Possible offer from Baugur

RNS Number:5904G
Big Food Group PLC
17 December 2004

                                                                17 December 2004

Not for release into the United States of America


                             THE BIG FOOD GOUP PLC

  Update on proposals for the acquisition of The Big Food Group plc ("BFG") by
                 Baugur and its investment partners ("Baugur")

On 30 November 2004, BFG announced that it had received a proposal from Baugur
in relation to a possible offer for BFG at 95 pence per share in cash.

Substantial progress has been made, and the terms of a recommended offer for
BFG, by way of a scheme of arrangement, at 95 pence per share in cash have been
agreed between Baugur and BFG, subject to the outcome of discussions in relation
to financing which remain to be finalised before any offer can be formally
announced.

Papers have been lodged with the court in order to preserve the intended scheme
of arrangement timetable.

A further announcement will be made as soon as possible.

Enquiries:

The Big Food Group
Bill Grimsey - Chief Executive                              020 7796 4133
Bill Hoskins - Finance Director                            (on 20 December only)

gcg hudson sandler
Andrew Hayes                                                020 7796 4133
Noemie de Andia

Citigroup Global Markets Limited
Ian Hart                                                    020 7986 4000
Ted Kuh
Ed Matthews (Corporate Broking)

UBS Limited
Adrian Haxby                                                020 7567 8000
Michael Lacey-Solymar

Citigroup Global Markets Limited ('Citigroup') is acting for The Big Food Group
plc and no one else in relation to the matters described in this announcement
and will not be responsible to anyone other than The Big Food Group plc for
providing the protections afforded to clients of Citigroup nor for providing
advice in relation to the matters described in this announcement.

UBS Limited ('UBS') is acting for The Big Food Group plc and no one else in
relation to the matters described in this announcement and will not be
responsible to anyone other than The Big Food Group plc for providing the
protections afforded to clients of UBS nor for providing advice in relation to
the matters described in this announcement.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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