Bunzl announces On-Market Share buy back

16 Apr 2007

Bunzl plc, the international distribution and outsourcing Group, today announces that it intends to resume its on-market share buy back programme. Subject to market conditions and based on current expectations, it is anticipated that the Company will spend up to £100 million in 2007.

This is consistent with the Board's strategic priority of growing both organically and by acquisition and its objective of operating with an appropriate balance sheet structure. While the acquisition pipeline is good, the Board believes that the Group's high and consistent level of cash generation allows the Company to operate with a somewhat more leveraged capital structure.

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