Issue of Equity

Finsbury Food Group plc

Exercise of Options

Finsbury Food Group plc (the "Company") announces that it has today issued and allotted 641,800 ordinary shares of 1p each ("New Ordinary Shares") following an exercise of options. Of the New Ordinary Shares, 141,800 are being issued pursuant to the Company's SAYE Share Save Scheme and existing blocklisting facility. An application has been made for the remaining 500,000 New Ordinary Shares to be admitted to trading on AIM. Following admission of the New Ordinary Shares, the total issued share capital of the Company will be 66,225,727 ordinary shares of 1p each.

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Notes to Editors:

§ Finsbury Food Group plc (AIM: FIF), is a leading manufacturer of premium and celebration cakes, low fat cake slices and specialist breads.

§ Finsbury Food Group is the second largest manufacturer of Ambient Packaged Cake (excluding In Store Bakery) in the UK, a market valued at £938 m (Source: Symphony IRI, 52 we 27th April 2013).

§ The Group's strategy is to generate returns for shareholders by building a crafted bakery group focused on premium, celebration and well being that delivers for customers and consumers. Finsbury continues to develop its licensed brand portfolio to complement its core retailer brand relationships and improve its understanding of and response to changing consumer needs.

§ Whilst the Company sees exciting organic growth opportunities in all its businesses and its short-term focus is on integrating and growing its existing businesses, the aim is to take advantage of the appropriate bolt on acquisitions to drive longer term value as opportunities and circumstance allow.