Holding(s) in Company

Premier Foods plc
20 October 2004


Premier Foods plc ('the Company')

Disclosure of Interest in Share Capital

On 19 October 2004 the Company received notification by Fidelity Investments
International of Windmill Court, Millfield Lane, Lower Kingswood, Tadworth,
Surrey KT20 6RG that, as at, 18 October 2004 Fidelity International Limited of
PO Box HM670, Hamilton HMCX, Bermuda and its direct and indirect subsidiaries
and FMR Corp of 82 Devonshire Street, Boston, MA 02109 and its direct and
indirect subsidiaries, being non- beneficial holders, had a notifiable interest
of 20,669,168 ordinary shares in the Company representing 8.44% of the issued
share capital.

The shares were held as follows:

Nominee/Registered Name                Management company          Shares held
-------------------------              --------------------        -------------
Bank of New York Brussels Total        Fidelity International          198,400
                                       Ltd

Bank of New York London Total          Fidelity International        4,046,700
                                       Ltd

Chase Manhattan Bank London Total      Fidelity International        1,512,658
                                       Ltd

Deutsche Total                         Fidelity International           50,500
                                       Ltd

JP Morgan Total                        Fidelity International        1,587,204
                                       Ltd

Mellon Bank Total                      Fidelity International          100,600
                                       Ltd

Northern Trust Total                   Fidelity International          616,000
                                       Ltd

Northern Trust London Total            Fidelity International          123,200
                                       Ltd

State Street Bank & Trust Total        Fidelity International          610,200
                                       Ltd

State Street Nominees Ltd Total        Fidelity International          429,900
                                       Ltd

Chase Manhattan Bank London Total      Fidelity Investment           8,726,632
                                       Services Ltd

Chase Nominees Ltd Total               Fidelity Investment           1,536,547
                                       Services Ltd

J P Morgan Total                       Fidelity Investment              44,537
                                       Services Ltd

BBH Total                              Fidelity Pension                  2,190
                                       Management

Chase Nominees Ltd Total               Fidelity Pension                310,000
                                       Management

HSBC Client Holdings Nominee (UK)      Fidelity Pension                440,300
Limited Total                          Management

Mellon Nominees Ltd Total              Fidelity Pension                272,800
                                       Management

Mellon Bank Total                      Fidelity Management Trust        22,100
                                       Company

State Street Bank & Trust Total        Fidelity Management Trust        16,400
                                       Company

State Street Nominees Ltd              Fidelity Management Trust        22,300
                                       Company

The notifiable interests also include the notifiable interest of Mr Edward C
Johnson 3d of 82 Devonshire St, Boston, MA 02109 who is a principal shareholder
of Fidelity International Ltd and FMR Corp.

These notifications of disclosable interests constitute separate notifications
of interest in the shares. Nothing herein should be taken to indicate that FMR
Corp. and its direct and indirect subsidiaries, Fidelity International Ltd and
its direct and indirect subsidiaries or Mr Edward C Johnson 3d act as a group or
in concert in respect of the disclosed interests, or that they are required to
submit these notifications on a joint basis.

The notifiable interests also include interest held on behalf of authorised unit
trust schemes in the UK.


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