Offer Update

Greencore Group PLC 12 December 2000 Not for release, publication or distribution in or into Canada, Australia or Japan Greencore Group plc ('Greencore') recommended cash offer ('the Offer') for Hazlewood Foods plc ('Hazlewood') Greencore announces that the Offer for Hazlewood, as set out in the Offer Document dated 21 November 2000, will be extended and remain open until 3.00p.m. on Tuesday, 2 January 2001. Prior to the commencement of the offer period, neither Greencore nor the Offeror owned any Hazlewood Shares. Since the announcement of the Offer, the Offeror has acquired 46,000,000 Hazlewood Shares, representing approximately 20.1 per cent. of the issued ordinary share capital of Hazlewood. As at 3.00 p.m. on 12 December 2000, the first closing date of the Offer, valid acceptances of the Offer had been received in respect of 140,523,342 Hazlewood Shares, representing 61.6 per cent. of the issued ordinary share capital of Hazlewood. Included in the total acceptances referred to above are valid acceptances in respect of 65,005,182 Hazlewood Shares from the directors and certain other shareholders who have given irrevocable undertakings to accept the Offer. Accordingly, as at 3.00 p.m. on 12 December 2000, the Offeror owned or had received valid acceptances in respect of 186,523,342 Hazlewood Shares, representing approximately 81.7 per cent. of the issued ordinary share capital of Hazlewood. Save as disclosed above, neither Greencore nor any persons deemed to be acting in concert with Greencore (excluding exempt market makers and exempt fund managers) owns or is interested in, directly or indirectly, any Hazlewood Shares. The above figures do not yet include 5,910,300 Hazlewood Shares which are subject to an irrevocable undertaking described in the Offer Document but in respect of which a valid acceptance has not been received by the Offeror prior to the first closing date. Terms used in this announcement have the same meaning as in the Offer Document dated 21 November 2000. Enquiries: Greencore +353 1 605 1000 David Dilger Kevin O'Sullivan Ben Power Schroder Salomon Smith Barney +44 20 7986 4000 Peter Smart Mark Todd Financial Dynamics +44 20 7831 3113 Tom Baldock Drury Communications +353 1 260 5000 Trish Morrissey Salomon Brothers International Limited, trading as Schroder Salomon Smith Barney ('Schroder Salomon Smith Barney'), which is regulated in the United Kingdom by The Securities and Futures Authority Limited, is acting for Greencore and the Offeror and no one else in connection with the Offer for Hazlewood, and will not be responsible for anyone other than Greencore and the Offeror for providing the protections afforded to customers of Schroder Salomon Smith Barney or for providing advice to any other person in relation to the Offer.
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