AGM Statement

Young & Co's Brewery PLC
16 July 2002


                                                                            16th
                                                                       July 2002


                         YOUNG & CO.'S BREWERY, P.L.C.

                        Chairman's AGM Trading Statement


In his statement to shareholders at today's AGM, John Young, Chairman of Young &
Co's Brewery PLC made the following comments about current trading:



'Trading during the first quarter has been mixed, with continued economic
uncertainty, reduced tourism levels and the appalling summer weather to date
offsetting the uplift some of our pubs experienced from the Jubilee weekend and
the World Cup.



'Investment in the business continues.  Since the year-end we have purchased the
freehold interest in four of our leasehold properties and acquired a managed
pub, Dunstan House in Burnham on Sea.



'Whilst the economic outlook remains unclear it is too early for us to be
predicting the outcome for the year as a whole.  We are confident, however, that
the continued implementation of our strategy and our focus on producing high
quality ales, will give us the best possible platform to meet any challenges
head on.'





For further information:

Patrick Read, Chief Executive                                      020 8875 7000
Peter Whitehead, Finance Director
Young & Co's Brewery, P.L.C.


James Longfield/Chelsea Hayes                                      020 7357 9477
Hogarth Partnership







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