AGM Statement

Premier Foods plc 11 May 2006 Premier Foods plc AGM statement Premier Foods will hold its Annual General Meeting today at 12pm, at Haberdashers' Hall, 18 West Smithfield, London EC1A 9HQ. David Kappler, Chairman of Premier Foods, will make the following statement to shareholders: 'Premier Foods is pleased to announce that current trading for the Group has continued in line with our expectations and we remain confident in the outlook for the full year. 'We are seeing positive sales development across our portfolio despite the challenging trading environment. Our Quorn brand, acquired in June of last year, has maintained its strong growth, and we are also pleased by the strong performance of our new Branston Beans which have continued to grow market share. 'We continue to see cost pressures across a wide range of input costs as energy-related inflation feeds through the supply chain. We plan to mitigate these cost pressures through our ongoing cost reduction programmes and pricing improvements. 'Trading at our Fresh Produce division has improved during 2006 as we have gained contracts on a leaner cost base. 'As we stated on 2 May, we continue to regard acquisitions as an important part of our strategy. We remain at a preliminary stage in evaluating a number of opportunities which could meet our acquisition criteria. There can be no assurance that any of these will lead to a transaction.' Enquiries: Premier Foods plc Tel: 01727 815 850 Paul Thomas, Finance Director Gwyn Tyley, Investor Relations Manager Citigate Dewe Rogerson Tel: 020 7638 9571 Michael Berkeley Sara Batchelor Anthony Kennaway This information is provided by RNS The company news service from the London Stock Exchange
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