RNS Number:9206H
Baugur hf
25 February 2003

                                                                      FORM SAR 3

Lodge with a RIS or Newstrack and the Takeover Panel. A copy must also be sent
to the company the shares of which are acquired.

                                        Date of disclosure...25th February 2003.

   DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING SUBSTANTIAL ACQUISITIONS OF
                                SHARES ("SARs")

Date of acquisition     24th February 2003

Acquisition in:      The Big Food Group PLC              (name of company)

(1)     Class of voting shares        Number of shares/rights over shares   If rights over shares acquired,
                                      acquired                              as opposed to the shares
     (eg ordinary shares)                                                   themselves, specify nature of
                                                                            rights



                                      2,100,000 shares
ORDINARY SHARES OF 10p
                                      N/A rights                            N/A






                                      Resultant total holding of rights     Total percentage
    (2)     Resultant total holding   over shares (and % of total voting
    of voting shares (and % of total  shares in issue)
    voting shares in issue)
                                      N/A ( %)
          73,191,564 (21.3 %)
                                                                            73,191,564 (21.3 %)



(3)     Party making disclosure: Baugur Group hf

(4)     (a)     Name of person acquiring shares or rights over shares:
                          Baugur Group hf through its subsidiary A Holding SA



          and, if different, beneficial owner .................................
..............................................

     (b)     Names of any other persons acting by

          agreement or understanding (see SAR 5) .............................
..........................................

Signed, for and on behalf of the party named in (3) above:      Halldor
Larusson.

(Also print name of signatory) Halldor Larusson

Telephone and extension number ...+44 207 554 1400

                     ______________________________________


        Note.     Under SAR 5, the holdings of and acquisitions by persons
        acting by agreement or understanding must be aggregated and treated as a
        holding of or acquisition by one person. Note 3 on SAR 5 requires
        persons who must aggregate holdings to disclose certain disposals.

For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs. If in doubt, contact the Panel on Takeovers and Mergers, Monitoring
Section, Tel. No: 020 7638 0129.
E-mail: monitoring@disclosure.org.uk



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