Pricing of Tender Offer

Pricing of Tender Offer

Tate & Lyle PLC

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY PERSON RESIDENT AND/OR LOCATED IN THE UNITED STATES OF AMERICA OR THE REPUBLIC OF ITALY

24 November 2009

TATE & LYLE INTERNATIONAL FINANCE PLC
PRICING OF CASH TENDER OFFER

Tate & Lyle PLC (Tate & Lyle) announces the pricing of an invitation by its subsidiary, Tate & Lyle International Finance PLC (the Company), to the holders of its £200,000,000 6.50 per cent. Notes due 2012 (the Notes) issued under the €1,000,000,000 Note Programme of the Company and Tate & Lyle to tender their Notes for repurchase for cash (the Offer).

The Offer was made on the terms and subject to the conditions contained in the tender offer memorandum dated 16 November 2009 (the Tender Offer Memorandum) and this announcement should be read in conjunction with the Tender Offer Memorandum. Capitalised terms used but not otherwise defined in this announcement shall have the meaning given to them in the Tender Offer Memorandum.

Further to its announcement of earlier today, Tate & Lyle hereby announces that the Repurchase Price the Company will pay for each £1,000 in nominal amount of the Notes accepted by it for repurchase pursuant to the Offer was determined at or around 2.00 p.m. (London time) today in the manner described in the Tender Offer Memorandum by reference to the annual equivalent of the sum (the Repurchase Yield) of (i) the Repurchase Spread and (ii) the Benchmark Security Rate, as follows:

Benchmark Security Rate	Â	1.417% (semi-annual basis)
Repurchase Spread		1.80%
Repurchase Yield		3.243% (annual basis)
Repurchase Price (%)		107.924% (rounding to three decimal places)
Repurchase Price (per £1,000)		£1,079.24

The Company will also pay, on the Settlement Date, Accrued Interest of £27.07 per £1,000 in nominal amount of such Notes. The total cash payment per £1,000 in nominal amount will amount to £1,106.31. Settlement is expected to occur on 27 November 2009.

Barclays Bank PLC and The Royal Bank of Scotland plc are acting as Dealer Managers for the Offer. The Bank of New York Mellon is acting as Tender Agent. For detailed terms of the Offer please refer to the Tender Offer Memorandum.

THE DEALER MANAGERS
	Â
Barclays Bank PLC		The Royal Bank of Scotland plc
5 The North Colonnade		135 Bishopsgate
Canary Wharf		London EC2M 3UR
London E14 4BB
For information by telephone: [phone]		For information by telephone: [phone]
Attention: Liability Management Group		Attention: Andrew Burton/Gianmarco Deiana
Email: [e-mail]		Email: [e-mail]

THE TENDER AGENT

Â

The Bank of New York Mellon

One Canada Square

London E14 5AL

For information by telephone: 0207 964 4958

Attention: Les Cummings/Andrew Rogers

Email: [e-mail]

No offer or invitation to acquire any securities is being made pursuant to this announcement.

The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions (in particular, the United States of America, the Republic of Italy, the United Kingdom, Belgium and France) may be restricted by law. Persons into whose possession this announcement and the Tender Offer Memorandum comes are required by the Company, the Dealer Managers and the Tender Agent to inform themselves about, and to observe such restrictions.