BFG Withdraws from Londis

RNS Number:3308Z
Big Food Group PLC
02 June 2004


                                                                   2nd June 2004


                            THE BIG FOOD GROUP PLC
                    WITHDRAWS INTEREST IN ACQUIRING LONDIS


The Board of The Big Food Group Plc ("BFG") has now reviewed the documentation,
including the Annual Report and Accounts, issued by the Board of Londis
("Londis" or "the Company") in connection with the offer by Musgrave. This
raises a number of questions concerning the on-going level of the Company's
profitability and financial condition, both of which seem to understate the
Company's potential.

In addition, BFG is aware of a considerable body of opinion among Londis
retailers that they would prefer Londis to remain independent.  Consequently, in
the absence of better financial information and given shareholders' views, the
Board of BFG has concluded that it is not appropriate for BFG to pursue the
acquisition of Londis at this time.

If, however, the offer by Musgrave should fail and Londis remain independent,
BFG would be interested in furthering its trading relationship with Londis to
the mutual benefit of itself and the community of Londis retailers.   BFG
remains convinced that it can offer Londis retailers superior trading support to
that on offer from Musgrave.



Enquiries :
               Andrew Hayes / Sandrine Boussard
               Hudson Sandler Limited
               Telephone:  020 7796 4133



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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