Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Premier Foods plc

2. Reason for the notification (please place an X inside the appropriate bracket/s):

An acquisition or disposal of voting rights: ( X )

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )

An event changing the breakdown of voting rights: ( )

Other (please specify) : ( )

3. Full name of person(s) subject to the notification obligation:

Franklin Mutual Advisors, LLC

4. Full name of shareholder(s) (if different from 3.) :

Bank of New York London

JP Morgan Chase London

5. Date of the transaction (and date on which the threshold is crossed or reached if different):

7 July 2008

6. Date on which issuer notified:

9 May 2008

7. Threshold(s) that is/are crossed or reached:

5%

8. Notified details:

Class/type of shares if possible using the ISIN CODE

Situation previous to the Triggering transaction

Ordinary shares of 1p each 

GB00B01QLV45

Number of shares

52,080,015

Number of voting Rights 

6.17%

Class/type of shares if possible using the ISIN CODE

Number of shares 

Number of voting rights

% of voting rights

Ordinary shares of 1p each 

GB00B01QLV45

Indirect

50,624,609

Direct

Indirect

50,624,609

Direct

Indirect

 5.99%

Type of financial instrument

Expiration Date 

Exercise/Conversion Period/ Date

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

Number of voting rights

% of voting rights

50,624,609

5.99%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held if applicable:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

Suzanne Wise

General Counsel and Company Secretary

15. Contact telephone number:

+ (0)1727 815850