AGM Statement

Greggs PLC
10 May 2002



10 May 2002


                                   GREGGS plc
                          CHAIRMAN'S A.G.M. STATEMENT

Greggs plc is the UK's leading retailer specialising in sandwiches, savouries
and other bakery products, with a particular focus on takeaway food and
catering.  It has over 1,150 retail outlets throughout the UK, trading
principally under the Greggs and Bakers Oven brands.

At the Annual General Meeting held in Newcastle upon Tyne today, the Chairman
Ian Gregg said:

"Like-for-like sales grew by 9.6 per cent in the first quarter and by 8.3 per
cent over the subsequent six weeks. Our budgeted growth rates moderate as the
current year progresses, taking into account the particularly strong growth in
the latter part of last year.

Our retail expansion programme is on target, with 17 net openings in the current
year giving us a total of 1,161 shops across the UK.  The conversion of our
Birketts division to the Greggs fascia, planned for June, will complete the
process of focusing on two core brands throughout the country.

Results to date are in line with our budgets, and ahead of the comparable period
last year, maintaining the position we reported in our preliminary announcement
on 8 March.  This is despite the expected cost pressures in areas such as flour
and insurance.  I therefore continue to expect that the group will achieve
satisfactory progress during the current year."

ENQUIRIES:

Greggs plc

Mike Darrington, Managing Director

Malcolm Simpson, Financial Director

Tel: [phone]


Hudson Sandler

Keith Hann / Wendy Baker

Tel: [phone]


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