AGM Statement

Young & Co's Brewery PLC
13 July 2004





13th July 2004

                         YOUNG & CO.'S BREWERY, P.L.C.

                        Chairman's AGM Trading Statement

In his statement to shareholders at today's AGM, John Young, Chairman of Young &
Co.'s Brewery, P.L.C. made the following comments about current trading:

'Trading across the business in the first quarter has been encouraging, with
growth in beer volumes, sales and profits recorded over the same period last
year. Better economic conditions and the positive benefits of operational
changes implemented in previous years have been the key drivers of this growth
and these have more than offset the additional legislative and regulatory costs
placed on the business.

'We have seen only a very limited benefit to trade arising from the European
Championships, and this occurred only on those days when England were actually
playing.

'Looking ahead, we now move into a period where last year's trading was
benefiting from the excellent summer weather. Nevertheless, we are confident
that we are on track to deliver continued progress.'

For further information:

Stephen Goodyear, Chief Executive
Peter Whitehead, Finance Director
Young & Co.'s Brewery, P.L.C.                           020 8875 7000

James Longfield/John Olsen
Hogarth Partnership                                     020 7357 9477






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