Re Joint Venture

Wynnstay Group PLC
29 September 2005


                               Wynnstay Group Plc

      Establishment of Joint Feed Distribution Company and Trading Update

Wynnstay Group Plc ('Wynnstay'), the agricultural supply and rural retail
business is pleased to announce that it has entered into a joint venture with
two other animal feed producers to establish a joint distribution and sales
company for the efficient supply of animal feeds in Wales and the borders.

This new company, which will trade as Bibby Agriculture Ltd, has acquired the
trade previously carried out by W & J Pye Ltd in this area prior to that
business going into administration.

Bibby Agriculture Ltd is owned 50% by Carrs Billington Agriculture Ltd (a joint
venture between Carr's Milling Industries Plc & Edward Billington & Sons Ltd);
25% by Wynnstay; and 25% by Welsh Feed Producers Ltd, a company in which
Wynnstay has a 50% shareholding.

The new company will maximise the sales opportunities in the area while
consolidating production facilities and achieving economies of scale in the key
area of distribution. Each of the parties will provide production facilities
from their respective mills, Stone Mill (Carrs Billington), Llansantffraid Mill
(Wynnstay) and Carmarthen Mill (Welsh Feed Producers). The Shrewsbury factory,
previously operated by W & J Pye Ltd, will cease production at the end of
September.

Whilst the initial equity investment made by Wynnstay is only £15,000, each
party has subscribed a further £580,000 for Redeemable Preference Shares in the
new company to finance the business.

This is an important strategic move for Wynnstay in that it will help to reduce
the oversupply of animal feed that continues to affect the industry, assist in
economic fleet management and enable the company to manage the supply of feed in
a more efficient manner. Wynnstay will handle distribution for the new venture,
operating an increased fleet of vehicles.

The additional feed volumes available to Wynnstay's production and distribution
activities introduced by this initiative will require a reorganisation in these
functions and to recognise the potential costs associated with these changes,
the Company will be taking a provision of £250,000 in the current financial year
ending 31st October 2005.

Bernard Harris, Managing Director of Wynnstay said today 'This is an excellent
outcome for us and for the other parties to the joint company. At Wynnstay we
are pleased to have played a pivotal role in the strategic restructuring of the
UK animal feed supply industry. The new grouping will manufacture and distribute
some 420,000 tonnes of compound and blended feeds annually.'

Current Trading

The Board of Wynnstay is confident that despite recent cost rises in fuel and
electricity, the Company will achieve market expectations for the current
financial year before taking into account the provision for reorganisation
associated with the Bibby Agriculture joint venture.

Press enquiries:

Wynnstay Group plc    Bernard Harris, Managing Director     T: 01691 828512
                      Paul Roberts, Finance Director     

Biddicks              Zoe Biddick                           T: 020 7448 1000

WH Ireland Limited    David Youngman                        T: 0161 832 6644



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