Simonds Farsons Cisk plc

November 28, 2008

On Friday 28th November 2008 Simonds Farsons CIsk plc issued an Interim Directors’ Statement where it was stated that during the first nine months of the current financial year, the Group registered increased turnover levels over the corresponding period last year in its brewing, production and sale of branded beers and beverages segment, in its food importation business and the operation of franchised food retailing establishments. Moreover, the initial efficiency problems encountered with the newly commissioned production lines are being addressed, and the targeted production efficiencies are expected to be attained by the beginning of next year.

The substantial reduction in sales value per litre of carbonated soft drinks continues to have a negative impact on the profitability of this segment.

Although the Company continues with the implementation of a permanent cost reduction programme, with the targeted reductions in head count and overheads being attained as planned, the expense related to early retirement schemes will, have a negative effect on the results of the Company for the current financial year, together with the impact of the recently announced utility rates.

The Directors expect that the Group’s results for the current financial year will show a material decline in profitability over those for the year ended January 2008. Still, the Directors believe that the Company, through the measures being undertaken, remains well positioned to handle the challenges ahead.

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