Trading Statement

Greggs PLC 09 January 2008 9 January 2008 GREGGS plc TRADING UPDATE Greggs is the UK's leading retailer specialising in sandwiches, savouries and other baker-fresh food on the go. It has over 1,350 retail outlets throughout the UK, trading under the Greggs and Bakers Oven brands. Group Managing Director Sir Michael Darrington reports: "The business has continued to achieve satisfactory like-for-like sales growth since our last trading update in October. Like-for-like sales in the second half of our financial year, comprising the 28 weeks to 29 December 2007, increased by 5.8 per cent, giving overall growth in like-for-like sales for the year of 5.3 per cent. The like-for-like sales increase over the Christmas and New Year trading period, comprising the four weeks to 5 January 2008, was broadly in line with this at 5.6 per cent. "During the year we opened 56 new shops and closed 24, making a net addition of 32 and a total of 1,368 units trading at the year end, meeting the increased net opening target we announced in October. "We have continued to return cash to shareholders through our share buyback programme. During the second half we purchased for cancellation a total of 375,300 ordinary shares at an average price of £47.69 and an aggregate cost of £18.0 million. "Despite the continuation of significant cost pressures on a number of our key ingredients, we look forward to reporting on a year of satisfactory progress when we make the preliminary announcement of our 2007 results, which is scheduled for Tuesday, 11 March 2008." ENQUIRIES: Greggs plc Hudson Sandler Sir Michael Darrington, Managing Director Wendy Baker Richard Hutton, Finance Director Tel: 020 7796 4133 Raymond Reynolds, Retail Director Tel: 0191 281 7721 This information is provided by RNS The company news service from the London Stock Exchange

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Greggs (GRG)
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