Electronic Payment of Dividends

After the payment of Glanbia plc's ("Glanbia" or the "Company") 2010 interim dividend later this year, Glanbia will pay future dividend payments only by direct credit transfer into a nominated Bank or Financial institution. That is, after 2010, Glanbia will no longer pay dividends by cheque and from 2011 onwards payment will be by direct credit transfer only.

In order to facilitate this change, the Shareholders passed a resolution at the 2010 Annual General Meeting of the Company, on 25 May 2010, to make certain amendments to the Articles of Association.

Why has the dividend payment method changed?

• Direct credit transfer is a more secure and convenient way for Shareholders to receive dividend payments;
• Dividends are credited to a Shareholder's account on the payment date as cleared funds, which means that a Shareholder can immediately use the funds;
• It removes the risk of loss, fraud or theft of dividend payment cheques; and
• It will generate savings for the Company, which benefits all Shareholders, because paying by direct credit transfer is less expensive than using cheques and eliminates the cost of issuing replacement payments for those cheques that go missing.

What are the options for future dividend payments?

As Glanbia will no longer be issuing dividend cheques, Shareholders now need to choose another method of receiving dividend payments. The following options are available:

• All Shareholders can nominate an Irish Euro, Bank or Financial institution account; or
• All Shareholders can nominate a Sterling UK Bank or Financial institution account.

What do you do next?

If a Shareholder currently receives dividend payments by cheque, he/she should complete a Dividend Mandate Form and return it to the Company's Registrar. All Shareholders will be mailed a Dividend Mandate Form on 2 June 2010.

Alternatively, a Shareholder can register their bank account details on the Company's Registrar's website at http://www.investorcentre.com/ie/paymentinstruction. In order to log in, Shareholders will need their 11 digit Shareholder Registration Number ("SRN") which is printed on the Dividend Mandate Form and on all correspondence from the Company. All SRNs start with the letter C or G and are followed by 10 numbers.

Shareholders who already have their dividends paid by direct credit transfer into a Bank or Financial institution do not need to take any action.

What about tax vouchers?

Shareholders may provide the Company with an email address so that the Company can communicate with them electronically by completing the relevant section on the Dividend Mandate Form. Alternatively, Shareholders can register their email address with the Company's Registrar by visiting www.computershare.com/register/ie.

Where a Shareholder has provided an email address, an electronic tax voucher will be produced and sent to that Shareholder by email at the time of the dividend payment. If a Shareholder does not provide an email address, the Company will send a paper tax voucher at the time of the dividend payment. This is more costly and less environmentally beneficial and the Company would much prefer to communicate with its Shareholders electronically.

What happens if a Shareholder doesn't send their completed direct credit transfer instructions for the final dividend for 2010 (payable in 2011) in time?

If a Shareholder doesn't return his/her instructions by the record date for final dividend for 2010 (payable in 2011), Glanbia will not be able to make the payment to that Shareholder on the dividend payment date. The Shareholder's dividend will be held for him/her as a non-interest bearing deposit until he/she sends to the Company completed direct credit transfer instructions. The dividend will then be paid to the Shareholder's nominated account as soon as possible. No interest will be paid on amounts held pending the receipt of direct credit transfer instructions.

Frequently Asked Questions (FAQ)

Please refer to attached FAQ for further information.

Where can a Shareholder get more help?

Shareholders should contact the Company's Registrar, Computershare, on 00 353 (0) 1 247 5349 where one of their customer service representatives will be happy to help.