Final Results - Year Ended 31 October 1999

Heavitree Brewery PLC
4 February 2000


Following a Board Meeting held today, 4 February 2000, the Directors  announce
the results and dividends for the year ended 31 October 1999.

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 1999, on which the auditors  have  issued  an
unqualified audit report.  The figures for the year ended 31 October 1998 have
been restated in respect of a prior period adjustment as detailed below.   The
statutory accounts have not yet been delivered to the Registrar of Companies.

                                                        As restated
                                                1999           1998
                                                £000           £000
                                                                   
Turnover                                       9,941          9,846
                                              ------          -----
                                                                   
Operating profit                               2,099          2,098
Exceptional items                                  2            293
Income from other fixed asset investments         14              7
Net interest payable                           (111)          (185)
                                               -----          -----
                                                                   
Profit on ordinary activities before tax       2,004          2,213
Taxation                                       (557)          (633)
                                               -----          -----
                                                                   
Profit attributable to shareholders            1,447          1,580
                                                                   
Dividends                                                          
                                                                   
Non-equity (Preference shares) - paid            (1)            (1)
                                                                   
Equity (Ordinary and 'A' Limited Voting                            
Ordinary shares) - paid                        (207)          (218)
                                                                   
Equity (Ordinary and 'A' Limited Voting                            
Ordinary shares) - proposed                    (317)          (308)
                                               -----          -----
                                                                   
Retained profit                                  922          1,053
                                               -----          -----
Basic and Diluted Earnings per share           24.2p          25.4p


Dividends:
The Directors propose a final dividend of 5.25p per share (1998 - 5.0p) on the
Ordinary  and 'A' Limited Voting Ordinary shares making a total of  8.75p  per
share  (1998 - 8.5p) an overall increase of 2.9 per cent. in the dividend  for
the  year.  If approved at the Annual General Meeting, this dividend  will  be
paid on 6 April 2000 to shareholders on the register at 3 March 2000.

Prior Period Adjustment
The Group has previously revalued the freehold property portfolio.  It has now
decided not to continue with a policy of revaluation but to state these assets
at  historical  cost.  This change in accounting policy has no effect  on  the
profit  and  loss  account in the current year.  The  impact  on  1998  is  to
increase  the profit on disposal of fixed assets by £30,000.  The  revaluation
reserve  in  respect  of  these assets, amounting  to  £20,412,000,  has  been
reversed.