Investment in Argentina Sold

Tate & Lyle PLC
27 March 2000


                    Tate & Lyle Sells Investment In Argentina

Tate & Lyle PLC subsidiary, A.E. Staley Manufacturing Company ('Staley'), has
sold its 61.2% shareholding in Argentina-based Industrias de Maiz SA ('IMASA')
for US$80.5 million (£51 million) to the Boher family.  Tate & Lyle accepted
this offer in preference to purchasing under the shareholder agreement the
balance of the shares held by the Boher family (our partner in IMASA) at the
price per share offered.

The proceeds will be used to reduce Tate & Lyle Group debt.

Larry Pillard, Tate & Lyle Chief Executive said:

'By accepting this offer, we have achieved a good return on our initial
investment and the best value for our shareholders.  The Group will retain a
presence in South America, and Staley will continue to develop its export
markets for speciality products in the region.'

Enquiries    Anthony Williams 020-7626 6525
             Chris Fox 020-7626 6525 (Press)