Chairman's Statement

We will increase our focus on innovation, brand building and consumer marketing to deliver branded sales growth.

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Operating Review

Our business has proved resilient,
with branded volume market
share growth, increased margin
from procurement and
manufacturing efficiency and
lower operating expenses.

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Premier Foods' brands

We have a strong and diversified portfolio of market leading, iconic British brands. A key part of our strategy is to grow our branded sales faster than their respective markets by investing in our brands and increasing their relevance to today’s consumers.

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Corporate governance

We are the UK’s largest ambient grocery producer; manufacturing, distributing and selling branded and non-branded food to the UK market. We strive for best practice in corporate governance to ensure this area reflects our position in the UK food industry. We believe in fairness and transparency in governance and in maintaining the highest ethical standards...

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Highlights for 2010

Trading Profit
Total Sales
Pro forma adjusted profit before tax
Pro forma adjusted earnings per share (EPS)
Net debt