Trading Update-Replacement

Wetherspoon (JD) PLC
29 November 2002



                               JD WETHERSPOON PLC

                                 Trading Update

On 5th November we reported like-for-like sales for the three months to the end
of October 2002 of 5.3% with overall sales increasing by 23%. Profits for the
three month period rose approximately in line with sales.

In the four weeks to 24th November, like-for-like sales increased by 3% with
food sales increasing by 14% and bar sales being level. We estimate that the
reduction in like-for-like sales, combined with the current ratio of food and
some stronger bar offers, were they to continue for the rest of the financial
year, would reduce profit expectations by about 10%.

The majority of pub companies have stopped or reduced their acquisitions of new
sites. We therefore feel that pub property prices should fall and intend to
re-negotiate all the projects currently in the pipeline for which contracts have
not been exchanged. We estimate that this will result in between 50 and 60 pub
openings for the current financial year.

Enquiries:

Tim Martin            Chairman                      01923 477777

John Hutson           Managing Director             01923 477777

Jim Clarke            Finance Director              01923 477777

Eddie Gershon         Company Spokesman             0208 352 5012 / 07956 392234


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

29 November 2002


End


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