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Tuesday 13 November, 2001

WT Tiger 3 Limited

Offer Update

WT Tiger 3 Limited
13 November 2001

                                                           13 November 2001

              Not for release, publication or distribution in or into
                 the United States, Canada, Australia or Japan


                           Recommended cash offer
                             for WT Foods plc
              by Rabobank International on behalf of W T Tiger 3 Limited
                    declared unconditional as to acceptances

Further to the announcement on 30 October 2001 that the Offer had been
extended until 12 November 2001, Rabobank International announces on behalf
of W T Tiger 3 Limited ('Tiger Three') that the Offer is hereby declared
unconditional as to acceptances and the Offer will remain open for acceptance
until further notice.

As at 3.00 p.m. on 12 November 2001, valid acceptances of the Offer had been
received in respect of 134,057,327 Ordinary Shares, representing
approximately 91.2 per cent. of the Ordinary Shares to which the Offer
relates and approximately 83.9 per cent. of the issued ordinary share capital
of WT Foods plc ('WT Foods') on a fully diluted basis. These acceptances
include acceptances received pursuant to irrevocable undertakings and letters
of support to accept the Offer given by the directors of WT Foods and certain
other WT Foods Shareholders prior to the announcement of the Offer in respect
of an aggregate of 71,427,963 Ordinary Shares, representing approximately
48.6 per cent. of the Ordinary Shares to which the Offer relates.

Accordingly, as at 3.00 p.m. on 12 November 2001, Tiger Three had received
valid acceptances, letters of support or irrevocable undertakings to accept
in respect of, or otherwise agreed to purchase, a total of 146,274,407
Ordinary Shares, representing approximately 91.6 per cent. of the issued
ordinary share capital of WT Foods on a fully diluted basis.

As at the close of business on 7 June 2001 (being the date immediately prior
to the commencement of the Offer period), persons deemed to be acting in
concert with Tiger Three owned 21,980,348 Ordinary Shares (or rights over
Ordinary Shares), representing approximately 13.8 per cent. of the issued
ordinary share capital of WT Foods on a fully diluted basis, of which
10,625,365 Ordinary Shares are subject to the Management Exchange Agreement
and therefore not subject to the Offer. All of these 21,980,348 Ordinary
Shares are either subject to irrevocable undertakings or letters of support
as referred to in the second paragraph, in respect of which acceptances
relating to 10,471,226 Ordinary Shares have been received, or otherwise have
been conditionally sold to Tiger Three pursuant to the Management Exchange
Agreement.

Save as disclosed above, neither Tiger Three nor any person acting, or deemed
to be acting, in concert with Tiger Three owned any Ordinary Shares (or
rights over Ordinary Shares) on 7 June 2001 (being the date immediately prior
to the commencement of the Offer period), or has acquired or agreed to
acquire any Ordinary Shares (or rights over Ordinary Shares) during the Offer
period.

The Offer is subject to the terms set out in the Offer Document and Form of
Acceptance. WT Foods Shareholders who wish to accept the Offer and have not
yet done so should despatch their Forms of Acceptance as soon as possible.
Words and expressions defined in the Offer Document dated 6 October 2001
shall, unless the context otherwise requires, have the same meaning when used
in this announcement.

Enquiries:



  Bridgepoint Capital       020 7374 3670  Brunswick Group       020 7404 5959
  James Murray              07802 259 761  Jonathan Glass
                                           Patrick Handley
  Tiger Three               01707 322 332  Rabobank              020 7809 3000
  Keith Stott                              International John
  Rod Garland                              Cripps
                                           Barry Leighton
  WT Foods                  020 7600 4800  Hoare Govett          020 7678 8000
  Philip Lovegrove                         Philip Dayer

The Offer is not being made, directly or indirectly, in or into the United
States, or by use of the mails, or by any means or instrumentality of
interstate or foreign commerce, or any facilities of a national securities
exchange, of the United States (or any area subject to its jurisdiction or
any political subdivision thereof), nor is it being made in Canada, Australia
or Japan. Accordingly, copies of this announcement are not being and must not
be mailed or otherwise distributed or sent in, into or from the United
States, Canada, Australia or Japan and persons receiving any such documents
(including nominees, trustees or custodians) must not distribute or send them
in, into or from the United States, Canada, Australia or Japan. The
availability of the Offer to Ordinary Shareholders who are not resident in
the United Kingdom may be affected by the laws of relevant jurisdictions.
Ordinary Shareholders who are not resident in the United Kingdom should
inform themselves about and observe any applicable restrictions.

Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A, trading as Rabobank
International, which is regulated in the United Kingdom by The Securities and
Futures Authority Limited for the conduct of investment business, is acting
exclusively for Tiger Three and no one else in connection with the Offer and
will not be responsible to anyone other than Tiger Three for providing the
protections afforded to clients of Rabobank International or for giving
advice in relation to the Offer.

Hoare Govett Limited, which is regulated in the United Kingdom by The
Securities and Futures Authority Limited, is acting exclusively for WT Foods
and no one else in connection with the Offer and will not be responsible to
anyone other than WT Foods for providing the protections afforded to clients
of Hoare Govett Limited or for giving advice in relation to the Offer.