Disposal

Greencore Group PLC
23 May 2002

GREENCORE GROUP PLC





CONTACT: MR. B.J. POWER                     TELEPHONE [phone]
                                            FAX [phone]



              Sale of  Grassland Fertilizer Business by Greencore



Greencore Group plc ('Greencore') announces that it has today sold Grassland
Holdings Limited ('Grassland') to Freshgrass Investments Limited ('Freshgrass').



Grassland imports, blends and manufactures agricultural fertilizers for sale and
distribution to retail outlets (merchants and co-operatives) on the Irish
market.  It has headquarters in Dublin and operates from three sites at Cork,
Limerick and Slane.



Freshgrass is a private company whose shareholders include the management team
of Grassland, Jim O'Mahony, the former chief executive of Golden Vale, and Irish
Mainport Holdings Limited.



The consideration received is as follows:



-       €18,996,044 for the issued share capital of Grassland;

-       €9,171,143 repayment of non-trading non-interest bearing inter company
        balances due by Grassland to Greencore at completion; and

-       assumption of Grassland's total bank indebtedness of €75,000.



The value of the net assets at 28th September, 2001 was €16,222,660.   Grassland
made profit before tax and once-off adjustments of €2,273,000 on a turnover of
€60,630,000 in the year ended 28th September, 2001.



The proceeds will be employed by Greencore to reduce its indebtedness.



Commenting on the disposal, Greencore's Chief Executive, David Dilger said 'The
completion of this sale of Grassland brings total proceeds from our disposal
programme to in excess of our announced target of €190 million.   It represents
a further step towards focusing the Group as a leading European  convenience
food and ingredients producer.'



B.J. POWER

DIRECTOR & SECRETARY



GREENCORE GROUP PLC,

ST. STEPHEN'S GREEN HOUSE,

EARLFORT TERRACE,

DUBLIN 2.
                  23rd May, 2002.







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