Sligro upgrades profit forecast
Sligro Food Group N.V. expects net profit after tax and amortisation of goodwill for the 2002 financial year to increase to at least EUR 35 million, compared with EUR 25.3 million in 2001, representing growth of almost 40.%. At the time of publication of the interim figures on 25 July, the company was forecasting 30–35% growth in net profit in 2002.

The turnover projection for 2002 remains unchanged at EUR 1.3 billion.

The sustained improvement in the Group's results is attributed to effective margin management and rigorous cost control in both its food service and food retail businesses. Furthermore EMTÉ Supermarkten, which was acquired in May, is contributing more to profits than had been expected.

Finally, we wish to announce that the General Meeting Shareholders has today approved the change of the company's name to Sligro Food Group N.V.

Veghel, 30 October 2002

Sligro Food Group N.V.
A.J.L. Slippens
H.L. van Rozendaal
J.G.M. Geerdink
Tel. +31 413 343 500
Fax +31 413 363 010