Harry Ramsden's Entrepreneur Buys Five Star Fish

By Boparan Group, PRNE
Monday, April 5, 2010

LONDON, April 6, 2010 - The Boparan Group has today acquired one of the UK's leading fish
suppliers, Five Star Fish, in a deal that's set to secure jobs, protect its
future and provide a stable backdrop for continued growth.

The purchase comes hot on the heels of Boparan's recent acquisition of
iconic fish and chip brand, Harry Ramsden's and, before that, the purchase
and turnaround of the Fishworks restaurant chain.

With customers including Morrisons and Iceland as well as a number of
leading pub and restaurant chains, Five Star Fish has doubled annual turnover
to around GBP65 million in the past three years and employs 330 people at its
Grimsby base.

Despite operating profitably, the company was recently placed into
administration due to problems at its parent, British Seafood Group. This new
deal marks an end to any uncertainty surrounding the firm, with an assurance
that the new owner plans to build on its market-leading success.

"We're absolutely delighted to have bought this fantastic business", said
new owner Ranjit Boparan. "It's a brilliant, innovative company with a
terrific team of people who've skilfully guided the business to its present
heights and we're going to do everything we can to help them continue to
build and expand upon that success".

Five Star Fish has recently undergone significant investment, with 2009
seeing the building of a new, state-of-the-art factory making it perfectly
placed to capitalise on the growing seafood market.

At 43, Ranjit Boparan is one of the UK's most successful self-made young
entrepreneurs, owning a number of businesses in the food sector, responsible
for over 6,000 employees worldwide and combined annual sales approaching GBP1
billion
.

Notes:

- As well as Fishworks (acquired in January 2009), Harry Ramsden's
(acquired in February 2010) and now Five Star Fish, Ranjit Boparan owns a
number of successful businesses in the food sector including international
poultry processor 2 Sisters Food Group

- With facilities in the UK, The Netherlands and the USA, 2 Sisters Food
Group supplies most of the leading supermarkets. This new acquisition is seen
as a strategic and complimentary move for Boparan into the fish supply
market, after proven success in poultry processing

- The overall UK seafood market was worth GBP5.4bn in 2007 and is
steadily growing. The retail share of this sector - mainly supermarkets - was
worth GBP2.8bn in 2009, up 4% in each of the last two years. Health benefits
as well as an increase in product quality and variety means that many
industry commentators predict a continuation of this trend

- Five Star Fish Ltd. Is a market leader in supplying the food service
sector - which includes pubs, restaurants and catering - and has a growing
base of retail customers including leading supermarkets. No job losses are
expected as a result of the purchase and the existing management team will
remain with the business

For further media enquiries, please contact +44(0)845-612-5733

For further media enquiries, please contact Glenn Kinsey, Pozitiv Communications on +44(0)845-612-5733 or +44(0)7974-005232 or via glenn at pozitiv.com

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