Optional share/cash dividend 2004

The Annual General Meeting of Shareholders held on 30 March 2005 declared a dividend for the 2004 financial year of €1.00 per share of €0.12 nominal value each. At the shareholder's option, the dividend may be taken entirely in cash or in shares charged to the reserves.

Shareholders will be able to specify their choice until the close of business on the stock exchange of Euronext Amsterdam N.V. on 13 April 2005. The number of dividend rights entitled to one new share in Sligro Food Group N.V. will be announced after the close of business on the stock exchange of Euronext Amsterdam N.V. on 13 April 2005. This will be calculated on the basis of the average of the closing prices of the Sligro Food Group N.V. share in the period 11 to 13 April 2005, so that the dividend in shares will be worth approximately the same as the cash dividend.

Dividend rights will not be traded on the stock exchange of Euronext Amsterdam N.V. The following timetable applies:

Shareholders are requested to announce their choice within the above option period through their bank or broker to Kempen & Co N.V., Beethovenstraat 300, (1077 WZ) Amsterdam. If, as a shareholder, you do not make a choice, your bank or broker will normally make a choice for you. Your bank or broker is requested to deliver the dividend rights relating to your choice to Kempen & Co N.V. no later than 13 April 2005 (before the close of business on Euronext Amsterdam N.V.). If no choice is made, the dividend will be paid to the shareholder in cash.

Payment of the dividend and issue of shares in exchange for dividend rights will take place from 27 April 2005. Shares will only be issued to your bank or broker in accordance with the number of dividend rights delivered on 13 April 2005, with any remaining fraction being paid in cash.

Commission will be paid to institutions admitted to the stock exchange of Euronext Amsterdam N.V. for the exchange of dividend rights, so that the aforementioned exchange can be made free of commission for holders.

Veghel, 30 March 2005

Sligro Food Group N.V., P.O. Box 47, 5460 AA Veghel,
telephone +31 (0)413 34 35 00