Disposal

Wetherspoon (JD) PLC 10 June 2003 JD WETHERSPOON PLC PRESS RELEASE JD Wetherspoon announces it has exchanged contracts for the Sale of seventeen pubs to The Laurel Pub Company for a cash consideration of £10million. Sixteen of the seventeen pubs were formerly part of brewery estates and the average size is just over half the level of those pubs currently being developed. The pubs have a net asset value of approximately £12.5million. Accordingly, the results for the year ending 31 July 2003 will include an exceptional loss of approximately £2.5million. The disposal will not have a material affect on earnings. Enquiries: Tim Martin Chairman 01923 477777 John Hutson Managing Director 01923 477777 Jim Clarke Finance Director 01923 477777 Eddie Gershon Company Spokesman 0208 352 5012/ 07956 392234 Visit our web site at www.jdwetherspoon.co.uk 9 June 2003 This information is provided by RNS The company news service from the London Stock Exchange
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