Statemnt re Capital Structure

Premier Foods plc
15 November 2004


This announcement appears as a matter of record only.


Following the completion of its IPO on the London Stock Exchange on 23 July 
2004, Premier Foods plc re-financed its senior secured credit facilities. On 1 
September 2004, it redeemed in full its USD 200.0 million and GBP 75.0 million 
senior notes, funded through an additional drawing on the group's new GBP 580.0 
million senior secured credit facilities.

After the re-financing of the capital structure, no rated debt remains 
outstanding. Consequently, at the request of Premier Foods plc, both S&P and 
Moody's have withdrawn their rating of the group's aforementioned publicly 
quoted debt.



                      This information is provided by RNS
            The company news service from the London Stock Exchange