Chairman's AGM Stmt - Extract

FULLER, SMITH & TURNER PLC
22 July 1999


Extract of the Chairman's statement to be made at the Annual General Meeting
held today, 22 July, 1999.

Fuller's continues its significant investment programme in
its retail pub business. Since the beginning of our
financial year in April we have opened five new outlets and
refurbished four.  Four more outlets will be opening between
now and December and other substantial developments are
awaiting planning permission.  Of the five outlets already
trading, the Fine Line Clapham has got off to an encouraging
start, and the two further Broadwalks opened in Port Solent
and Slough continue to perform well, as does the Broadwalk
opened last year in Reading.  We have two further new bars:
Vesbar in Shepherds Bush, serving an eclectic mix of food
and drink and the One of Two in the City of London on the
corner of Old Broad Street and London Wall, a bar/restaurant
operating on three floors.  Two more Fine Lines will be
opening in the city within the next few months and another
bar operation in Balham, Bar Interlude, will be ready to
trade from October 1999.  An Ale & Pie pub (The Butcher's
Hook and Cleaver) is also scheduled to open in West
Smithfield in November.

Fuller's Inns total sales, including the contribution from
the number of outlets we opened last year are up 33% to
date.  Like for like turnover is up 2.6% (1998: 4%).

Fuller's Beer Company's total volumes are up 5% (1998: 6%)
and another London Pride advertising campaign will be
commencing shortly.

Our Wines Division retail shops have seen sales since the
year-end increase on a like for like basis by 7% and total
wholesale wine sales are up 28%.

As I said in our recently published Annual Report &
Accounts, this year we will be incurring extra costs of
£500,000 through the Working Time Directive and Minimum Wage
legislation, however we do expect progress to be made again.
I am pleased, therefore, to report that the year has started
well.


For further information contact:

A G F Fuller CBE
Chairman

Michael Turner
Managing Director

Paul Clarke
Finance Director

Telephone: [phone]