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Disposals Update

Uniq responds to share price movement and recent press speculation

Uniq, the European convenience foods group, notes the move in its share price this morning and the recent press speculation regarding the status of the proposed disposal of Marie SAS, its chilled and frozen convenience foods business in France.

 

The Board confirms that it has received a number of bids for the French business and that Uniq is at an advanced stage of discussions with a potential purchaser of the business.  A further announcement is expected within the next few days.

 

The Company announced on 11 March 2009, that there was a process to sell or find joint venture partners for all the Company’s businesses on the Continent. There are two separate processes: one for the French business and one for the Northern European businesses. The process for the disposal of the Northern European businesses is at a much earlier stage and is proceeding in line with plan.

 

 

For further information:

 

Julian Walker

Hogarth Partnership Ltd

Telephone No. +44 (0)20 7645 3988

 

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