Acquisition Update

Premier Foods plc
15 February 2007




NOT FOR DISTRIBUTION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO
WOULD CONSTITUTE A VIOLATION OF LOCAL SECURITIES LAW.


                      PREMIER FOODS ACQUISITION OF RHM PLC


Premier Foods is delighted to confirm that, following overwhelming shareholder
approval at the companies' respective shareholder meetings earlier today, and
following recent clearances granted by the Office of Fair Trading in the UK and
the Irish Competition Authority, all shareholder and regulatory conditions are
now satisfied. It is expected that, subject to sanction by the Court of the
Scheme, completion of the acquisition will take place on 16 March 2007.


David Kappler, Chairman of Premier Foods, said: 'We are delighted by the
resounding approval given to this acquisition by Premier and RHM shareholders.
We look forward to welcoming RHM's shareholders into the combined entity and to
delivering significant value for both sets of shareholders.'


For further information, please contact:



Premier                                                          Tel:   [phone]
David Kappler, Chairman
Robert Schofield, Chief Executive
Gwyn Tyley, Investor Relations Manager


RHM                                                               Tel:   [phone]
Jan du Plessis, Chairman
Ian McMahon, Chief Executive Officer
John McIvor, Director of Investor Relations and Industry Strategy


Citigate Dewe Rogerson (PR Advisers to Premier Foods)             Tel: [phone]
Michael Berkeley
Justin Griffiths


Financial Dynamics ( PR Advisers to RHM)                          Tel: [phone]
Andrew Lorenz
Richard Mountain




                      This information is provided by RNS
            The company news service from the London Stock Exchange