Associated British Foods/HP Ethnic Foods

Proposal whereby Associated British Foods plc (ABF), through ABF Grain Products Limited (ABF Grain) and A.B.F. Holdings Limited (A.B.F. Holdings) would acquire the entire issued share capital of B.E. International Foods Limited (BEIF) and certain assets and liabilities of the UK Ethnic Food Business (Ethnic Foods) from HP Foods Limited and HP Foods Holdings Limited (HP). BEIF and Ethnic Foods are hereinafter referred to collectively as the Ethnic Food Business.