Response to OFT

Premier Foods plc 05 February 2007 FOR IMMEDIATE RELEASE NOT FOR DISTRIBUTION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF LOCAL SECURITIES LAW. PREMIER FOODS PLC & RHM PLC ANNOUNCEMENT BY THE OFFICE OF FAIR TRADING Premier Foods plc ('Premier') and RHM plc ('RHM') are pleased to note the announcement by the Office of Fair Trading ('OFT') earlier today of its decision not to refer Premier's proposed acquisition (the 'Acquisition') of RHM to the Competition Commission. The decision of the Irish Competition Authority in relation to the Acquisition is expected to be announced on 9 February. An extraordinary general meeting of Premier shareholders to approve, amongst other things, the Acquisition is due to take place at 10.00 a.m. on 15 February 2007, the Court meeting of RHM shareholders in respect of the Scheme is due to take place at 12.00 p.m. on 15 February 2007, and an extraordinary general meeting of RHM Shareholders to approve, amongst other things, the Scheme is due to take place at 12.15 p.m. on 15 February 2007. The Scheme is expected to become effective on 16 March 2007. References to times in this announcement are to London times. Terms not otherwise defined in this announcement have the same meaning as given in the prospectus of Premier dated 22 December 2006. For further information, please contact: Premier Tel: 01727 815 850 Robert Schofield, Chief Executive Paul Thomas, Finance Director Robert Lawson, Director of Mergers and Acquisitions and Investor Relations Gwyn Tyley, Investor Relations Manager RHM Tel: 01628 478 484 Ian McMahon, Chief Executive Officer Andrew Allner, Group Finance Director John McIvor, Director of Investor Relations and Industry Strategy Rothschild (financial advisor to Premier) Tel: 020 7280 5000 Akeel Sachak Alexis Masters Robert Plowman Credit Suisse (joint financial adviser and corporate broker to RHM) Tel: 020 7888 8888 George Maddison Ian Brown Richard Crawley (Corporate Broker) Citigroup (joint financial adviser to RHM) Tel: 020 7986 4000 Iain Robertson Ian Carnegie-Brown Irfan Shariff Citigate Dewe Rogerson (PR Advisors to Premier Foods) Tel: 020 7638 9571 Michael Berkeley Nicola Smith Financial Dynamics ( PR Advisors to RHM) Tel: 020 7269 7291 Andrew Lorenz Richard Mountain This announcement has been issued by, and is the joint responsibility of, Premier and RHM. N M Rothschild & Sons Limited, which is authorised and regulated by the Financial Services Authority in the United Kingdom, is acting as financial adviser and sponsor to Premier and no one else in relation to the matters described in this announcement and will not be responsible to any person other than Premier for providing the protections afforded to clients of N M Rothschild & Sons Limited, nor for providing advice in relation to the matters described in this announcement. Credit Suisse, which is authorised and regulated by the Financial Services Authority, is acting for RHM and no-one else in connection with the Offer and will not be responsible to anyone else other than RHM for providing the protections afforded to clients of Credit Suisse or for providing advice in relation to the Offer or any other matters referred to in this announcement. Citigroup, which is authorised and regulated by the Financial Services Authority, is acting for RHM and no-one else in connection with the Offer and will not be responsible to anyone else other than RHM for providing the protections afforded to clients of Citigroup or for providing advice in relation to the Offer or any other matters referred to in this announcement. This announcement does not constitute an offer to sell or the solicitation of an offer to buy New Ordinary Shares. The offer to acquire New Ordinary Shares in connection with the Acquisition is being made solely on the basis of information contained in the prospectus of Premier dated 22 December 2006. The information contained in this announcement is not for release, publication or distribution to persons in the United States, Canada, Australia, Japan or any other jurisdiction where to do so may constitute a violation of local securities laws. This announcement is not an offer of securities for sale into the United States. The New Ordinary Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold, directly or indirectly, in the United States absent registration or exemption from registration. The New Ordinary Shares have not been, and will not be, registered with any regulatory authority of any state within the United States. There will be no public offer of securities within the United States. This information is provided by RNS The company news service from the London Stock Exchange
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