6 May 2025

Response to media speculation

Associated British Foods plc ("ABF" or the "Group") notes recent media speculation and confirms that it is in discussions with Endless LLP regarding a potential transaction. However, there is no certainty that a transaction will be concluded nor as to the terms of such a transaction.

As stated in our Interim Results Announcement on 29 April 2025, Allied Bakeries continues to face a very challenging market. We are evaluating strategic options for Allied Bakeries against this backdrop and we remain committed to increasing long-term shareholder value. A further announcement will be made as and when appropriate.

For further information, please contact:

Associated British Foods

+44 20 7399 6545

Joana Edwards, Interim Finance Director

Lucinda Baker, Head of Investor Relations

Chris Barrie, Corporate Affairs Director

Citigate Dewe Rogerson

+44 20 7638 9571

Kevin Smith +44 7710 815 924

Angharad Couch +44 7507 643004