High Yield Debt Redemption

Premier Foods plc
30 July 2004

30 July 2004

Premier Foods plc ('the Company')

Redemption of High Yield Debt


In connection with the Global Offer which closed on 23 July 2004, Premier Foods
plc ('the Company') had stated that its wholly owned subsidiary, Premier Brands
Foods plc ('Premier Brands') intended to redeem all of the outstanding Senior
Notes issued by Premier Brands which mature in 2009 (the 'Senior Notes') on or
as soon as practicable after 1 September 2004, being the first date that
redemption was possible.

Accordingly, the Company announces that Premier Brands has today given notice to
the holders of the Senior Notes that it does intend to redeem on 1 September
2004 all of the outstanding Senior Notes.

The outstanding Senior Notes comprise US$200 million aggregate principal amount
12% Senior Notes due 2009 which will be redeemed at a price of 106% of their
principal value, and £75 million aggregate principal amount 12.25% Senior Notes
due 2009 which will be redeemed at a price of 106.125% of their aforementioned
principal value. Any accrued unpaid interest up to 1 September 2004 on the
Senior Notes will also be paid to holders of the Senior Notes.

As previously stated by the Company in connection with the Global Offer, the
costs of the redemption of the Senior Notes will be met from the new senior bank
facilities entered into by the Company on 20 July 2004.

Enquiries:
Premier Foods plc
Paul Thomas 01727 815897




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