc or for  providing
advice  in relation to the Placing and Open Offer.   This
announcement  does not constitute an offer or  invitation
to purchase or sell any securities.