Premier Foods : Approval of an all employee Share Incentive Plan

22 September 2014

Premier Foods plc
(" Premier Foods ", the " Company " or the " Group ")

POSTING OF NOTICE OF GENERAL MEETING TO APPROVE AN ALL EMPLOYEE SHARE INCENTIVE PLAN

Premier Foods announces that a notice of general meeting of Premier Foods plc (the "Notice ") has been posted to shareholders today.

The Notice contains a resolution to consider and approve the introduction of a new tax advantaged all-employee share incentive plan (the "SIP ") to increase employee share ownership throughout the Group. The Company is proposing to award 500 ordinary shares1 to all UK based employees (the "2014 Free Share Award "). Gavin Darby, CEO, said:

"I believe that the 2014 Free Share Award is an excellent way to align the interests of our employees with those of our shareholders. As we embark on the next stage of our strategy to drive category growth, this share plan will help focus the organisation and enable employees to share in our long-term success."

The SIP rules provide that the Company will follow investor body guidelines in relation to usage of share capital in a rolling ten year period. The 2014 Free Share Award is expected to utilise less than 0.25% of issued share capital and therefore the dilutive impact of the award is expected to be minimal.

The meeting will be held at 2:00 pm on Wednesday 15 October 2014 at Premier Foods' offices, Premier House, Centrium Business Park, Griffiths Way, St Albans, Hertfordshire, AL1 2RE (the "Meeting "). 

To view the Notice, please go to the Group's website,www.premierfoods.co.uk/investor-realtions.Copies of the Notice are, and will remain, available for inspection at the registered office of Premier Foods at Premier House, Centrium Business Park, Griffiths Way, St Albans, Hertfordshire AL1 2RE and at the offices of Slaughter and May, One Bunhill Row, London, EC1Y 8YY during normal business hours on any business day with effect from today and up to and including the conclusion of the Meeting.

Copies of the Notice are also available for inspection on the UK Listing Authority's National Storage Mechanism at www.hemscott.com/nsm.do

For further information, please contact:

Premier Foods plc

01727 815 850

Andrew McDonald (General Counsel & Company Secretary)

Richard Godden (Head of Investor Relations)

Note:

1 Premier Foods plc ordinary shares of 10p each.