Acquisition

Kerry Group PLC
23 March 2004


                                  News Release


23 March 2004       For immediate release


                Kerry Group announces further acquisitions in the
                     U.S. branded beverage foodservice sector


Kerry, the global ingredients, flavours and consumer foods group, today
announced the acquisition of Oregon Chai, Inc. based in Portland, Oregon, USA
and Extreme Foods, based in Las Vegas, Nevada, USA.  The businesses, which hold
leading positions in fast growing niches of the branded beverage foodservice
sector in the USA, are being acquired for a total consideration of US$96m.


Oregon Chai is the leading U.S. branded supplier of natural Chai Tea Lattes and
Chai Tea Latte mixes, concentrates and ready-to-drink products.  Serving
specialist foodservice beverage chains, grocery, club and natural food store
channels throughout the U.S. and Canada, Oregon Chai is the recognised brand
leader in both natural and organic segments of the speciality Chai tea market.


Extreme Foods is a leader in developing and marketing branded ready-to-use ice
blended flavoured beverages for the U.S. foodservice industry.  Serving
independent coffeehouses, national coffeehouse chains and department store
in-house cafes, Extreme Foods produces unique ice-blended fruit smoothies and
coffee frappes marketed under the JetTea and JetCafe brand names respectively.
Available in nine different flavours, JetTea Smoothies are market leading
premium quality, pre-packaged, shelf stable, fat-free, fruit based smoothies.
JetCafe is the world's only super-premium all natural ice-blended coffee frappe.


Mr. Hugh Friel, Kerry Group Chief Executive, said: 'The acquisition of Oregon
Chai and Extreme Foods complement the Group's acquisitions of Stearns and Lehman
and Da Vinci Gourmet in fast growing segments of the U.S. branded beverage
foodservice and natural foods sectors.  With increasing demand for
health-conscious, natural, lifestyle beverages, the addition of market leading
brands is a further significant step in building Kerry's portfolio in the
dynamic U.S. foodservice and all natural beverage sectors'.


                                    - ends -


For further information please contact:

Frank Hayes

Director of Corporate Affairs                         Tel no [phone]
                                                      Fax no [phone]

Kerry Web Site:                                       www.kerrygroup.com


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