AGM Statement

Bunzl PLC
14 May 2003


                                                                     14 May 2003



                         BUNZL ANNUAL GENERAL MEETING


In a statement at today's AGM, Anthony Habgood, Chairman of Bunzl plc, said
that, in what continues to be a tough economic environment internationally,
current trading remains resilient. He indicated that robust volume growth was
continuing in Bunzl's major businesses and that, while the general state of the
global economy made the future trends of pricing uncertain, prices of many
petrochemical based products, particularly in the US, had risen in March and
April from very low levels at the start of the year. He went on to say that the
volatility and weakness of the dollar compared to the first half of 2002 was
influencing the sterling translation of trading results.


He reiterated the statement made at the time of the announcement of the 2002
results that the combination of good volume growth, Bunzl's strong position in
the markets in which it operates and the continuing pipeline of potential
acquisitions within its area of focus gives the Board confidence that the
underlying prospects of the Group are good and that, at constant exchange rates,
the business will continue to develop satisfactorily.



Enquiries

Bunzl plc:                                        Finsbury:
Anthony Habgood, Chairman                         Roland Rudd
David Williams, Finance Director                  Morgan Bone
Tel: [phone]                                Tel: [phone]








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