RNS Number:2371Z
Bakery Services PLC
29 July 2002

Bakery Services plc ('the Company')


Further to the announcement dated 18 March 2002 concerning the Company's Inbake
business, the Directors advise that results for the year-ended 31 March 2002
should be available to shareholders by the middle of September 2002. As
previously announced, these are expected to show substantial losses attributable
in the main to discontinued operations, cost associated with the demerger of the
Company's Polish subsidiary, goodwill write down, and the write down in the
value of certain fixed assets previously earmarked for use in the specific
expansion opportunity referred to in the previous announcement. The quantum of
loss to be reported by the Company cannot be determined at this time principally
due to uncertainties in the presentational treatment of the demerger of the
Company's Polish business.


Trading in the first quarter of the current financial year to 31 March 2003 has
been satisfactory and in line with expectations. The present phase of
reorganisation and cost cutting has now been completed. The Directors believe
that a further downsizing in the Company's businesses is appropriate to restore
adequate levels of profitability and this is to be implemented shortly. Once
completed the Company intends to focus on development of its Don Miller
franchise business.


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END

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