SAR - Finsbury Food Group plc

FORM SAR 3

Lodge with a RIS or Newstrack, if appropriate, and the Takeover Panel. A copy
must also be sent to the company the shares of which are acquired.

                                           Date of disclosure…20th October 2004

  DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING SUBSTANTIAL ACQUISITIONS OF   
                                SHARES ('SARs')                                

Date of acquisition … 18th October 2004

Acquisition in … Finsbury Food Group Plc…(name of company)

(1) Class of voting shares Number of shares/rights     If rights over shares   
                           over shares acquired        acquired, as opposed to 
(eg ordinary shares)                                   the shares themselves,  
                           300,000 shares              specify nature of rights
Ordinary shares                                                                
                           .…………………………...              N/A                     
                                                                               
                                                       ……….………………..            

(2) Resultant total        Resultant total holding of  Total percentage        
holding of voting shares   rights over shares (and %                           
(and % of total voting     of total voting shares in   ( 22.7%)                
shares in issue)           issue)                                              
                                                                               
4,800,000 (22.7%)          ....………………………... ( %)                               

(3) Party making disclosure

London Finance & Investment Group P.L.C. and its wholly-owned subsidiary
company, Lonfin Investments Limited

(4) (a) Name of person acquiring shares or rights over shares

As in (3)above

and, if different, beneficial owner …………………………………………………………………….

(b) Names of any other persons acting by

agreement or understanding …………... ..……………………………………………………………

Signed, for and on behalf of the party named in (3) above

J D Crossley for City Group P.L.C.

Company Secretary

(Also print name of signatory)

J D Crossley

Telephone and extension number - 0207 4488957

                    ______________________________________                     

Note 1. Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person. Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.

Note 2. The resultant total percentage holding of voting shares and rights over
shares is to be calculated by reference to the percentage held and in issue
outside treasury.

For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs. If in doubt, contact the Panel on Takeovers and Mergers, Monitoring
Section, Tel. No: 020 7638 0129.
E-mail: [e-mail]