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Tate & Lyle PLC (TATE)

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Thursday 10 August, 2000

Tate & Lyle PLC


Tate & Lyle PLC
10 August 2000

              Tate & Lyle PLC - Sale of Booker Tate Limited                 

Tate & Lyle PLC announces that it has sold its 50% interest in Booker Tate
Limited ('Booker Tate'), a leading international agro-industrial management
company, to Murray & Roberts Limited of South Africa.  Iceland Group plc's
subsidiary, Booker plc, has similarly disposed of its 50% shareholding.

The gross cash consideration for 100% of Booker Tate is £12.2 million.  After
repayment of loans totalling £3.1 million, made equally to Booker plc and Tate
& Lyle PLC by Booker Tate, the net cash consideration is £9.1 million.

Sale proceeds will be used to reduce Tate & Lyle Group debt.


Charles King     020-7626-6525
Chris Fox        020-7626-6525 (Press)