Trading Statement

Wetherspoon (JD) PLC
04 November 2003

                               JD WETHERSPOON PLC
                                 PRESS RELEASE

4 November 2003

                              Q1 TRADING UPDATE

Sales in the 13 weeks to 26 October 2003 were £193.9 million (2002: £173.5
million), an increase of 12 per cent.  Like for like sales increased by 4.2 per
cent.  Operating margins declined by approximately 0.5 per cent. compared to the
same period last year.  3 pubs opened in the quarter bringing the total to 638.

Property

The Company has now exchanged contracts on the disposal of a site which it no
longer intends to develop.  This has resulted in a book loss of approximately
£600,000, £100,000 more than the provision made in last year's accounts. The
Company is in discussions concerning the potential disposal of a further ten
properties which, if completed, would result in a loss against book value of
approximately £3.5 million.

Summary

The Company has so far performed in line with expectations in spite of the costs
and regulatory issues outlined in our year end results announcement in September
2003.

The Company expects to announce its interim results during the early part of
March 2004.


Enquiries:

Jim Clarke         Finance Director         01923 477777/
                                            07970 477299

Eddie Gershon      Company Spokesman        0208 352 5012/
                                            07956 392234


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


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