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PRESS RELEASE

Ter Beke achieves very good 1st quarter 2004
Investment plan in full implementation

Waarschoot, 13 May 2004.

In the 1st quarter of 2004 the fresh food group Ter Beke, producer of chilled ready meals and processed meats, continued building on the excellent results of last year.

Update Q1 04

In the first quarter of the current year Ter Beke continued to grow in volume, turnover and results.
The positive evolution of turnover and profit is due to the substantial growth in chilled ready meals, in both the domestic and the international markets. It is satisfying to note that processed meats also achieved growth in the Benelux market.

Investments

The investment in the Come a Casa brand continued unabated in the first quarter of 2004. The results of the television campaign demonstrate a significant increase in brand familiarity, which is confirmed by a substantial growth in sales under the Come a Casa brand.
Along with the marketing expenditures, this year Ter Beke is investing more than 15 million euros in various operational projects.
Thus the announced investment plan is ready for our French establishment at Alby-sur-Chéran, and the first phase will be implemented by the end of 2004.
In Marche-en-Famenne the construction of the new Research and Development Center for ready meals is progressing well; it is expected to be operational during the course of this year. In this plant we continue to invest heavily in the line for chilled pasta meals and in the infrastructure for pâté.
The last phase of the extensive investment plan for our plant in Wanze (Huy), producer of fresh lasagne, is in full implementation and will be completely operational in the autumn of this year.
In Waarschoot, producer of salami and cooked ham, the renovation of the old salami plant is going precisely according to plan. New maturation and drying rooms are already operational or nearing completion.
In the plant in Veurne, specialised in slicing and pre-packaging processed meats, two lines are being expanded in order to meet the increased demand.
In Ruiselede we are investing in the packaging department.

Outlook

We expect that the current positive trends will continue, and therefore that turnover and profits will continue to grow.

About Ter Beke

Ter Beke is a Belgian fresh food group specialised in chilled ready meals and processed meats. The products are made in Belgium and France and sold in Belgium, the Netherlands, France, Spain, Switzerland, the United Kingdom, Ireland, Germany, Austria, Czech Republic, Portugal and Scandinavia. In Europe Ter Beke is the market leader in chilled lasagne. With over 1,100 employees, Ter Beke expects to achieve a gross turnover of more than € 200 million in 2004. Ter Beke is listed on Euronext Brussels.

For more information, please contact:

Media		Investors Relations
Luc De Bruyckere		Marc Hofman
Chairman		Managing Director
tel. +32 (0)9 370 13 00		tel. +32 (0)9 370 13 16
luc.debruyckere@terbeke.be		m.hofman@terbeke.be