Trading Statement

Greggs PLC
03 November 2006


                                                                 3 November 2006


                                   GREGGS plc

                             AUTUMN TRADING UPDATE


 Greggs is the UK's leading retailer specialising in sandwiches, savouries and
 other bakery products, with a particular focus on takeaway food and catering.
It has over 1,300 retail outlets throughout the UK, trading under the Greggs and
                              Bakers Oven brands.


Group Managing Director Sir Michael Darrington reports: "Group like-for-like
sales in the second half to date (19 weeks to 28 October 2006) have increased by
0.2%.  This represents a modest improvement on the flat performance reported for
the first six weeks of the period in our interim results announcement.  A slowly
improving sales trend has been constrained by particularly disappointing trading
in the four weeks to 7 October, as a result of the unseasonably mild and wet
weather.

"Consumer reaction to the launch of our initial Greggs' Healthier Options range
of reduced fat and salt products has been encouraging, though these still
represent a relatively small part of our total offer.  The next phase of this
important product development programme will be rolled out early in the New
Year.  Much effort is being applied to a number of other innovatory trials,
which will also be implemented in 2007.

"As at 28 October we had a total of 1,334 shops under our two brands, a net
increase of 15 since the end of 2005.  The rationalisation of Bakers Oven in the
North and Scotland, announced in August, is proceeding according to plan.  As a
result, several divisions are focusing on re-branding and driving transferred
shops and this has meant the deferral of a few planned openings, so that we now
expect to achieve a net addition of 15 - 20 shops over the year as a whole.

"Our results for the year as a whole will depend on performance in the remaining
nine weeks of the second half, and particularly over the Christmas period.
However, having regard to the progressively easier sales comparatives over the
remainder of the year, we continue to believe that performance in the second
half will be closer to that of the comparable period last year than was the case
in the first half.

"We have made no further purchases of shares for cancellation since the
announcement of our interim results on 4 August.  As we stated then, our pre-tax
profits for the year will reflect lower interest receipts as a result of total
expenditure by the Company on share buybacks in the year to date of £38.7
million, and further expenditure of £16.4 million by the Greggs Employee Benefit
Trust.  There will also be exceptional closure costs of some £2.5 million
associated with the Bakers Oven restructuring.  Earnings per share will benefit
from the share buyback programme."


ENQUIRIES:
Greggs plc                                     Hudson Sandler
Sir Michael Darrington, Managing Director      Jessica Rouleau / Michael Sandler
Richard Hutton, Finance Director               Tel: [phone]
Tel: [phone]                             Keithhann.communications
                                               Keith Hann
                                               Tel: [phone]



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