Disposal

Disposal 

    LONDON--(BUSINESS WIRE)--March 24, 2003--

Tate & Lyle PLC

Completion of sale of Tate & Lyle Group's Animal Feed and Bulk Storage
operations in USA and Canada

Tate & Lyle PLC ('Tate & Lyle') announces that the sale of United
Molasses Company, a Delaware Corporation, ('UMUS') and the business
and assets of UM Canada ('UMC') to Westway Holdings Corporation has
now been completed. The signing of conditional agreements for these
disposals was previously announced on 20 December 2002.

The initial consideration for UMC (which is subject to closing
adjustments) of CAD$27 million plus US$1 million (£13 million) has
been received in cash bringing total cash proceeds to some £21 million
and, in addition, more than £8 million has so far been collected from
retained receivables.

For more information contact:
Mark Robinson, Head of Investor Relations [e-mail]
Tel: [phone]

Chris Fox, Director of Corporate Relations (Press)
Tel: [phone]

About Tate & Lyle

Tate & Lyle is a world leader in carbohydrate ingredients. Our core
competence is to take basic carbohydrates - corn, wheat or sugar - and
add value to these raw materials through technology. As a result of
continuous innovation we offer an ever-wider product portfolio of
versatile and functional ingredients. These products include Cereal
Sweeteners, Starches, Sugars and Citric Acid. Our products have wide
applications in the food, beverage, pharmaceutical, cosmetic, paper,
packaging and building industries.

With headquarters in London, the Group has 8,500 employees and 50
plants in 24 countries. Sales in the year to 31 March 2002 totalled
£3.9bn. Tate & Lyle ordinary shares trade on the London Stock Exchange
under TATE.L. In the US, ADRs trade on the NASD OTC Bulletin Board
under TATYY (each ADR is equal to four ordinary shares). Additional
information can be found at the website www.tateandlyle.com.

   Short Name: Tate & Lyle PLC
   Category Code: DIS
   Sequence Number: 00003226
   Time of Receipt (offset from UTC): 20030324T082736+0000