AGM Statement

C&C Group Plc 07 July 2006 Chairman's Updating Statement Dublin, London, 7 July, 2006: C&C Group plc ('C&C' or the 'Group'), a leading manufacturer, marketer and distributor of branded beverages in Ireland and the UK, today issued the following Chairman's statement at the company's AGM held at the Westbury Hotel, Grafton Street, Dublin 2. "C&C is pleased to report that both revenue and operating profit, for the first four months of its current financial year, are significantly ahead of our expectations. This primarily reflects better than expected Magners' sales growth following its UK national roll-out in March of this year. It also reflects Bulmers' continuing out-performance of the Irish Long Alcohol Drinks market and the benefit of good early summer weather. The Group's expansion of its cider manufacturing capacity is proceeding to plan and the new bottling plant came on stream in June 2006. C&C's experience to date sustains our belief that Bulmers' strength and Magners' investment led strategy provides your Group with attractive and sustainable growth prospects. There has been some disruption to the supply of both soft drinks and cider to customers since late June due to a constraint on the supply of CO2 to the UK and Irish markets. While this supply constraint is impacting certain aspects of its business C&C does not currently expect that it will have a material adverse effect on the Group's overall financial performance in 2006/07. As announced earlier in the week, C&C has entered into an agreement to dispose of its snacks business for a consideration of €62.3 million. Subject to the receipt of regulatory consents, completion of the sale is expected to occur before the end of 2006. Proceeds arising from this disposal will be used to pay down debt. We would like to record our appreciation for the commitment and contribution of all of those involved in our snacks business over many years." The Group will issue a first half pre-close trading statement on 31 August 2006. ENDS Investors and analysts Irish Media International Media Mark Kenny or Jonathan Neilan Paddy Hughes or Ann-Marie Curran James Leviton K Capital Source Drury Communications Finsbury Group Tel: +353 1 631 5500 Tel: +353 1 260 5000 Tel: +44 20 7251 3801 Email : c& Email: phughes@drurycom.com Email: cgroup@kcapitalsource.com james.leviton@finsbury.com This information is provided by RNS The company news service from the London Stock Exchange
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