Subsids Disposal

Tate & Lyle PLC 16 August 2000 Tate & Lyle PLC - Disposal of Sweetlix Tate & Lyle PLC announces that on August 15, 2000 its subsidiary PM Ag Products Incorporated sold its wholly-owned Sweetlix business to a newly-formed company, Sweetlix, LLC, of Seattle, Washington, owned by Seattle investor Joe Brotherton. Under the terms of the sale, Sweetlix, LLC acquired three feed block plants located at Syracuse, Indiana; Montgomery, Alabama; and Fort Worth, Texas, and associated working capital. The value of net assets to be sold is US$11.0 million (£7.3 million). Sale proceeds will be used to reduce Tate & Lyle Group debt.

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Tate & Lyle (TATE)
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