Trading Statement

Glanbia PLC
10 July 2007



                     2007 GLANBIA INTERIM TRADING STATEMENT

                        POSITIVE FIRST HALF PERFORMANCE
     ON TARGET TO DELIVER STRONG DOUBLE DIGIT GROWTH FOR THE FULL YEAR



10 July 2007 - Glanbia plc, the international dairy foods and nutritional
ingredients Group, today issues this trading statement for the six months ending
30 June 2007. Interim Results are due to be announced on Wednesday, 29 August
2007.

Overall, Glanbia had a positive first half performance with good growth in
revenues, profits and margins. As a consequence the Group expects earnings per
share will show an increase of approximately 20%, compared with a flat first
half performance in 2006. There were a number of contributing factors, as
Glanbia continues to benefit from its spread of businesses and ongoing execution
of its growth strategy, against a backdrop of positive trends in world dairy
markets.


For the first six months of 2007, Consumer Foods and Agribusiness and Property
performed broadly in line with expectations, even though markets remain
competitive. Food Ingredients, the Group's largest division, delivered a strong
performance. While Food Ingredients Ireland delivered an improved performance
when compared with a difficult first half in 2006, the key performance drivers
for this division were Food Ingredients USA and Nutritionals, including a full
six month contribution from Seltzer Companies Inc., the 2006 Nutritionals
acquisition.


Conversely, the dramatic increases in raw material prices as a result of strong
global dairy markets led to short term trading pressures in the Group's key
international joint ventures in the UK, USA and Nigeria, as these businesses
experienced an inevitable time lag in recovering or redressing these cost
increases. While this is being actively managed, these operations encountered
challenging trading conditions, which will be reflected in disappointing first
half performances. Operationally and in terms of market development these
businesses are performing well.


Glanbia expects the Group's full year performance in line with the upper end of
market expectations, despite a cautious outlook for international joint ventures
for the second half. The Group will give a full update on the expectations for
2007 at the announcement of the Interim Results.


John Moloney, Group Managing Director, commented 'Glanbia had a very satisfactor
y performance in the first six months and expects to deliver earnings per share
growth of approximately 20% for the first half of 2007. For the full year, there
are some short term factors in our international joint ventures that cause us to
be a bit cautious at this time. However, we expect to deliver strongly in terms
of profits, margins and earnings and we are confident that the Group is well on
target to deliver strong double digit growth for 2007 as a whole. Overall, I am
pleased that the Group's growth strategy and spread of business is delivering
and the outlook is positive for sustained high growth going forward.'


For further information contact

Glanbia plc [phone]
Geoff Meagher, Deputy Group Managing Director/Group Finance Director
Siobhan Talbot, Deputy Group Finance Director
Geraldine Kearney, Corporate Communications Director + 353 87 231 9430

Hogarth Partnership UK [phone]
John Olsen




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