Stabilisation Notice

Premier Foods PLC
20 July 2004



20 July 2004


Stabilisation Notice


Dear Sirs


Global Offer of 162,790,698 ordinary shares of 1 pence each at a price of 215
pence per ordinary share (the 'Ordinary Shares') of Premier Foods plc (with an
over-allotment option of up to 24,418,605 Ordinary Shares)


Merrill Lynch International ('MLI') notifies you that it is the stabilising
manager and may conduct stabilising activities in relation to the Ordinary
Shares, ISIN: GB00B01QLV45 ('the Ordinary Shares') and in connection with the
above transaction.  MLI confirms the following:



1     The securities to be stabilised are the Ordinary Shares (ISIN:
      GB00B01QLV45) referred to above; no other associated securities are 
      subject to stabilisation;

2     The stabilising manager is Merrill Lynch International (contact: John 
      Millar / Mark Gwynne - Telephone: [phone]);

3     The stabilisation period is expected to commence at 8.00 am on 20 July and 
      ends on 22 August 2004 inclusive (30 days after Admission);

4     The issue price of the Ordinary Shares has been announced on 20 July 2004.



Stabilisation will be conducted in accordance with FSA rules




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