Half-yearly Report

Young & Co's Brewery PLC
                  

                          Young & Co.'s Brewery, P.L.C.

                   International Financial Reporting Standards

Tomorrow, the group will be issuing its interim results for the 26 weeks ended
29 September 2007. These will be the first financial statements prepared under
International Financial Reporting Standards (IFRS).

The detail behind the IFRS adjustments on the 2007 financial information is in a
separate document called "Restatement of financial information to International
Financial Reporting Standards (IFRS)". A copy of this document can now be
downloaded from the investor relations section of the group's website -
www.youngs.co.uk. Photocopies are also available from the Company Secretary on
request.

There is no material impact on the income statement as a result of IFRS. The
major impacts of the new standards, as highlighted in the 2006/7 annual report,
are on the group's balance sheet where the net assets have been restated for the
effect of the deferred tax on the group's revalued property and the tax payable
on the capital gain on the sale of the brewery and Buckhold Road sites. These
liabilities would become payable only if the group were unable to invest the
proceeds from the sale of these sites into replacement assets.

For further information, please contact:

-0-
*T
Young & Co.'s Brewery, P.L.C                 020 8875 7000
Peter Whitehead, Finance Director
*T