Final Results

Heavitree Brewery PLC
15 February 2002

THE HEAVITREE BREWERY PLC



Following a Board Meeting held today, 15 February 2002, the Directors announce
the results and dividends for the year ended 31 October 2001.



These figures do not constitute full accounts within the meaning of S.240 of the
Companies Act 1985. They have been extracted from the statutory accounts for the
year ended 31 October 2001, on which the auditors have issued an unqualified
audit report. The statutory accounts have not yet been delivered to the
Registrar of Companies.


                                                               2001         2000
                                                              £'000        £'000

Turnover                                                    10.298         9,867
                                                          --------      --------
Operating profit                                             1,203         1,508

Profit on sale of tangible fixed assets                        654           251
Income from other fixed asset investments                       11            45
Net interest payable                                          (190)        (181)
                                                          --------      --------
Profit on ordinary activities before tax                     1,678         1,623
Taxation                                                      (305)        (418)
                                                          --------      --------
Profit attributable to shareholders                          1,373         1,205

Dividends
     Non-equity (Preference shares) - paid                      (1)          (1)
Equity (Ordinary and 'A' Limited Voting
Ordinary shares) - paid                                       (202)        (209)
Equity (Ordinary and 'A' Limited Voting
Ordinary shares) - proposed                                   (300)        (311)
                                                          --------      --------
Retained profit                                                870           684
                                                          --------      --------

Basic and Diluted Earnings per share                          23.7p        20.4p



All figures are in respect of Continuing Operations



Dividends:



The Directors propose a final dividend of 5.25p per share (2000 - 5.25p) on the
Ordinary and 'A' Limited Voting Ordinary shares making a total of 8.75p per
share (2000 - 8.75p) unchanged for the year. If approved at the Annual General
Meeting, this dividend will be paid on 18 April 2002 to shareholders on the
register at 1 March 2002.



15 February 2002



END







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