Director Shareholding

Glanbia PLC
09 December 2004

                              
Name of Company:              Glanbia plc

Date of Release:              9 December 2004.


Glanbia plc: Notification of Interests of Directors/Secretary.


Share Options granted under the Glanbia plc 2002 Long Term Incentive Plan:

Description of Shares:                       Ordinary €0.06
Date of Grant:                               9 December 2004.
Date of Disclosure:                          9 December 2004.
Period during which exercisable:             10 December 2007 - 8 December 2014.
Total Amount paid for grant of options:      Nil.
Exercise Price:                              €2.725 per share.
Nature of Interest:                          Beneficial.


Director:            Geoffrey J. Meagher

Number of shares involved:                                   75,000
Number of shares eligible for Share Award (Note):             7,500
Number of shares over which options held
following this notification (inclusive of Share Award):     383,000


Director:            John J. Moloney

Number of shares involved:                                  150,000
Number of shares eligible for Share Award (Note):            10,000
Number of shares over which options held
following this notification (inclusive of Share Award):      633,593


Director:            Kevin E. Toland

Number of shares involved:                                   100,000
Number of shares over which options held
Following this notification:                                 284,993


Secretary:            Siobhan Talbot
(Section 65 Companies Act 1990)

Number of shares involved:                                    75,000
Number of shares eligible for Share Award (Note):              7,500
Number of shares over which options held
following this notification (inclusive of Share Award):      267,493
          
Note:     Participant is eligible for a Share Award under Rule 14.2 of the 
          Glanbia plc 2002 Long Term Incentive Plan of 10% (J. Moloney 6.6%) of 
          the Ordinary Shares that he/she continues to hold following the second 
          anniversary of the exercise of the Option.


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