Re Agreement

Kerry Group PLC
7 February 2002




Kerry Group to sell Bailieboro Milk Processing Business

Kerry, the global ingredients, flavours and consumer foods Group, today
confirmed that the Group has signed an agreement, subject to due diligence, 
to sell the Bailieboro milk processing business, comprising the former
Bailieboro and Westmeath  Co-operatives, to Lakeland Dairies for a
consideration of EURO33m.

The Bailieboro business was acquired as part of the Group's acquisition of
Golden Vale plc which was concluded in October 2001.  Subsequently Kerry Group
was approached by a number of interested parties with a view to purchasing 
the Bailieboro milk processing operation.

In agreeing to sell this business to Lakeland Dairies, Kerry believes that a
merger of the Bailieboro and Lakeland Dairies businesses provides greater
opportunity for operational efficiencies and for consolidation of the dairy
industry in the North East region of Ireland.


For further information please contact:          Telephone: + 353 66 7182304
Frank Hayes,                                     Fax:       + 353 66 7182972
Director Corporate Affairs,                      email:   [e-mail]
Kerry Group plc.                                 Website: www.kerrygroup.com



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