AGM Statement

McBride PLC 7 December 2000 McBRIDE plc AGM STATEMENT At the Annual General Meeting of McBride plc the Chairman, Lord Sheppard, said 'You will have seen from the 2000 Report and Accounts that the difficult market conditions of the second half of last year have continued in the first quarter of the current year. Trading in October and November has maintained this pattern. The major features continue to be competition from the branders and retail price competitiveness combined with the impact of the weak Euro on Continental European input prices and deflation of the sterling reported results of our Continental European businesses. The performance of Wrafton in the OTC pharmaceutical market and of Intersilesia in Eastern Europe remain strong. Measures have been identified to increase sales, mitigate inflationary input costs and reduce all other costs and these are being implemented. It is difficult, however, to estimate when the impact of these measures will be realised and to forecast the outcome for the year. In our announcement on 26th September we said that we had received a number of preliminary enquiries from interested parties concerning a possible offer for the company. Some discussions are continuing and whilst there is no certainty that any transaction will result, an announcement will be made as further developments occur.' - ENDS - For further information please contact: Mike Handley, Chief Executive Terry Monks, Group Finance Director McBride plc 01494 607050 Andrew Dowler Fiona Meiklejohn Financial Dynamics 020 7831 3113


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