AGM Statement

Kerry Group PLC
19 May 2006


                              Press Announcement

         Updating Statement : Annual General Meeting : Kerry Group plc

19 May, 2006


Kerry, the global ingredients, flavours and consumer foods group, held its
Annual General Meeting in Tralee, today.

In reviewing the Group's twentieth year as a public company, Hugh Friel, Chief
Executive, said that in 2005 Kerry continued to perform well, delivering good
revenue and profit growth in a challenging year for the global food industry.
'Sales revenue increased by 7% to €4.43 billion, reflecting like-for-like growth
of 4%.  Despite significant input cost inflation and a surge in energy costs,
trading profit in 2005 increased to €380m, which contributed profit after
taxation of €236m and a 7.1% increase in adjusted earnings per share to 131.6
cent,' he added.

Turning to 2006, Mr Friel said; 'Group businesses are performing ahead of last
year but energy cost inflation, the weakening dollar and the volatility of raw
material prices may impact on the attainment of Group earnings targets for the
full year. Against this challenging background we continue to make good
operational progress in optimising processing and business support structures
and through elimination of non-core activities'.  He added that the Group's
strong nutritional focus, leveraging Kerry's ingredients, bio-science, flavours
and food technology platforms through its broad customer base, augured well for
the long-term profitable growth of Group businesses.   He also confirmed that
the Group continues to explore bolt-on acquisition opportunities, having
recently announced the acquisition of two North American food ingredients
businesses - Custom Industries and Nuvex Ingredients.  Custom Industries,
operating from two modern manufacturing facilities located in St. Genevieve,
Missouri and Toronto, Canada, is a leading manufacturer of particulates for
bakery and ready-to-eat cereal applications and confectionery ingredients for
sweet goods.   Nuvex Ingredients operates from a state-of-the-art, organically
certified, production facility located in Blue Earth, Minnesota, specialising in
customised high-protein and fibre nutritional lines for leading manufacturers of
breakfast cereals, functional foods and nutritional snacks.


                                 ends


For further information please contact :   Telephone: + 353 66 718 2304
Frank Hayes,                               Fax: + 353 66 718 2972
Director of Corporate Affairs,             Email: [e-mail]
Kerry Group plc.                           Website: www.kerrygroup.com


                      This information is provided by RNS
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