Company Information for Tate & Lyle plc

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LSE; TATE

Company Statement

Our Business Overview

Tate & Lyle is a world-leading manufacturer of renewable food and industrial ingredients. All our ingredients are produced from renewable crops, predominantly corn (maize), wheat and sugar cane. We take these renewable crops and transform them through the use of innovative technology into value added ingredients for our food, beverage and industrial customers.

Backed by a strong and growing research organisation, Tate & Lyle's ingredients help add taste, texture, nutrition and increased functionality to everyday products used by millions of people around the world.

Tate & Lyle was founded in the UK in 1921 but its roots can be traced back to a number of companies established in the middle of the 19th century focused on sugars in Europe, wheat and corn milling in Europe and corn milling in the US. 2006 marked the 100th anniversary of the founding of our US corn milling business.

Vision

Tate & Lyle's vision is that we will grow by uniting our businesses and developing partnerships to create the world's leading renewable ingredients business. We will build a consistent portfolio of distinctive, profitable, high-value solutions in products and services for our customers.

Operations

Tate & Lyle is headquartered in the UK and is a global company currently operating more than 60 production facilities in 24 countries mainly throughout Europe, the Americas and South East Asia. At 31 March 2007, we employed 6,900 people in our subsidiaries with a further 2,300 employed in joint ventures.

During the year ended 31 March 2007, the Group operated through five business divisions:

Food & Industrial Ingredients, Americas
Food & Industrial Ingredients, Europe
Sucralose
Sugars, Americas & Asia
Sugars, Europe

Company Diagram

We provide customers in a number of industries with a range of distinctive, high-quality ingredients made from corn, sugar or wheat. We also create unique formulations that solve problems for our customers, providing value beyond the basic ingredients. Here we set out the key markets we serve, with examples of the products and services we offer.

Current Operations

Our products and services include:

Cereal sweeteners and starches

We are one of the leading producers of cereal sweeteners and starches in the world. This aspect of our business involves the production and marketing of ingredients produced from corn and wheat for the food and industrial sectors.

Cereal sweeteners

Our corn sweeteners, such as high fructose corn syrup, glucose syrup, fructose, dextrose and maltodextrins, are widely employed in the production of soft drinks and as feedstocks in the brewing and fermentation industry.

Starches

Our functional value added food starches add texture and body to food and are also used to bind together ingredients, offering stability and moisture retention. Our starches can improve the shelf-life of processed foods and snacks and are used to produce the texture and other quality features of consumer products such as chewing gum, cosmetics, toothpaste and pharmaceutical applications. We are also a key player in the production of non-food starches for industrial markets. We supply textile, paper, corrugated board and plasterboard manufacturers and the building industry with industrial starches. In the paper industry, native and speciality starches are used to increase dry paper strength and improve surface conditions.

Speciality starches are used to bond the different layers of paper in the manufacture of corrugated board. Starches are used in adhesive and building product applications, and in the textile industry to increase weaving efficiencies.

Sugar and related products

We are a leading producer of sugar for industrial customers and for retail sale. We also produce value added and consumer-branded products such as Tate & Lyle Sugar, Lyle's Golden Syrup and Sidul (one of Portugal's leading sugar brands).

Cane sugar

Refined sugar, syrups and treacles are used to provide natural sweetness, texture, colour and flavour across a full range of food and drink applications. We are the largest cane sugar refiner in the EU, producing over 1.3 million tonnes of cane sugar per annum from our refineries in London, England, and Lisbon, Portugal. We are a leading retail brand in the UK where we supply a full range of retail and domestic sugars as well as more specialised products including Lyle's Golden Syrup. We operate a cane sugar refinery in Vietnam and a joint venture in Mexico, which supply customers in those regions. As well as refining sugar, our global trading operation purchases and trades sugar in markets across the world.

Molasses

Molasses is a versatile by-product of sugar production. It offers various benefits as an animal feed and as a raw material for fermentation. It is also used in a diverse range of other industrial processes. We have been able to leverage our position as a leading sugar manufacturer to become a market leader in the international trading, distribution and storage of molasses. We have developed the expertise we gained from storing molasses to establish an ancillary business of storing other commodities for our customers in bulk liquid storage facilities around the world.

