Holding(s) in Company

Young & Co's Brewery PLC
                  

Stock Exchange Announcement

Notification of Interest in Shares - section 198 Companies Act 1985
Notification of Change in Directors' Interests - section 324 Companies Act 1985

Young & Co.'s Brewery, P.L.C. ("the Company")

1. On 17 December 2003, Ram Brewery Trustees Limited was appointed a trustee of
the Ram Brewery Trust and Mr John Young and Mr James Young (who are Directors of
the Company) and Mr Thomas Young thereafter retired as trustees.

2. Consequent upon the appointment and retirements above mentioned and also on
17 December 2003, the Company received the following notifications given in
accordance with section 198 Companies Act 1985:-

(a) from Mr John Young, Mr James Young and Mr Thomas Young that they had ceased
to be interested in the under-mentioned securities in their capacity as trustees
of the Ram Brewery Trust; and

(b) from Ram Brewery Trustees Limited that they were interested in the
under-mentioned securities in their capacity as trustee of the Ram Brewery
Trust.

The securities above referred to are as follows:-


Class of shares                 No. of shares       Percentage holding of
                                                            class
A Ordinary shares
Listed securities                       4,988                    0.16%
B Ordinary shares
Unlisted Securities                 1,887,400                   45.76%


Total no. of voting shares 1,892,388

Percentage of voting shares 26.04%

The transfer of shares to the new trustee was for nil consideration. The
above-mentioned shares are or will be registered in the name of Ram Brewery
Trustees Limited with the exception of 386,700 B Ordinary shares which are held
in relation to the Ram Brewery Trust Pension Account and registered in the name
of Chase (GA External Pension Nominees) Limited.

3. On 17 December 2003, the Company also received notifications given in
accordance with section 324 Companies Act 1985 from each of Mr John Young and Mr
James Young that, consequent on his retirement as a trustee, he had ceased to be
interested in his capacity as trustee of the Ram Brewery Trust in the above
mentioned securities and additionally in 3,596 Non-Voting Ordinary Shares in the
capital of the Company but is deemed to remain interested in such securities in
accordance with the provisions of the Companies Act 1985 because he remains
within the class of potential beneficiaries under the Ram Brewery Trust, as do
the other executive directors of the Company, in common with other employees.

4. The Ram Brewery Trust Pension Account provides benefits to pensioners and
dependants principally in relation to service before the commencement of the
Company's main pension schemes. The Ram Brewery Trust General Account exists to
promote the involvement of employees of the Company in its affairs. The trust
holds assets and makes payments to or for the benefit of employees principally
in connection with the Company's profit-sharing scheme for eligible employees.
Members of the scheme are allocated notional shares of the Company on the basis
of their entitlement, after deductions of income tax and national insurance. The
members are not entitled to actual shares, but receive income arising from their
notional share allocations and a cash sum equivalent to the market value of such
shares on the date at which they reach normal retirement age. The General
Account also holds shares in respect of the directors' share option scheme.

5. Ram Brewery Trustees Limited is a corporate trustee. Its initial directors
are the retiring trustees, namely Mr John Young, Mr James Young and Mr Thomas
Young. It is not a subsidiary of the Company but its shares are held by persons
who are directors the Company. At the date hereof the following all hold one
ordinary share of £1 in the capital of Ram Brewery Trustees Limited: Mr Stephen
Goodyear, Mr James Young, Mr Christopher Sandland, Mr Torquil Sligo-Young, Mr
Peter Whitehead, Mr Patrick Dardis, Mr Roy Summers and Mr Brian Palmer.

C A Sandland
Director & Company Secretary
Young & Co.'s Brewery, P.L.C.
020 8875 7000