AGM Statement

Premier Foods plc
26 May 2005


26 May 2005 (for release at 7am)


                               Premier Foods plc


                                 AGM statement

Premier Foods will hold its Annual General Meeting today at 2pm, 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 grocery
business has continued to improve after the slow start to the year we reported
in March, and that the overall trading outlook for the Group remains in line
with our expectations.

We remain confident that the Group's full year results will be in line with our
strategic targets, underpinned by a strong pipeline of new product and category
development which will help to drive branded sales growth in the second half of
the year and beyond. Our cost reduction programme is progressing to plan.

The Bird's Custard and desserts business, which we acquired from Kraft in
February 2005, is trading in line with our assessment at the time of the
acquisition and the integration of production into our Knighton factory is
progressing well. We are enthusiastic about the potential for this business
under our ownership.

Earlier this week, we were pleased to announce that Premier have signed a
five-year agreement with Cadbury Trebor Bassett ('Cadbury') under which Premier
will continue to manufacture instant cocoa-based hot beverages for Cadbury from
May 2006. The anticipated financial impact of moving to the new agreement is in
line our expectations.

MBM continues to trade in difficult conditions. The effect of the supplier
rationalisation by the major retailers, which we referred to in March, will
impact on the sales and profitability of the business over the second half of
the year. Since that time we have acquired additional volume, which will benefit
the latter part of the 2005/06 potato season. This, together with our
restructuring of the company's packing operations to re-align capacity with
demand, should lead to improved performance in 2006.

In relation to the Sudan 1 product recall, our evaluation of the maximum quantum
of the exposure is supported by the claims experience we have seen to date and
our assessment of the insurance position remains unchanged. As a consequence,
the Group continues to believe it has no material financial exposure in relation
to this matter.

Premier is well positioned in the consumer market, with a solid base of branded
products with excellent market shares. Its cost cutting initiatives and tight
operational controls continue to improve margins and benefit cash flows. We are
confident that this focus will enable the group to continue to build on its
strong platform over the medium to long term and will provide the freedom to
invest, when and where the right opportunities occur, to continue building a
strong UK branded business, delivering value to our shareholders.'

Enquiries:

Paul Thomas, Finance Director
Gwyn Tyley, Investor Relations Manager
Premier Foods plc                      Tel: [phone]

Michael Berkeley
Sara Batchelor
Anthony Kennaway
Citigate Dewe Rogerson                 Tel: [phone]




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