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Wolv.& Dudley Brews. (WOLV)

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Monday 13 August, 2001

Wolv.& Dudley Brews.

Offer Update

Wolverhampton& Dudley Breweries PLC
13 August 2001
     This announcement is not for release or distribution in or into the      
                  United States, Canada, Australia or Japan                   

              THE WOLVERHAMPTON & DUDLEY BREWERIES, PLC ('W&DB')              

W&DB notes the announcement today by Pubmaster that its offers to acquire W&DB
have lapsed.

Commenting on the announcement, David Thompson, Chairman of W&DB said

'We are delighted that the majority of our shareholders have rejected
Pubmaster's offer and have backed management in its plans for the business. 
Over the last few months, we have set out clear objectives for the development
of W&DB and we are happy to be judged on our achievement of these.  Now that
the uncertainty created by the 12 month offer period has ended, we look
forward to concentrating on our main task of delivering shareholder value.' 

The Wolverhampton & Dudley Breweries, PLC                             
David Thompson                                  Telephone: 01902 329508
Ralph Findlay                                   Telephone: 01902 329530

N M Rothschild & Sons                           Telephone: 020 7280 5000
Crispin Wright
Avi Goldberg                                                                  
Hudson Sandler                                  Telephone: 020 7796 4133
Keith Hann       
Andrew Hayes
N M Rothschild & Sons Limited, which is regulated in the UK by The Securities
and Futures Authority Limited, is acting exclusively for W&DB and no one else
in connection with the Offers and will not be responsible to anyone other than
W&DB for providing the protections afforded to customers of N M Rothschild &
Sons Limited or for providing advice in relation to the Offers.

The Directors of W&DB accept responsibility for the information contained in
this announcement.  To the best of the knowledge and belief of the Directors
of W&DB (who have taken all reasonable care to ensure that such is the case)
the information contained in this announcement is in accordance with the facts
and does not omit anything likely to affect the import of such information.