OFT Announcement

Glanbia PLC
07 December 2007


Glanbia plc

7 December 2007


OFT announcement


7 December 2007 - Glanbia plc, the international dairy foods and nutritional
ingredients group, ('Glanbia') notes today's announcement issued by the UK's
Office of Fair Trading ('OFT') regarding its ongoing investigation into Dairy
Retail Price Initiatives. One of the parties named in today's OFT announcement
is The Cheese Company Limited ('TCC'), a UK hard cheese company now in the
ownership of Milk Link Limited, which was owned by Glanbia during the period
under investigation.


Further to the OFT announcement Glanbia confirms that it is party to an
agreement with TCC whereby both parties have agreed to co-operate with the OFT
in its ongoing investigation. As a result of agreeing to co-operate with the OFT
it is currently anticipated that the maximum penalty payable by Glanbia and TCC
combined is £2,016,360. It is expected that the actual fine imposed will be
substantially lower.


- Ends -


For further information please contact:

Glanbia plc [phone]

Geraldine Kearney, Director, Corporate Communications

Hogarth Partnership [phone]

John Olsen





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