AGM Statement

Glanbia PLC
18 May 2004



               TRADING EXPECTED TO BE  IN LINE WITH EXPECTATIONS.

                                GLANBIA  PLC AGM



Addressing shareholders at the AGM of Glanbia plc today, Group Managing
Director, John Moloney, said the Group expects trading to be in line with market
expectations for the full year.



Chairman, Tom Corcoran said significant progress has been made with a major
strategic re-organisation now complete. He said the Board expects to make
further progress in the current year.



'I am confident that developments commenced in 2003, together with planned
initiatives in 2004, will deliver satisfactory earnings growth in 2005 and
beyond', said Mr Corcoran.


ENDS

18 May 2004

Enquiries to:               Geraldine Kearney, Group Director of
                            Corporate Communications
                            Tel: 00 353 (0) 56  777 2357
                            Mobile: 00 353 (0) 87 231 9430






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