Sligro Food Group strengthens long-term financing position

SLIGRO FOOD GROUP STRENGTHENS LONG-TERM FINANCING POSITION

Sligro Food Group N.V., Veghel, has strengthened its long-term financing position with a private placement in the United States.

Two US dollar loans have today been placed and swapped for euros with a total countervalue of € 106 million, to be repaid in two instalments of € 53 million in 7 years and 10 years, respectively. The interest rate for the 7-year loan is fixed at 3.92% for the full term. The 10-year loan is at floating interest of 0.53 points over Euribor.

Sligro Food Group will use the proceeds to repay the bridging finance raised to acquire VEN Groothandelcentrum and other interest-bearing debt and for general business purposes.

This transaction represents a further step by Sligro Food Group towards strengthening its financial position.

Veghel, 15 December 2004

On behalf of the Executive Board of Sligro Food Group N.V.

A.J.L. Slippens

H.L. van Rozendaal

Tel. +31 413 343 500