Sale of Brigstow Hotel

Fuller,Smith&Turner PLC
03 October 2006



3 October 2006


                         FULLER, SMITH & TURNER P.L.C.

                      Sale of The Brigstow Hotel, Bristol


Fuller, Smith & Turner P.L.C. ("Fuller's") announces today that it has exchanged
contracts with a company within the Pedersen Group (the "Acquirers"), to sell
The Brigstow Hotel for £17.09m. The Acquirers run several specialised hotel
operations in the UK, sometimes leased out to other hotel groups.


The four-star Brigstow Hotel has been very successful since it opened in August
2001. It has consistently performed well and has an excellent reputation.


The hotel, located in Bristol, was a unique development for Fuller's but it is
unlike any other hotel in the Fuller's estate. Therefore, having received a good
offer for the hotel, Fuller's believes it is the right time to sell it.


The disposal will allow Fuller's Inns to retain its focus on the more
traditional pubs and hotels market, including the 21 hotels and accommodating
inns, which form part of the recently combined Fuller's/Gales estate.


Completion of the hotel sale is expected to be on 31 October 2006. The
consideration, which will be payable in cash, will be used in the medium-term to
acquire additional sites for the Fuller's estate currently comprising 361 pubs
and hotels and, in the short-term, to reduce debt.


The Brigstow's net book asset value and profits in the financial year to 1st
April 2006 were £9.3m and £0.7m respectively. An exceptional pre-tax profit of
approximately £7.5m will be generated which, owing to the anticipated
availability of roll over relief, will only have a deferred tax liability under
IFRSs.


Michael Turner, Chief Executive of Fuller's, said:


"The acquisition of Gales has provided us with the opportunity to review our
estate with a view to selectively unlocking value from our significant asset
base. As a result, we believe this is the optimum time for us to sell this
unique hotel. The disposal of The Brigstow will allow us to realise substantial
value for our shareholders while maintaining our focus on our core offering and
our strategy of long-term growth. "





For further information, please contact:

Fuller, Smith & Turner P.L.C.                   020 8996 2048
Michael Turner, Chief Executive                 Press
Simon Emeny, Managing Director Fuller's Inns    Press
Paul Clarke, Finance Director                   Analysts
Press Office ([e-mail])                 07831 299 801 / 07748 657 854

Merlin                                          020 7653 6620
Rebecca Penney                                  07795 108 178
Vanessa Maydon                                  07802 961 902




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