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Wolv.& Dudley Brews. (WOLV)

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Friday 02 June, 2000

Wolv.& Dudley Brews.


Wolverhampton& Dudley Breweries PLC
2 June 2000

The Wolverhampton & Dudley Breweries plc (W&DB) announces the sale of 174 pubs
to InnSpired Limited, an independent pub-operator funded by Alchemy Partners.

The pubs - all tenanted - are spread over the Midlands, North West and North
East and are surplus to W&DB's requirements following the acquisition in 1999
of Marston Thompson & Evershed plc and The Mansfield Brewery Company plc.

The total consideration is £28.25m of which £27.5m is payable in cash.  The
book value of the assets is £26.290m.  Profits attributable to the outlets are
estimated at £3.02m before central overheads; these figures are based on the
management accounts of the acquired companies.

Net proceeds will be used by W&DB to reduce borrowings.

David Thompson, Managing Director of W&DB, commented: 'This disposal is in
line with our strategy to improve the quality of our estate.  We are pleased
to have achieved good value with this portfolio.'

The Wolverhampton & Dudley Breweries, PLC         Hudson Sandler
David Thompson, Managing Director                 Keith Hann / Andrew Hayes /
Tel:  01902 329517                                Justin Strong
                                                  Tel:  020 7796 4133