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Greencore Group PLC (GNC)

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Thursday 30 November, 2000

Greencore Group PLC

Final Results - Summary

Greencore Group PLC
30 November 2000

                                Press Release

         Preliminary Announcement of Results for Greencore Group plc

                    For the Year Ended 29th September 2000


Greencore Group plc today (Thursday 30th November 2000) announced its results
for the year ended 29th September 2000.

Highlights of the results included:

  * Sales increase of 5% to Euro 906 million (1999: Euro 862 million)
  * Pre tax profit before exceptional items Euro 70.6m million (1999: Euro
    74.3 million)
  * Headline Earnings per share Euro 34c (1999: Euro 34.5c)
  * Final Dividend up by 5% to IR6.5p (1999: IR6.2p)
  * Total dividend up by 6% to IR9.95p (1999:IR9.35p)

Commenting on the results, David Dilger, Chief Executive, Greencore Group plc
said:

'We are pleased with the growth in our food and ingredients businesses and
believe there is significant opportunity for further growth in these areas.
The outlook for Malt is encouraging and we are well positioned to take
advantage of the anticipated upturn in this market. Meanwhile, the Irish sugar
beet processing campaign is progressing well.

Our strategy is clear - to generate sustained earnings performance through
optimising returns from our cash generative commodity businesses, by acquiring
consumer foods businesses which we believe have the ability to exploit strong
market positions, when combined with our existing operations and management
expertise. We have already acquired and successfully integrated seven such
businesses over the past four years and they are now contributing
significantly to the Group's profitability. We have a good track record and
proven operational management skills to enable us to integrate Hazlewood when
acquired into Greencore and ensure that it realises its full potential,' he
continued.