Market Update

19th December 2012

Clifton Buying Group• Clifton Buying Group is a leading supply solution business, which specialises in negotiating with suppliers to improve

pricing, and reduce costs in order to enhance profits for our clients. Our services are specifically developed for all business sectors including Healthcare, Hospitality, Education and Retail.

• Clifton Buying Group works with over 2,000 businesses with a combined client spend of over 30 million through a network of over 200 national and local suppliers allowing our customers to make savings across all product categories.

• At Clifton Buying Group we firmly believe in the personal touch, so as a customer you will work with a dedicated account manager, their role is to work closely with you and your team to ensure you get the most out of Clifton Buying Group.

• We offer a full purchasing support system, not only do we secure your prices we undertake all invoice checking, market benchmarking, monitor global product trends and supply our clients with full financial diagnostics on a monthly basis.

3 Neptune Court, Hallam Way, Whitehills Business Park, Blackpool, FY4 5LZ

Contact:Steve LawtonTel: 07768 802319

Jonathan StampTel: 07791 796628

Holly HawthornthwaiteTel: 07867 458931

Office Tel: 01253 607921 Fax: 01253 763400

Content

Currency Exchange Rates

Wheat, Maize and Soya Bean 2013

Top Product Survey 2012

Wholesale Seafood Prices

On the Radar

Currency Exchange Rate

Source: http://www.xe.com/

Currency Rate

GBP – EUR 1.24

GBP - USD 1.60

EUR – USD 1.29

EUR – GBP 0.81

USD – GBP 0.62

USD – EUR 0.77

28th November 2012

Currency Rate

GBP – EUR 1.23

GBP - USD 1.63

EUR – USD 1.32

EUR – GBP 0.81

USD – GBP 0.61

USD – EUR 0.76

19th December 2012Increase/Decrease

= Decrease = No Change = Increase

Price Volatility Forecasted for 2013

Wheat, maize and soya bean prices are forecasted to rise early in 2013 as the commodities markets are hit with more price volatility, rebuilding global stocks after poor harvests is the early key challenge, on a positive note prices should drop later in the year barring bad weather

Top Product Survey 2012

Source: The Grocer

Product Category Product £Million Sales

Carbonated Drink Coca Cola 1,152.0

Rice Uncle Bens 134.0

Tea P G Tips 136.5

Coffee Nescafe Original 163.6

Fresh Milk Cravendale 151.2

Chocolate Cadbury Dairy Milk 424.7

Cereals Weetabix 145.8

Bread Warburtons 526.2

Lager Stella Artois 462.0

Spirits Smirnoff Red Label 346.0

Wine Blossom Hill 252.4

Wholesale Seafood Prices

Product Prices £/t Change m-o-m

Change y-o-y

Coldwater Prawns 2,661 -3.2% 25.6%

Skipjack Tuna 1,268.6 -11.1% 5.8%

Jack Mackerel 2,293 -4.1% 8.8%

Salmon 2,840 9.1% 14.7%

Cod 3,397 -10.5% -13.6%

Haddock 873.3 -6.7% -24.2%

Yellow Fin Tuna 1,969 -3.5% 17.8%

Source: Mintec

On the Radar• Coffee, cocoa and sugar price forecasts for 2013 look

relatively stabled as supply and demand is better balanced

• Prices soar on 40% of supermarkets value own label lines – brings a true meaning to value !!

• Brakes have refinanced £900m as it looks to build more multi temp depots

• Gas prices are again moving in the wrong direction up 4.6% month on month and 20.7% year on year