SPLENDA® Sucralose

SPLENDA® Sucralose is a no-calorie, high-intensity sweetener that is made from sugar. SPLENDA® Sucralose offers the taste of sugar without the calories. As a food ingredient, its unique stability means that products using SPLENDA® Sucralose will retain their sweetness over time, helping to preserve the optimal balance of sweetness and flavour. SPLENDA® Sucralose can be used successfully in high-temperature processing, such as sterilisation, pasteurisation, canning and extrusion. It is used today to sweeten more than 4,000 foods and beverages worldwide.

Acidulants, alcohol, polyols and proteins

Acidulants

From a base of sugar, dextrose or molasses, we produce acidulants such as citric acid, fumaric acid, malic acid, potassium citrate and sodium citrate. Citric acid is used to enhance flavour and preserve a wide range of foods, beverages and pharmaceuticals. It is also widely used as a natural cleaning agent in detergents.

Alcohol

We have expanded our product offering by using the raw ingredients of corn, wheat and sugar to become a producer and distributor of a range of alcohol products. These are used in the manufacture of beverages and vinegar, as well as in industrial products such as paint. We also produce ethanol, which can be blended with gasoline and used as a fuel.

Polyols

Polyols such as sorbitol are used by both food and pharmaceutical companies to sweeten and retain moisture and can be found in chewing gum and toothpaste.

Proteins

In addition to starches and sweeteners, the processing of corn and wheat produces proteins. Wheat proteins such as vital wheat gluten and soluble wheat proteins can be employed in a variety of food and animal feed products to provide valuable functional and nutritional benefits.

Biogums

We produce biogums, such as xanthan gum, used by the food industry to provide texture and viscosity to sauces and dressings and as low-calorie fat replacers and stabilisers. Our STANZAN X® industrial-grade xanthan gum is used in the oil-well drilling industry as a lubricant and coolant. Our gum range was expanded through the acquisition of Cesalpinia Food in December 2005 to include locust bean and guar gums.

Advanced bio-materials

Bio-PDO™, an innovative monomer made from corn by DuPont Tate & Lyle BioProducts, became commercially available in 2006. It is used by DuPont to produce Sorona® which has a wide range of textile applications from swimwear to carpets. Bio-PDO™ can also be used in a variety of direct applications such as cosmetics and de-icing fluids.

Board of Directors and Key Management

Sir David Lees	Non-Executive Chairman

Group Management Committee

Executive Directors:

Iain Ferguson	Chief Executive
Stanley Musesengwa	Chief Operating Officer
John Nicholas	Group Finance Director
Stuart Strathdee	Corporate Development Director
Robert Gibber	Company Secretary and General Counsel
Corry Will	Group Human Resources Director

Senior Operational Management

Clive Rutherford	Chief Executive, Food & Industrial Ingredients, Europe
D. Lynn Grider	President, Food & Industrial Ingredients, Americas
Ian Bacon	Chief Executive, Sugars, Europe
Mark White	President, Global Food Ingredients Group
Pat Mohan	President, Support and Efficiency Services
Loren Luppes	Group President, Manufacturing and Technology
Dr. Robert Fisher	Head of Global Research and Development
Austin Maguire	President, Sucralose

Non-executive Directors

Richard Delbridge	Senior Independent Non-executive Director
Evert Henkes	Non-executive Director
Kai Nargolwala	Non-executive Director
Dr Barry Zoumas	Non-executive Director
Robert Walker	Non-executive Director
Liz Airey	Non-executive Director

Company Address

Tate & Lyle PLCHead Office - Corporate and Investor Relations, Company Secretariat, Treasury, FinanceSugar QuayLower Thames Street
London, London, United Kingdom EC3R 6DQ


Telephone:	(+44) (0)20 7626 6525
Facsimile:	(+44) (0)20 7623 5213
Email:	info[at]tateandlyle.com
Website:	http://www.tateandlyle.com

Additional Address/Key Contact

Contact: Mark Robinson, Head of Investor Relations
investorrelations@tateandlyle.com Tel: 020 7626 6525

Capital

As at 31 August 2007, the number of Tate & Lyle PLC shares in issue was 483,592,610.

Annual General Meeting

July

Year End

31 March

Most Recent Statement

27/09/07 - Tate & Lyle PLC - Trading Statement
17/09/07 - Tate & Lyle PLC - Transaction in Own Shares
16/09/07 - Tate & Lyle PLC - Transaction in Own Shares
13/09/07 - Tate & Lyle PLC - Transaction in Own Shares

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