AGM Statement

Glanbia PLC
17 May 2005


                            UPDATING STATEMENT - AGM

               GLANBIA EXPECTS TO MEET EXPECTATIONS FOR FULL YEAR


Addressing shareholders at the AGM of Glanbia plc today, Group Managing
Director, John Moloney, outlined the further significant progress the Group had
made in 2004 and said Glanbia is now focused on core areas for development in
Consumer Foods, Food Ingredients and the evolving Nutritionals business.

Mr Moloney said that as anticipated the Group has experienced trading challenges
in the first half of the year, principally in Agribusiness and its Irish milk
processing businesses. He added that as markets currently stand the Group
expects to meet market expectations for the full year.

Chairman, Tom Corcoran added that the Group is on target to complete two major
strategic international dairy processing investments. Milk powder production has
commenced in Nigeria in the Glanbia joint venture with PZ Cussons plc and the
major cheese and whey processing joint venture in New Mexico is on track to
being commissioned at the end of the year.


ENDS

17 May 2004

Enquiries to:      Geraldine Kearney, Group Director of Corporate Communications
                   Tel: 00 353 (0) 56 777 2357
                   Mobile: 00 353 (0) 87 231 9430


                      This information is provided by RNS
            The company news service from the London Stock Exchange