Extension of Offer Period

Kerry Group PLC
21 September 2001

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES,
CANADA, AUSTRALIA OR JAPAN


                          KERRY GROUP PLC ('KERRY')

       RECOMMENDED OFFER ('OFFER') FOR GOLDEN VALE PLC ('GOLDEN VALE').

                          EXTENSION OF OFFER PERIOD




Kerry announces that in accordance with Rule 37.1(a) of the Irish Takeover
Rules, the Irish Takeover Panel has consented to a further extension of the
Offer Period until 28 September, 2001 to enable the final condition of the
Offer to be satisfied. This condition relates to the receipt of satisfactory
mergers clearance by the Minister for Enterprise, Trade and Employment of
Ireland. The Office of Fair Trading in the UK has indicated that it does not
intend to refer the Offer to the Competition Commission.


Enquiries:


Frank Hayes

(Group Corporate Affairs)

Kerry Group plc

+ 353 66 718 2000


Ivan Murphy

Davy Corporate Finance Limited

+ 353 1 679 6363




The directors of Kerry Group take responsibility for the contents of this
announcement. To the best of the knowledge and belief of the directors all of
the information contained in this document is in accordance with the facts and
does not omit anything likely to affect the import of such information.


Davy Corporate Finance Limited, which is regulated in Ireland by the Central
Bank of Ireland, is acting exclusively for Kerry Group and no-one else in
connection with the Offer and will not be responsible to anyone other than
Kerry Group for providing the protection afforded to its customers nor for
providing advice in relation to the Offer.


The Offer is not being made, directly or indirectly, in or into, or by the use
of the mails of, or by any means or instrumentality (including, without
limitation, telephonically or electronically) of interstate or foreign
commerce of, or any facilities of a national securities exchange of, the
United States, or in or into Canada, Australia or Japan and the Offer should
not be accepted by any such use, means, instrumentality or facility or from
within the United States, Canada, Australia or Japan.