REG-Tate & Lyle PLC Judgment re litigation <Origin Href="QuoteRef">TATE.L</Origin>

Tate & LyleAnnouncement

29/09/2015 15:00

      Judgment re litigation    
29 September 2015  Tate & Lyle PLC
Judgment handed down in litigation regarding sale of EU Sugars       business in 2010
      Tate & Lyle PLC (Tate & Lyle) announces that Judgment was handed down       today at the Commercial Court in London in the case brought by American       Sugar Refining, Inc. (ASR) in which it made a number of claims       totalling around 40 million in relation to its acquisition of Tate &       Lyles EU Sugars business in September 2010 for a consideration of 211       million. The Court found in favour of ASR on two elements of its claims,       whilst rejecting all other aspects. Accordingly, in the Judgment, the       Court has awarded damages of 18 million (24.9 million) to ASR (with       interest and costs to be determined in due course).    
      This claim has been disclosed in Tate & Lyles Annual Report since 2012       and the expected announcement of this Judgement was highlighted in the       Trading Statement on 29 July 2015.    
      The impact of the Judgment will be reported as an exceptional item       within discontinued operations.    
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      For more information contact Tate & Lyle PLC:
Christopher       Marsh, VP, Investor and Media Relations
Tel: +44 (0) 20 7257 2110       or Mobile: +44 (0) 7796 192 688    
      Andrew Lorenz (FTI Consulting), Media Relations
Tel: +44 (0) 203       727 1323 or Mobile: +44 (0) 7775 641 807    
About Tate & Lyle:
      Tate & Lyle is a global provider of ingredients and solutions to the       food, beverage and other industries, with operations in over 30       locations worldwide.    
      Tate & Lyle operates through two global divisions, Speciality Food       Ingredients and Bulk Ingredients, supported by our Innovation and       Commercial Development and Global Operations groups. The Group's       strategy is to become a leading global provider of Speciality Food       Ingredients through a disciplined focus on growth, and by driving Bulk       Ingredients for sustained cash generation to fuel this growth.    
      Speciality Food Ingredients consists of three platforms: Texturants,       which includes speciality starches and stabilisers; Sweeteners, which       comprises nutritive sweeteners and our range of no-calorie sweeteners       including SPLENDA Sucralose; and our Health and Wellness       portfolio which includes speciality fibres and our salt-reduction       offering. Additionally, our Food Systems business provides a wide       variety of blended ingredient solutions.    
      Tate & Lyle Bulk Ingredients includes bulk sweeteners, industrial       starches and fermentation products (primarily acidulants). Corn       co-products from both divisions are primarily sold as animal feed.    
      Tate & Lyle is listed on the London Stock Exchange under the symbol       TATE.L. American Depositary Receipts trade under TATYY. In the year to       31 March 2015, Tate & Lyle sales totalled 2.7 billion. For more       information, please visit http://www.tateandlyle.com.       SPLENDA is a trademark of Heartland Consumer Products LLC.    
View source version on businesswire.com: http://www.businesswire.com/news/home/20150929006222/en/
      Tate & Lyle PLC