AGM Statement

Greggs PLC
14 May 2007


                                                                               

14 May 2007


                                   GREGGS plc

                            CHAIRMAN'S AGM STATEMENT


 Greggs is the UK's leading retailer specialising in sandwiches, savouries and
other bakery products, with a particular focus on takeaway food and catering. It
 has over 1,300 retail outlets throughout the UK, trading under the Greggs and
                              Bakers Oven brands.


At the Annual General Meeting to be held in Newcastle upon Tyne this afternoon,
the Chairman Derek Netherton will say:


"I am pleased to report a satisfactory performance in the first half to date.
Like-for-like sales in the 18 weeks to 5 May 2007 have increased by 4.9 per
cent, improving on the 3.9 per cent increase for the first nine weeks already
reported in March. This compares with a flat sales performance in the first 18
weeks of 2006, and reflects increased consumer traffic on the high street and
favourable weather conditions. We have also benefited from an increase in the
number of our shops trading on Sundays. Our retail selling price inflation
during the period has been 4.0 per cent, so we have achieved a modest increase
in core volumes after allowing for the benefit of extended Sunday opening.


"As a result of this sales performance, operating profit in the year to date is
ahead of our budget and the comparable period last year.


"Last month we launched the first phase of a £3 million integrated marketing
campaign designed to build awareness of the Greggs brand, advertising on
national TV and radio, posters and the Internet. This is expected to deliver
real benefits through increasing consumer recognition in the longer term.


"We are progressing a number of trials of new products and shop formats, with
encouraging initial results. Steady progress is also being made in the process
of moving away from our previously decentralised management structure to ensure
that we are even more customer-focused and to build a strong, unified, national
Greggs brand.


"So far this year the Company has purchased for cancellation 29,151 of its
ordinary shares at an average price of £48.51 and a total cost of £1.4 million.
We are seeking shareholders' approval to renew our authority to buy back shares
at today's Annual General Meeting.


"Our next update to shareholders will be the announcement of the Group's interim
results for the 24 weeks to 16 June 2007, which is scheduled for Tuesday, 31
July 2007."

ENQUIRIES:
Greggs plc                                   Hudson Sandler
Sir Michael Darrington, Managing Director    Wendy Baker / Jessica
                                             Rouleau
Richard Hutton, Finance Director             Tel: [phone]
Tel: [phone]




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