Acquisition

Kerry Group PLC
04 May 2004




Press Announcement


4 May 2004                       For immediate release





Kerry Group completes purchase of Quest Food Ingredients



Kerry, the global ingredients, flavours and consumer foods group, today
confirmed the completion of the Group's purchase of Quest Food Ingredients from
the ICI Group.



On a 2003 pro-forma basis, the acquired business had annual revenues of US$255m
and earnings before interest, taxation, depreciation and amortisation (EBITDA)
of US$37m. Total consideration for the acquistion amounts to US$440m.



Quest Food Ingredients is a leader in innovation and applications of
bio-ingredients and pharma-ingredients, serving pharmaceutical, culinary, snack,
bakery, dairy and confectionery markets worldwide. Reflecting the business
culture and unique strengths of Quest Food Ingredients, the acquired business
will form a new Kerry Bio-Science division in Kerry Group.



Tha acquisition was completed on 30 April 2004.





                                      ends







For further information please contact:



Frank Hayes,                   Tel:  [phone]
Director of Corporate Affairs, Fax:  [phone]
Kerry Group plc.             Email: [e-mail] 


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