Trading Statement

Greggs PLC
08 January 2003

8 January 2003

                                   GREGGS plc

                                 TRADING UPDATE


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 around 1,200 retail outlets throughout the UK, trading under the Greggs
and Bakers Oven brands.

Trading in the second half of the year was in line with our expectations, with
estimated like-for-like sales in the 28 weeks to 28 December 2002 up by 5.4%.
As we had budgeted, our growth rate moderated progressively during the period,
reflecting comparison with the particularly strong performance achieved in the
latter part of 2001.  We concluded the year with a like-for-like sales increase
in the Christmas period of just over 4%.

Costs in the second half were in line with our budgets, with the main feature
being the substantial increase in our insurance premiums, which we bore in
common with other retailers and manufacturers.  Further increases in insurance
costs are anticipated in 2003.

Overall, we expect to report results for 2002 that demonstrate satisfactory
progress, in line with our expectations.  The preliminary results announcement
is scheduled for Friday, 7 March 2003.


ENQUIRIES:

Greggs plc
Mike Darrington, Managing Director
Malcolm Simpson, Financial Director
Tel: [phone]

Hudson Sandler
Keith Hann / Wendy Baker
Tel: [phone]


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            The company news service from the London Stock Exchange