Trading Statement

Glanbia PLC
08 January 2008



                          PRE CLOSE TRADING STATEMENT

                       STRONG 2007 PERFORMANCE CONFIRMED
                           OUTLOOK POSITIVE FOR 2008

8 January 2008 - Glanbia plc, the international dairy foods and nutritional
ingredients Group, issues this trading statement for the full year ending 29
December 2007. The 2007 results are expected to be announced on Wednesday, 5
March 2008.

Glanbia had a strong performance in 2007 with adjusted earnings per share
expected to be at the upper end of market expectations. This very satisfactory
performance is driven by strong results from Food Ingredients and global
Nutritionals which included the full year impact of the Seltzer acquisition.
Favourable market conditions including increased global demand for dairy
products and strong organic growth in all segments of this division underpin the
2007 results and an expected good performance in 2008.

Consumer Foods had a challenging year and will be behind 2006 performance. The
liquid milk and chilled food sectors remain competitive and in 2007 were
impacted by the time lag in recovering the significant price increases for raw
material inputs. Implemented and planned initiatives to recover the cost
increases provide a solid base for improvement in 2008. The pigmeat business
performed broadly in line with expectations, despite a serious fire at one of
its operations in August and tough markets worldwide.

Agribusiness had a satisfactory performance in a competitive trading environment
and continues to reshape the business to meet the needs of a changing market.
Property had a quieter year due to the timing of disposals.

Whilst the performance of international joint ventures will be below 2006,
primarily as a consequence of the time lag in recovering major price increases
for raw materials, considerable progress was made in closing the price gap
during the second half of the year and a significant improvement in performance
from these businesses, is anticipated during 2008.

John Moloney, Group Managing Director, commented 'We are pleased with the strong
performance in 2007, delivered as a consequence of the spread of businesses
across the Group and a positive market environment. Whilst global dairy markets
continue to evolve as we enter 2008, the outlook for Glanbia this year is
positive. As a Group we are continuing to invest and focus on growth and
innovation, combined with competitiveness and productivity, and Glanbia is well
placed for sustained double digit 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
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