Trading Statement

Greggs PLC
10 January 2000

                          GREGGS plc
                        TRADING UPDATE

The group continued to achieve good core volume growth throughout the second
half, driven primarily by the success of our takeaway food ranges under both
the Greggs and Bakers Oven brands.  Like for like sales grew strongly, in
accordance with our plans: the overall growth rate in the second half was only
slightly lower than that already reported for the first half, when group like
for like sales advanced by 7.0 per cent.  This was despite a significant sales
shortfall in the final week of the year arising from the post-Christmas bank
holidays on 27 and 28 December, and the additional Millennium bank holiday on
31 December.  The resulting under-recovery of fixed costs in this week, which
we forecast in the interim report, was in line with our budgets.

The highlight of 2000 so far has been the opening of the Bakers Oven store at
the Millennium Dome in Greenwich, where public reaction and initial trading
have both been well ahead of our expectations.  This presents an important
opportunity to raise public awareness of the Bakers Oven brand.

ENQUIRIES:
Greggs plc                                   Hudson Sandler
Mike Darrington, Managing Director           Keith Hann / Justin Strong
Malcolm Simpson, Financial Director          Telephone:  [phone]
Telephone:  [phone]