Preliminary Announcement

Heavitree Brewery PLC
13 February 2003

The Heavitree Brewery PLC
Trood Lane
Matford
Exeter
Devon  EX2 8YP


Telephone: [phone]
Contact: Mr G.J.Crocker - Finance Director & Company Secretary
Date: 13 February 2003



Preliminary Notice of Results


Following a Board Meeting held today, 13 February 2003, the Directors announce
the results and dividends for the year ended 31 October 2002.



These figures do not constitute full accounts within the meaning of S.240 of the
Companies Act 1985. They have been extracted from the statutory accounts for the
year ended 31 October 2002, on which the auditors have issued an unqualified
audit report. The statutory accounts have not yet been delivered to the
Registrar of Companies.



                                            2002    2001  
                                            £000    £000  

Turnover                                    11911   10298 

Operating Profit                            875     1203  

Profit on sale of tangible fixed assets     279     654   
Income from other fixed asset investments   11      11    
Net interest payable                        -192    -190  

Profit on ordinary activities before tax    973     1678  
Taxation                                    -247    -305  
Profit attributable to shareholders         726     1373  

Dividends                                                 
Non-equity (Preference Shares) - paid       -1      -1    
Equity (Ordinary and 'A' Limited Voting                   
Ordinary Shares) - paid                     -209    -209  
Equity (Ordinary and 'A' Limited Voting                   
Ordinary Shares) - proposed                 -313    -313  
Less dividends on shares held within                      
Employee Share Schemes                      22      20    

Retained profit                             225     870   

Basic and Diluted Earnings per share        12.8p   23.7p 




All figures are in respect of Continuing Operations



Dividends:

The Directors propose a final dividend of 5.25p per share (2001 - 5.25p) on the
Ordinary and 'A' Limited Voting Ordinary Shares making a total of 8.75p per
share (2001 - 8.75p) unchanged for the year. If approved at the Annual General
Meeting, this dividend will be paid on 09 April 2003 to shareholders on the
register at 28 February 2003.









13 February 2003





Ends.




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