Chairman's AGM Trading Stmt

YOUNG & CO'S BREWERY PLC
20 July 1999


              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:

'The benefits of our strategy continue to bear fruit  and
I  am pleased to report that trading during the first  13
weeks has been encouraging.  Volumes, turnover and profit
are  all ahead of the same period last year, with  strong
performances  from the free trade and from  the  brewery,
which   is  benefiting  from  the  brewing  and  bottling
contracts secured at the beginning of this calendar year.

'We  continue  to pursue opportunities for expanding  our
retail estate and anticipate further acquisitions and new
openings  during  the course of the year.   Finch's,  our
recently  opened contemporary bar in Finsbury Square,  is
trading  well  and we are progressing our plans  to  open
three  more  sites  in  central  Oxford,  Chelmsford  and
Slough.

'We  also continue to take steps to build on our  success
in  the  take  home  market, and in  June  this  year  we
acquired  Waggle  Dance, a leading national  bottle  beer
brand,  from Vaux.  This acquisition will help to further
increase our penetration into this important market.

'In  light  of  the  results to date  and  the  continued
implementation  of  our strategy, we are  confident  that
Young's will make further progress in the year ahead.'

                            
For further information:

Patrick Read, Chief Executive
Young & Co's Brewery                    0181 875 7000

James Longfield/John Olsen
Hogarth Partnership                     0171 357 9477