AGM Statement

Greencore Group PLC
7 February 2002

GREENCORE GROUP PLC



CONTACT: MR. B.J. POWER                                 TELEPHONE [phone]


    FAX [phone]



                        ANNUAL  GENERAL  MEETING
                    CHAIRMAN'S SUPPLEMENTARY STATEMENT


The year under review was an important one in the development of Greencore.
The acquisition of Hazlewood Foods in January 2001 represented a further
significant step in the realisation of our corporate strategy.   Much progress
has been made in reshaping and focusing the Group in the year.  Eleven
businesses were sold and two loss making operations closed generating some €100m
of proceeds to pay down debt.   Substantial progress has been made towards
achieving the €11m per annum synergies which we targeted pre acquisition and
also streamlining the management structure.



Much work, however, remains to be done and, in the first half of the current
trading year, we are progressing three substantial projects.    Firstly, in our
ambient sauces and pickles operations we are consolidating two smaller
facilities in North Wales and Manchester into the main factory in Yorkshire
which has been refurbished following its flooding fifteen months ago.  In pizza,
our major new factory in North Wales has been built on time and on budget  and
is now conducting production trials.  As it comes on stream, production will be
transferred from our existing facilities which will be closed.  Lastly, the Hull
cake bakery commissioned last year to consolidate production previously carried
out in four separate bakeries has still to reach its potential.   We are
carrying out a rationalisation of the new bakery's cost base.    When completed,
this will improve efficiency in this competitive sector.    While the
implementation of these projects will have an adverse impact on current trading,
their successful completion will be  another important step for future growth
and profitability.





In Food and Ingredients, the outlook for the current year has been affected by
the delayed start to the sugar beet campaign in Carlow and the effects of the
beet price dispute and the related disruption to sugar processing.   This
dispute has now been resolved and the five year agreement entered into with the
Irish Farmers Association provides the basis for stability in the future.  In
malt, the outlook is positive with the order book virtually full for the current
year.    In flour, the uplift in production in recent weeks  will enhance
Odlums' ability to better service its customers as well as provide an enhanced
return to shareholders.   IAWS plc has recently become our shareholder partner
in all of our flour and oat milling activities.  In Ambient Grocery, the U.K.
bread market continues to be difficult although a bread price increase has been
achieved to offset recent flour price increases. Our Chilled and Frozen foods
operations are performing well with sandwiches and sauces in particular showing
excellent growth.



We are now half way through the two-year transformation period envisaged at the
time of the acquisition of Hazlewood.   Much has been achieved to-date and we
are on course to emerge at the end of this period as a stronger and more
focused European foods group, with much enhanced growth potential.







A. D. Barry
Chairman





GREENCORE GROUP PLC,
ST. STEPHEN'S GREEN HOUSE,
EARLFORT TERRACE,
DUBLIN 2.

7th February, 2002.







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