Initiation of Proceedings

ARYZTA AG confirms that proceedings have been initiated in the High Court, Dublin by Varleigh Limited (a vehicle owned 50/50 by Bernard McNamara and James Morrissey) and James Morrissey (together the plaintiffs) against Ronan McNamee and IAWS Group Limited (together the defendants) seeking damages arising from an alleged failure to pursue a common course in planning matters relating to development properties in Tallaght, Dublin.  
The Group considers the case to be without merit. A complete defence to the claim, based on the law and the facts, is being vigorously pursued.

Alex Money
Temple Bar Advisory
Media and Investor Relations Advisors 
Tel: +44 (0) 20 7002 1080