Completion of the Disposal of Marie SAS

Uniq announces that it has today completed the sale of Marie SAS, Uniq’s French chilled and frozen convenience foods business, to Groupe L.D.C.

Uniq announces that it has today completed the sale of Marie SAS, Uniq’s French chilled and frozen convenience foods business, to Groupe L.D.C. for a total enterprise value of €71.3 million (£60.9 million). This comprises €60 million (£51.3 million) for 100% of the equity of Marie, subject to €6 million (£5.1 million) being held in escrow for 18 months, plus an additional €11.3 million (£9.6 million) repayment of intra-group debt as at completion.

 Uniq's Q3 interim management statement for the period from 1 July 2009 to 30 September 2009 will be announced on 15 October 2009.

Note: £/€ exchange rate of 1.17 as of 25 June 2009 has been used for translating all the values relating to this transaction. 

For further information:

Martin Beer

Uniq plc

Telephone No. +44 (0) 1753 276011

Julian Walker

Hogarth Partnership Ltd

Telephone No. +44 (0) 207 645 3988