Holding in Company

Young & Co's Brewery PLC
22 August 2001



                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

YOUNG & CO'S BREWERY PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

UBS ASSET MANAGEMENT LTD & PHILLIPS & DREW LIFE LTD


3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

SHAREHOLDER


4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

SHAREHOLDER PREPARED - SEE SCHEDULE BELOW


5)   Number of shares/amount of stock acquired.



6)   (    %) of issued Class

7)   Number of shares/amount of stock disposed

55,300


8)   (1.9%) of issued Class

9)   Class of security

'A' ORDINARY 50P SHARES


10)  Date of transaction

NOT KNOWN


11)  Date company informed

20 AUG 2001


12)  Total holding following this notification

434,208

               
13)  Total percentage holding of issued class following this notification

14.94%


14)  Any additional information



15)  Name of contact and telephone number for queries

MR C.A. SANDLAND
020 8875 7000


16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ....21 AUG 2001....................


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

                 TOTAL ISSUED SHARE CAPITAL - 2,906,400

NAME                                                            QUANTITY

CITY OF EDINBURGH COUNCIL                A/C LTH4                77,500
NORTHERN TRUST CO                        A/C NTH1                65,000
PHILDREW NOMINEES                        A/C CE                   7,000
PHILDREW NOMINEES                        A/C IA                  29,800
PHILDREW NOMINEES                        A/C LF20                99,100
PHILDREW NOMINEES                        A/C SR                  30,000
PHILDREW NOMINEES                        A/C SRB                 10,000
PHILDREW NOMINEES                        A/C SH                  20,000
PHILDREW NOMINEES                        A/C TW                  84,308
PHILDREW NOMINEES                        A/C UM                   7,000
PHILDREW NOMINEES                        A/C WP                   4,500


                                                                434,208

                                                                 14.93%