DairyCrest

Disclaimer

Notice: Limitations on Director liability – The purpose of the Annual Report is to provide information to members of the Company and it has been prepared for, and only for, the members of the Company, as a body. The Company its Directors, employees, agents and advisors do not accept or assume responsibility to any other person to whom this document is shown or into whose hands it may come and any such responsibility is expressly disclaimed. Under the Companies Act 2006, a safe harbour limits the liability of Directors in respect of statements in and omissions from the Report of the Directors contained on pages 4 to 33 and 35 to 44. Under English law the Directors would be liable to the Company (but not to any third party) if the Report of the Directors contained errors as a result of recklessness or knowing misstatement or dishonest concealment of a material fact, but would not otherwise be liable. The Report of the Directors has been drawn up and presented in accordance with and in reliance upon English company law. Liabilities of the Directors in connection with that report shall be subject to the limitations and restrictions provided by such law.

Cautionary statement regarding forward looking statements – The Group’s reports including this Annual Report and Accounts and written information released or oral statements made to the public in future, by or on behalf of the Company and the Group, may contain forward-looking statements. By their nature, these statements involve uncertainty since future events and circumstances can cause results to differ materially from those anticipated. The forward-looking statements reflect knowledge and information available at the time of their preparation and, except to the extent required by applicable regulations or by law, the Company and the Group undertake no obligation to update these forward-looking statements. Nothing in this Annual Report and Accounts should be construed as a profit forecast.

Non-GAAP measures of financial performance used throughout this Annual Report and Accounts are defined in the Financial review on pages 28 to 31 and in Note 1 to the financial statements.