Trading Statement

Greggs PLC
8 January 2002


                                                8 January 2002



                                  GREGGS plc
                                TRADING UPDATE

Greggs 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 1,100 retail outlets throughout the UK, trading primarily under
the Greggs and Bakers Oven brands.


The strong like-for-like sales growth reported in our interim statement
continued with increased momentum in the second half.  The weather over the
second half as a whole was particularly favourable for our business and we
benefited from the generally buoyant retail climate, which generated high
levels of customer traffic on the high street.  Christmas trading also proved
considerably stronger than we had budgeted.  As a result, we expect to report
a record like-for-like sales increase of around 9% in the second half,
compared with the 6.9% already reported for the first 24 weeks.  As previously
indicated, the beneficial effect of these sales increases will be partially
mitigated by higher costs, mainly of ingredients.  Nevertheless, we continue
to look forward to reporting very good progress when we announce our
preliminary results, which are scheduled for Friday, 8 March.



ENQUIRIES:

Greggs plc                                     Hudson Sandler

Mike Darrington, Managing Director             Keith Hann / Wendy Baker

Malcolm Simpson, Financial Director            Tel: [phone]

Tel: [phone]