Disposal & Trading Update

RNS Number:6158S
Food & Drink Group (The) PLC
18 April 2008



                           THE FOOD & DRINK GROUP PLC

                             ("FDG" or "the Group")


                          Disposal and Trading Update


The Food and Drink Group plc announces that it has completed the disposal of its
leasehold bar in Maddox Street, London, for net cash consideration of �0.6m. The
disposal proceeds will be used to reduce the Group's net debt and will also
result in a profit on disposal of the site in the region of �0.2m. The site made
no contribution to profitability last year and it is not expected that the
disposal will result in a material change in the profitability of the Company in
the current year.


The Group has experienced worsening trading conditions over the last two months
and whilst performance is anticipated to improve during the historically strong
summer trading period, it is expected that performance will be significantly
below market expectation for the financial year ending 27 September 2008.



                                                                   18 April 2008


ENQUIRIES:

The Food & Drink Group PLC                                  Tel: 020 7349 4440
                                                                            
Stephen Thomas, Chairman
James Kowszun, Chief Executive

College Hill
Justine Warren                                              Tel: 020 7457  2020
                                                                            
KBC Peel Hunt
Matt Goode/Capel Irwin                                      Tel: 020 7418  8900
                                                                            




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

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