Performance graph

7 Performance graph

In accordance with the requirements of Schedule 7A to the Companies Act 1985, the graph below shows the Company’s five year performance measured by TSR, compared with the performance of the FTSE 250 Index also measured by TSR.

The FTSE 250 Index has been selected as an appropriate comparison because it represents a broad equity market index, of which Northern Foods is a constituent.

TSR measures share price growth with any dividends deemed to be reinvested gross on the ex-dividend date. The TSR shown is based on daily spot prices.

TSR Performance index comparison

Northern Foods TSR compared to FTSE Mid 250 – 1 April 2004 to 1 April 2009

TSR Performance index comparison