Trading Statement

Trading Statement 

    LONDON--(BUSINESS WIRE)--Jan. 30, 2003--

30 January 2003 - Trading Update

Tate & Lyle issues the following routine trading update.

Group profit before tax in the third quarter of the year to 31 March
2003 has been in line with our expectations. Since the end of
September 2002 net debt, assisted by proceeds from the sale of
non-core assets, has continued to reduce.

In the US, Staley has substantially completed the negotiation of its
calendar 2003 sales contracts. Overall, we expect to maintain
sweetener margins at calendar 2002 levels. Higher margins are
anticipated on basic starch and food ingredient products but citric
acid selling prices continue to be affected by global oversupply.

In Europe, small pricing gains at Amylum in certain markets and
products (such as vital wheat gluten) have been offset by price
reductions elsewhere. Based on current raw material prices, margins in
calendar 2003 are expected to be similar to those achieved in calendar
2002.

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

Chris Fox, Head of Group 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: TST
   Sequence Number: 00001739
   Time of Receipt (offset from UTC): 20030129T174833+0000