5 January 2010

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

Notice of General Meeting and Posting of Circular

Lees announces the posting of a circular (the "Circular") and notice of a general meeting (the "General Meeting") to its shareholders requesting their approval for the buyback of ordinary shares in the capital of the Company.

Proposed Buyback of Shares

In the terms of the recently announced settlement with Rock Cake Limited ("Rock Cake"), it was proposed that the Company would buy back all of the 65,000 ordinary shares in the capital of the Company issued to the former shareholders of Rock Cake as part of the consideration for the acquisition of Rock Cake (the "Consideration Shares") for a nominal sum of 0.1 pence per Consideration Share (the "Buybacks"). The Consideration Shares would then be cancelled, thereby concentrating the holdings of the remaining shareholders.  

As the arrangements relating to the Buybacks constitute off-market purchases under the Companies Act 2006, a special resolution of shareholders is required to approve the Buybacks.

Notice of General Meeting

The Circular convening the General Meeting has been posted today. The General Meeting will be held at the Company's registered office, North Caldeen Road, Coatbridge, ML5 4EF on the 25 January 2010 at 2.00pm. A special resolution to approve the buyback of Ordinary Shares by the Company will be proposed at the General Meeting.

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