Q1 Trading Update

Wetherspoon (JD) PLC
01 November 2004


                               JD WETHERSPOON PLC
                                 PRESS RELEASE

Q1 Trading Update

JD Wetherspoon today reports that like-for-like sales declined by 0.3% in the
first quarter (13 weeks to 24 October 2004). Overall sales grew by 3% to
£200.5m. Although sales growth has been below par, sales volumes are at their
highest ever level as we continue to offer our customers high standards of
service and competitive prices.

As indicated in our year end results statement, and reported in announcements
from a number of other pub companies, price competition remains considerable and
costs such as utilities and labour have risen sharply.  Our net operating
margins have been affected by these conditions and were approximately 2
percentage points lower for the three month period compared to the same period
last year.

Cash generation remains strong and we are confident that the policies we are
pursuing will improve, over time, our trading profit and underlying cash flow.

We expect to announce our interim results during the early part of March 2005.


Enquiries:

Jim Clarke                Finance Director                     01923 477777
Eddie Gershon             Company Spokesman                    020 8352 5012/
                                                               07956 392234

Visit our web site at www.jdwetherspoon.co.uk

1 November 2004


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