Acquisition

Kerry Group PLC
13 March 2008


Press Announcement

13 March, 2008

Kerry Agrees to acquire Breeo Foods

Kerry, the global ingredients & flavours and consumer foods group, today
announced its agreement, subject to regulatory approval, to acquire Breeo Foods,
a subsidiary of Irish based Reox Holdings plc.

The proposed acquisition includes an attractive portfolio of leading added-value
dairy and meat product brands which are household names in Ireland. Breeo Foods'
brands, including Dairygold, Galtee, Shaws, Roscrea, Mitchelstown, Calvita and
Sno, are marketed through all retail channels in Ireland including multiple
retail, symbol group and food-to-go outlets.   Complementing Kerry Foods'
chilled foods branded offering on the Irish market and Kerry's distribution
network, the proposed acquisition also includes Breeo Foods' chilled foods
distribution service.

The total consideration payable on completion of the proposed transaction is
€165m. On a proforma basis per the last reported accounts, the business being
acquired had revenue of €188.5m, gross assets before liabilities of €58.5m and
after adjusting for exceptional items, interest and depreciation, the EBITDA of
the business being acquired was €15.1m. The impact of the acquisition on the
Group is subject to the timing of the completion of the transaction and is not
expected to have a material impact on Group earnings per share in the current
year.

    For further information please contact:
    Frank Hayes, Director of Corporate Affairs, Kerry Group plc.
    Tel no [phone]
    Fax no [phone]
    Kerry Web Site: www.kerrygroup.com


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