Disposal

Tate & Lyle PLC 16 November 2001 Tate & Lyle PLC announces the sale of its US Animal Feeds businesses at Johnstown, Colorado, and Billings, Montana. The sale, to Cattlemen's Choice Loomix Production, LLC, includes liquid feed plants together with the Loomix trademark. The value of the net assets sold at the end of March 2001 amounted to less than £1 million, and the sale will not affect the Group materially. The disposal is part of an ongoing effort to divest of non-core or under-performing businesses and enables United Molasses North America to focus on developing its core business of marketing molasses to industrial and feed manufacturers. For more information contact: Mark Robinson 020 7626 6525 Chris Fox 020 7626 6525 (Press)

Companies

Tate & Lyle (TATE)
UK 100

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