Chairman's Statement

Young & Co's Brewery PLC
18 July 2000

                    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 PLC made the following comments about current
trading:

'Trading during the first 13 weeks has been encouraging,  with  beer
volumes ahead of the same period last year, mainly due to the brewing
contracts  which we secured last year.  Production of our own beers
has held up  well considering the poor summer weather.  We are
encouraged  by  the strong early sales of Triple 'A' our new mid-
gravity ale, which is already establishing  itself as a popular
addition to our product range in our own pubs and is making
considerable headway in the free trade.

'We have recently completed the refurbishment and  opening  of  our
latest  Finch's bar in Wimbledon, where trading during the  Wimbledon
fortnight  has  been exceptional.  We have also almost completed  the
refurbishment  of two of our pub hotels, the Pope's  Grotto  and  the
Greyhound,  and  the bars are now open and trading well.   These  two
sites add a further 53 rooms to our estate making a total of 282 beds
and  continue  our  strategy  of seeking  to  maximise  returns  from
existing  assets.  We continue to pursue opportunities for  expanding
our retail estate and anticipate further acquisitions, refurbishments
and new openings during the course of the year.

'Whilst it is still very early in our financial year to be predicting
the  outcome for the year as a whole, particularly in the absence  of
any  sign  of  when  summer might arrive, we are confident  that  the
continued implementation of our strategy will enable Young's to  make
further progress in the year ahead.'

                                  
For further information:

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

James Longfield/John Olsen               020 7357 9477
Hogarth Partnership