AGRI-NUTRITION GROUP REPORTS SECOND QUARTER RESULTS.

MARYLAND HEIGHTS, Mo.--(BUSINESS WIRE)--June 7, 1996-- Agri-Nutrition Group Limited (Nasdaq/NM:AGNU) today announced financial results for the quarter and six months ended April 30, 1996.

For the quarter ended April 30, 1996, net sales were $9.3 million, a 61.5% increase over net sales of $5.8 million for the quarter ended April 30, 1995. Higher margin specialty product sales increased by 76.3% to $7.7 million, or 83.1% of total sales for the second quarter of 1996, versus $4.4 million, or 76.1% of total sales in the same quarter of last year. Gross profit for the quarter ended April 30, 1996, was $2.1 million, a 155.1% increase over the prior year's $800,000. Company operating profit was $149,000 versus a loss of $55,000 last year. Net income for the second quarter of 1996 was $32,000 compared with net income of $118,000 for the year earlier period due primarily to increased net interest and tax expense in the current quarter.

For the six months ended April 30, 1996, net sales were $17.6 million, a 45.2% increase over net sales of $12.1 million for the year-earlier period. Gross profit for the six months ended April 30, 1996, was $3.6 million, a 179.5% increase over the prior year's $1.3 million. The Company's loss from operations of $78,000 improved over last year's loss of $274,000. Net loss for the first half of 1996 was $144,000 compared with net income of $8,000 for the year-earlier period.

W. M. Jones, Jr., chairman and chief executive officer of Agri-Nutrition Group Limited, said, "We are pleased with our sales growth and improvement in operating profit in the second quarter and first six months of our fiscal year. We are making strides in creating operating synergies among our three subsidiaries, and we are pleased with the new products which we have introduced. We continue to be impressed by the opportunity we have to access the growing pet and companion animal industry. In a recent cover story, Barron's stated that `Americans lavish an outstanding $20 billion a year on their beloved household pets...and the cost of caring for them is rising by as much as 15% per year, making the pet industry one of the fastest growing segments of the U. S. economy.'"

The Company recently announced the signing of an agreement in principle to purchase the worldwide patents, active ingredient inventory, registrations and rights to bromethalin, a highly effective and proprietary rodenticide serving agricultural and Pest Control Operator (PCO) markets. Included in the purchase will be substantially all assets of Earth City Resources, Inc., a Purina Mills subsidiary which markets products under the Trounce and Farmgard brand names.

In closing, Mr. Jones said, "We continue to believe that this is an auspicious time for the emergence of our company, and we are confident that we are well positioned to benefit from America's increasing preoccupation with their pets. We are working diligently to improve the operation of our existing businesses, and we are actively pursuing complementary acquisitions which will bring added strength to our company."

Agri-Nutrition Group Limited was founded in 1993 to acquire and operate businesses in the domestic and international food, agriculture and pet industries. The Company has acquired and now operates three companies; PM Resources, Inc., Zema Corporation and St. JON Laboratories, Inc., which companies produce or market a wide variety of nutritional, health and grooming products for the pet and animal health industry. The integration of these companies produces certain operating synergies, creating a platform for significant internal expansion. In addition, the Company is actively pursuing other complementary acquisition opportunities. -0-

                    AGRI-NUTRITION GROUP LIMITED
                   UNAUDITED FINANCIAL HIGHLIGHTS
       (amounts in thousands except share and per share data)

                             Three Months Ended    Six Months Ended
                                 April 30,             April 30,
                              1996       1995       1996       1995
Net sales                  $  9,296   $  5,758   $ 17,595    $12,120
Gross profit                  2,056        806      3,553      1,271
Operating profit before
 corporate expenses             629        453        874        673
Total operating profit (loss)   149        (55)       (78)      (274)
Net income (loss)                32        118       (144)         8
Net income (loss) per share      --        .01       (.02)        --
Weighted average shares
 outstanding              9,009,721  9,099,730  8,401,344  9,129,248

CONTACT: Agri-Nutrition Group, Maryland Heights

George Daignault, 314/298-7330