Financial results for the 26 weeks ended 28 September 2019 A solid start for our focused premium pubs and hotels business

Financial Highlights

• £164.5 million profit from the sale of the Fuller’s Beer Business • Revenue* up 6% to £174.8 million (H1 2019: £165.0 million)

Comparable basis, excluding the impact of IFRS 16*: • Adjusted profit1 was level at £17.9 million (H1 2019: £17.9 million) • Adjusted earnings per share2 up 1% to 26.17p (H1 2019: 25.83p) • EBITDA3 was £30.2 million (H1 2019: £30.6 million)

Statutory results, post IFRS 16: • Statutory profit before tax for total Group operations of £176.2 million (H1 2019: £20.8 million), after separately disclosed items of £158.2 million • Basic earnings per share for total Group operations of 315.73p (H1 2019: 29.65p • Interim dividend level at 7.80p per ‘A’ and ‘C’ 40p ordinary share (H1 2019: 7.80p)

*Figures are for continuing operations only. Prior year numbers have been restated for the reallocation of central overhead recharges (refer to Note 1)

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