18 February 2009

Lees Foods plc ('Lees' or the 'Company')

Director's Dealings

The Company was notified on 16 February 2009 that Klaus Perch-Nielsen, Non-Executive Director, has transferred his controlling shareholding in Coven-Sa Limited ('Coven-Sa') to various members of his family. Mr Perch-Nielsen now owns 0.01% of the share capital of Coven-Sa and is therefore no longer deemed to be the beneficial owner of all of the 544,085 ordinary shares of £1 in the Company ('Ordinary Shares') held by Coven-Sa. Consequently, Mr Perch-Nielsen now has a beneficial holding of 229,181 Ordinary Shares, representing 9.53% of the issued share capital of the Company.

The Company was also informed that Mr Perch-Nielsen's entire holding of 229,181 Ordinary Shares as well as the 544,085 Ordinary Shares held by Coven SA have been pledged as security against a bank loan as part of a wider security package since prior to the Company's flotation on 29 June 2005. These shares represent 32.2% of the issued share capital of the Company. 

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