BFP Big Food Grp.

RNS Number:3299H
Bear Stearns Intl. Trading Ltd
13 January 2005

                                                                FORM 8.1/8.3



Lodge with a RIS or Newstrack, if appropriate, and the Takeover Panel. Use
separate form for each class of securities in which dealings have been made.

                                             Date of disclosure, 13 January 2005

DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) AND 8.3
OF THE CITY CODE ON TAKEOVERS AND MERGERS


Date of dealing, 12 January 2005



Dealing in, Big Food Group Plc



(1)   Class of securities (eg ordinary shares) Ordinary Shares


(2)   Amount bought        Amount sold       Price per unit
       3000000                                 GBP 0.9415



In addition, Bear Stearns International Trading Limited has undertaken certain
CFD and Swap transactions (See below).



(3)   Resultant total of the same class owned or controlled

        (and percentage of  class) 8,816,525 (2.56%)



(4)   Party making disclosure Bear Stearns International Trading Limited.



(5)   EITHER     (a)  Name of purchaser/vendor (Note 1)  Bear Stearns
                      International Trading Limited ...



        OR      (b)   If dealing for discretionary client(s), name of
                      fund management organisation



(6)   Reason for disclosure (Note 2)

               (a)    associate of  (i)  offeror (Note 3) NO

                                   (ii)  offeree company  NO



        Specify which category or categories of associate (1-8 overleaf)



        If category (8), explain................................................


             (b)   Rule 8.3 (ie disclosure because of ownership or control of 1% or
                   more of the class of relevant securities dealt in) YES



Signed, for and on behalf of the party named in (4) above.....................


(Also print name of signatory) James Step



Telephone and extension number 020 7516 5310

                     ______________________________________







Note 1.   Specify owner, not nominee or vehicle company. If relevant, also
identify controller of owner, eg where an owner normally acts on instructions of
a controller.

Note 2.   Disclosure might be made for more than one reason; if so, state all
reasons.

Note 3.   Specify which offeror if there is more than one.

Note 4.   When an arrangement exists with any offeror, with the offeree company
or with an associate of any offeror or of the offeree company in relation to
relevant securities, details of such arrangement must be disclosed, as required
by Note 6 on Rule 8.

Note 5.   It may be necessary, particularly when disclosing derivative
transactions, to append a sheet to this disclosure form so that all relevant
information can be given.

Note 6.   In the case of an average price bargain, each underlying trade should
be disclosed.

Note 7. The resultant total percentage holding of the class of relevant security
is to be calculated by reference to the percentage held and in issue outside
treasury.

For full details of disclosure requirements, see Rule 8 of the Code. If in
doubt, contact the Panel on Takeovers and Mergers, Monitoring Section, Tel. No:
020 7638 0129. E-mail:monitoring@disclosure.org.uk



Bear Stearns International Trading Limited is the beneficial owner of 8,816,525
Big Food Group Plc ordinary shares. 3,912,141 of these shares are held to hedge
Contract for Differences ("CFD") or Equity Swap positions for clients.

A long CFD is a product where the client to whom the product is sold is taking a
long economic interest in the underlying share price such that the client can
realize a gain if the price of the underlying securities rises above the
reference price.

An Equity Swap is a product where an agreement between two counterparties sees
one party receive the return on an asset from the other party and makes a
payment to the other party based on a fixed or floating rate of interest. The
return can be either the price return or the total return (I.E. Including
dividends).

The control of voting rights in relation to the underlying shares used to hedge
the stock are wholly owned by Bear Stearns International Trading Limited.

The CFD contracts are open-ended and there is no rollover into new contracts.


Open Contracts For Difference/Equity Swaps


Product Name      Type       Date Executed  Maturity Date  BSIT Buy/Sell  Underlying Number of Reference Price   CCY
                                                                                 Shares
  Big Food         CFD        29/10/2004       1/6/2005         Sell             -4500              0.94         GBP
  Group Plc
  Big Food         CFD        22/11/2004       1/6/2005         Sell             -16842             0.94         GBP
  Group Plc
  Big Food         CFD        23/11/2004       1/6/2005         Sell              -997              0.94         GBP
  Group Plc
  Big Food         CFD         2/12/2004       1/6/2005         Buy              13470              0.94         GBP
  Group Plc
  Big Food         CFD        15/12/2004       1/6/2005         Buy               4500             0.9375        GBP
  Group Plc
  Big Food         CFD        15/12/2004       1/6/2005         Buy               6900             0.9375        GBP
  Group Plc
  Big Food         CFD         4/1/2005        1/6/2005         Buy              47400              0.94         GBP
  Group Plc
  Big Food         CFD         4/1/2005        1/6/2005         Buy              63300              0.94         GBP
  Group Plc
  Big Food         CFD         5/1/2005        1/6/2005         Sell             -1530            0.933962       GBP
  Group Plc
  Big Food         CFD         10/1/2005       1/6/2005         Buy              566670            0.9425        GBP
  Group Plc
  Big Food         CFD         10/1/2005       1/6/2005         Buy              766670            0.9425        GBP
  Group Plc
  Big Food         CFD         11/1/2005       1/6/2005         Buy              481800            0.94167       GBP
  Group Plc
  Big Food         CFD         11/1/2005       1/6/2005         Buy              651900            0.94167       GBP
  Group Plc
  Big Food         CFD         12/1/2005       1/6/2005         Buy             1333400            0.9415        GBP
  Group Plc
                                                                                3912141




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

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