EGM Statement

RNS Number:8405I
Kerry Group PLC
21 August 2001

Not for release, publication or distribution in whole or in part in or into
the United States, Canada, Australia or Japan


       RECOMMENDED OFFER ("Offer") FOR GOLDEN VALE PLC ("Golden Vale")


                      BY DAVY CORPORATE FINANCE LIMITED


                    ON BEHALF OF KERRY GROUP PLC ("Kerry")


               OFFER RECEIVES KERRY SHAREHOLDER APPROVAL AT EGM


Kerry announces that at an extraordinary general meeting of the company held
in Tralee today, shareholders approved the proposed acquisition of Golden Vale
plc.


The Offer, which is unconditional as to acceptances, is now awaiting the
approval of the Minister for Enterprise, Trade and Employment of Ireland and
the Office of Fair Trading in the United Kingdom.




For further information contact:


Frank Hayes, Group Corporate Affairs Director, Kerry Group plc: + 353 66 718
2304.

Ivan Murphy, Director, Davy Corporate Finance Limited: + 353 1 679 6363.


Terms defined in the Offer Document dated 11 July, 2001 have the same meaning
when used herein unless the context requires otherwise.


The directors of Kerry take responsibility for the contents of this
announcement. To the best of the knowledge and belief of the directors (who
have taken all reasonable care to ensure that such is the case) all of the
information contained in this announcement is in accordance with the facts and
does not omit anything likely to affect the import of such information.


Davy Corporate Finance Limited, which is regulated by the Central Bank of
Ireland, is acting exclusively for Kerry and for no-one else in connection
with the Offer and will not be responsible to anyone other than Kerry for
providing the protection afforded to customers of Davy Corporate Finance
Limited nor for providing advice in relation to the Offer.


The Offer is not being made, directly or indirectly, in or into United States,
Canada, Australia or Japan. Accordingly neither copies of this announcement
nor any related Offer documentation are to be mailed or otherwise distributed,
or sent in or into United States, Canada, Australia or Japan.




21 August, 2001




ENDS.