Disposal

Glanbia PLC
03 March 2008


                        GLANBIA EXITS PIGMEAT ACTIVITIES

3 March 2008, Glanbia plc, the international cheese and nutritional ingredients
Group, today announces its exit from pigmeat activities, Glanbia Meats Ireland.

In August 2007 a major fire destroyed a significant part of a Glanbia Meats
processing facility in County Offaly. For the past year or more the Group has
been reviewing the strategic options for the business and further to the
announcement made on 16 January, Glanbia today confirms that it has reached
agreement on the sale of its pigmeat business to an MBO team led by Glanbia
Meats Chief Executive, Mr Jim Hanley. Further to the sale the business is to
operate as Rosderra Irish Meats Group Limited.

The total consideration received by Glanbia for the business (including
insurance proceeds for the destroyed assets) will amount to €35 million. An
exceptional loss of €20.5 million will be recorded in the 2007 financial
statements of the Group relating to the exit from pigmeat activities, inclusive
of the sale of the Ruskey cannery site.

'This development is consistent with Glanbia's stated objective of focusing on
key growth areas of cheese and nutritional ingredients and the proceeds from
this transaction will be invested in furthering the Group's growth strategy'
said Glanbia Group Managing Director, John Moloney.

Ends

For further information contact:

Glanbia plc
Geraldine Kearney
Director of Corporate Communications        0353 56 777 2357 / 00353 87 231 9430




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