Bakkavör Group has economic interest in 10.9% shareholding in Greencore Group PLC under CFD

The Board of Bakkavör Group confirms that it has an economic interest under a
CFD (Contract for Difference) in 22,028,795 ordinary shares in Greencore Group
PLC (‘Greencore Group'), representing 10.9% of the issued share capital of
Greencore Group. Bakkavör Group has informed the Board of Greencore Group of
its position. 

Commenting Ágúst Gudmundsson, CEO of Bakkavör Group said:

“The Bakkavör Board views this as a strategic holding that meets the Group's
business philosophy and clearly reflects our commitment to the fresh prepared
foods sector.” 

“Greencore Group is a well managed organisation that has developed a strong
presence in its key product categories. We believe that the business is
well-placed to build on its market position and deliver long-term value for its
shareholders.” 

Bakkavör Group is bound by the Regulations of NASDAQ OMX Nordic Exchange in
Iceland and the Irish Stock Exchange, where Greencore Group has its primary
Listing. 


Further Information:

Group Investor Relations 
Ásdís Pétursdóttir, Bakkavör Group hf
Tel: +354 858 9715


UK & International Financial Press Enquiries
Fiona Tooley, Citigate Dewe Rogerson
Tel: +44 (0) 121 455 8370 or +44 (0) 7785 703523



 

Editors Notes:

About Bakkavör Group
www.bakkavor.com

Bakkavör Group is a leading international food manufacturing company
specialising in fresh prepared foods and produce. The Group operates 63
factories and employs around 20,000 people in 10 countries. The Group's Head
Office is in Reykjavík, Iceland, and the business is listed on the OMX Nordic
Exchange in Iceland. (Ticker: BAKK). 

The Group's vision is to be recognised and respected as the world's leading
fresh prepared foods and produce provider. Bakkavör Group has attained leading
market positions in its key market areas. In total, the Group makes over 6,000
products in 18 product categories, which are developed and sold predominantly
under its customers' own brands. In addition to the UK and Iceland, the Group
also has business operations in France, Belgium,Italy, Spain, South Africa,
China, the Czech Republic and the United States. 


About Greencore Group PLC 
www.greencoregroup.com

Greencore Group is a major European manufacturer and supplier of food
ingredients and prepared foods to the consumer, industrial and food service
markets. It supplies the majority of UK retailers and many in Continental
Europe in addition to manufacturing and food service customers. The Group
employs around 9,000 people across its operations in Ireland, the Great
Britain, the Netherlands and Belgium. 

Greencore Group is an Irish registered company, listed on the Irish and the
London Stock Exchanges (IRE Ticker: GCG, LSE Ticker: GNC). Revenue for the year
ended 28 September 2007 amounted to €1.3 billion and profit before tax
(pre-exceptionals) totalled €75.1 million.


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