Potato salad and ready meal product recall

Posted: Wednesday, June 17, 2015

Produce Investments plc, (AIM:PIL), a leading operator in the fresh potato and daffodil sectors, confirms that one of its subsidiaries, Swancote Foods, has experienced a potential contamination issue relating to the possible identification of traces of metal being found in one of its products. Affected customers have been made aware of the issue and this has resulted in the recall of a number of potato salad and ready meal products.

The Company is working closely with its customers to determine the full facts behind this incident and to resolve the issue as soon as possible. Produce Investments is committed to maintaining the highest standards of food safety and food traceability, and is therefore extremely concerned that the quality of one of its products may have been compromised.

The potential financial impact of the recall is being analysed, but at this stage it is too early to quantify what any exceptional costs will be for the year ending 27 June 2015. The Company expects to resume supply shortly and will provide a further update when appropriate.

For further information contact:

Produce Investments plc
Brian Macdonald
01890 819503

Shore Capital & Corporate Limited (nomad)
Stephane Auton / Patrick Castle
020 7408 4062

Nick Dibden / Sophie Moate / Samantha Trillwood
[email protected]
020 7250 1446