Completion of Acquisition

Finsbury Food Group plc

Completion of Acquisition

Finsbury Food Group plc (AIM: FIF), a leading UK specialty bakery manufacturer of cake, bread and morning goods for both the retail and foodservice channels today announces that, further to its announcement on 6 May 2015, the Company can confirm the completion of the acquisition of Johnstone's Just Desserts Ltd ('Johnstone's').

- ENDS -

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Notes to Editors:

▪ Finsbury Food Group Plc (AIM: FIF) is a leading UK manufacturer of cake and bread bakery goods, supplying a broad range of blue chip customers within both the Grocery retail and 'out of home eating' foodservice sectors including major multiples and leading foodservice providers.

▪ Following the acquisition of the Fletchers Group of bakeries, the Company is one of the largest speciality bakery groups in the UK with initial annualised sale of over £270m.

▪ The Company's bakery product range is comprehensive and includes:

- Large premium and celebration cakes;

- Small snacking cake formats such as cake slices and bites.

- Artisan, healthy lifestyle and organic breads through to rolls, muffins (sweet and savoury) and morning pastries, all of which are available both fresh and frozen dependent on customer channel requirements.

▪ The Company is now the second largest manufacturer of ambient packaged cake (excluding In Store Bakery) in the UK, a market valued at £926m (Source Symphony IRI 52 w/e 6th December 2014). The annual bread and morning goods market has a value in excess of £3.5 billion (source Kantar Worldpanel). The UK foodservice bakery sector is worth approximately £900 million per annum, 70 per cent of which is in morning goods.

▪ The Company comprises a UK Bakery division and an Overseas division:

- UK Bakery has manufacturing sites in Cardiff, Hamilton, East Kilbride, Salisbury, Sheffield, London and Manchester.

- The overseas sector comprise the Company's 50% owned Company Lightbody Stretz Ltd supplies and distributes the Group's UK manufactured products and third party products primarily to Europe.