Tate & Lyle PLC: Sale of United Molasses Withd

Tate & Lyle PLC: Sale of United Molasses Withdrawn 

    LONDON--(BUSINESS WIRE)--Sept. 4, 2002--

Tate & Lyle PLC announces that despite expressions of interest from a
number of parties and several weeks of detailed negotiations, the sale
process has not produced an offer for its world-wide molasses and
storage business ('UM') that reflects its contribution to the Group.

UM continues to trade profitably and management will examine other
opportunities to maximise returns from the business which may include
partial disposals, together with the retention of some elements of the
business.

For more information contact:       Mark Robinson 020 7626 6525

   Short Name: Tate & Lyle PLC
   Category Code: STR
   Sequence Number: 00000732
   Time of Receipt (offset from UTC): 20020904T150532+0100