Premier Foods plc Directorate Change (2999R)

TIDMPFD TIDMIRSH

RNS Number : 2999R

Premier Foods plc

27 February 2019

Premier Foods plc (the "Company")

Review of strategic options for increasing shareholder value and Board changes

Following discussions with its largest shareholders, the Board of Premier Foods has decided to conduct a review of its strategic options for increasing shareholder value.

In connection with these discussions, the following Board changes are announced:

Daniel Wosner of Oasis Management Company Ltd and Orkun Kilic of Paulson & Co Inc. will join the Board as Non-Executive Directors.

Simon Bentley will join the Board as a Non-Executive Director. As part of a variety of existing positions, he is Executive Chairman of Cash on the Move, a UK mobile cash operator. Among other previous appointments, he was Deputy Chairman of lawyers Mishcon de Reya, Chairman and Chief Executive of Blacks Leisure Group plc and Senior Independent Director of Sports Direct International plc.

To facilitate these changes Non-Executive Directors Ian Krieger and Jennifer Laing will be retiring from the Board.

These changes will take place with immediate effect.

The Board intends to remedy some areas of non-compliance with the UK Corporate Governance Code arising from these changes as soon as is practicable.

Keith Hamill, Chairman of Premier Foods plc said:

"I would like to thank Ian Krieger and Jennifer Laing for their significant contribution to the Board over the last 6 years."

Pursuant to LR 9.6.13, Simon Bentley was Executive Director of Maypole Group plc which entered administration in 2010 and was subsequently dissolved on 30 July 2012; no further information is required to be disclosed with respect to LR 9.6.13.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Ends

For further information, please contact:

Investors and analysts:

Alastair Murray, Acting Chief Executive Officer & Chief Financial Officer +44 (0) 1727 815 850

Richard Godden, Director of Investor Relations & Treasury +44 (0) 1727 815 850

Media:

Maitland

Clinton Manning +44 (0) 20 7379 5151

Joanna Davidson +44 (0) 20 7379 5151

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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