Acquisition Update

Premier Foods plc
16 March 2007



               Premier Foods plc ('Premier') and RHM plc ('RHM')

                             Acquisition by Premier
                                Scheme Effective



Premier and RHM are pleased to announce that, further to the announcement of RHM
on 14 March 2007, the Court Orders sanctioning the Scheme of Arrangement (the 
'Scheme') and confirming the Capital Reduction have been delivered to the
Registrar of Companies and, in respect of the Capital Reduction, registered.
Accordingly, the Scheme has now become effective and the entire issued share
capital of RHM is now owned by Premier.


Admission to trading of RHM Shares on the London Stock Exchange and on the
official list maintained by the UK Listing Authority (the 'Official List') was
cancelled at 8.00 a.m. (London time) today.  The New Premier Shares were
admitted to trading on the London Stock Exchange and to the Official List at
8.00 a.m. (London time) today.


On the basis of the timetable set out in the Scheme document dated 22 December
2006 and in consideration for the cancellation of their shareholdings,
shareholders on RHM's share register at 6.00 p.m. (London time) on 15 March 2007
will receive 83.2 pence in cash and one New Premier Share for each RHM Share
held in accordance with valid elections made by them. Cash consideration due to
holders of RHM Shares held in uncertificated form will be paid via CREST, and
any cheques in respect of any cash consideration due to holders of RHM Shares
held in certificated form will be despatched by no later than 30 March 2007.
Certificates for New Premier Shares will be credited to CREST accounts on 16
March 2007 and certificates despatched no later than 30 March 2007.



Terms used in this announcement have the same meanings as set out in the Scheme
document dated 22 December 2006.



Enquiries:

Premier                                                 Tel:      [phone]
Robert Schofield, Chief Executive
Paul, Thomas, Finance Director
Robert Lawson, Director of Mergers and Acquisitions 
and Investor Relations
Gwyn Tyley, Investor Relations Manager


Rothschild (financial adviser to Premier)               Tel:  [phone]
Akeel Sachak
Alexis Masters
Robert Plowman


Credit Suisse (joint financial adviser 
and corporate broker to RHM)                            Tel:  [phone]
George Maddison
Ian Brown
Richard Crawley (Corporate Broker)


Citigroup (joint financial advisor to RHM)              Tel:  [phone]
Ian Carnegie-Brown
Iain Robertson
Irfan Shariff


Citigate Dewe Rogerson (PR adviser to Premier)          Tel:  [phone]
Michael Berkeley
Justin Griffiths
Nicola Smith


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




N M Rothschild & Sons Limited, which is authorised and regulated by the
Financial Services Authority in the United Kingdom, is acting as financial
adviser and sponsor to Premier and no one else in relation to the matters
described in this announcement and will not be responsible to any person other
than Premier for providing the protections afforded to clients of N M Rothschild
& Sons Limited, nor for providing advice in relation to the matters described in
this announcement.


Credit Suisse, which is authorised and regulated by the Financial Services
Authority, is acting for RHM and no-one else in connection with the Offer and
will not be responsible to anyone else other than RHM for providing the
protections afforded to clients of Credit Suisse or for providing advice in
relation to the Offer or any other matters referred to in this announcement.


Citigroup, which is authorised and regulated by the Financial Services
Authority, is acting for RHM and no-one else in connection with the Offer and
will not be responsible to anyone else other than RHM for providing the
protections afforded to clients of Citigroup or for providing advice in relation
to the Offer or any other matters referred to in this announcement.





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