Holding in Company

Young & Co's Brewery PLC
28 September 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

Young & Co's Brewery, P.L.C.

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

UBS Asset Management Limited

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

Shareholder

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

Various Accounts - See schedule below

5)   Number of shares/amount of stock acquired.

-

6)   ( - %) of issued Class

7)   Number of shares/amount of stock disposed

32,100

8)   (1.10%) of issued Class

9)   Class of security

'A' Ordinary Shares of 50p

10)  Date of transaction

Unknown

11)  Date company informed

28.9.00

12)  Total holding following this notification

512,508
               
              
13)  Total percentage holding of issued class following this notification

17.63%

14)  Any additional information

Please note Phillips & Drew Fund Management Limited changed its name to UBS
Asset Management Limited on 17 July 2000

15)  Name of contact and telephone number for queries

Mr. C. J. Taylor   020 8875 7000

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ..28.9.2000


                          Young & Co's Brewery Plc
                    Total Issued Share Capital - 2,906,400

Name                                                              Quantity

City of Edinburgh Council                           A/C LTH4         77,500
Phildrew Nominees Limited                           A/C AO            8,000
Phildrew Nominees Limited                           A/C CC           45,000
Phildrew Nominees Limited                           A/C CE            7,000
Phildrew Nominees Limited                           A/C IA           29,800
Phildrew Nominees Limited                           A/C LF20        124,400
Phildrew Nominees Limited                           A/C NHC          65,000
Phildrew Nominees Limited                           A/C SR           30,000
Phildrew Nominees Limited                           A/C SRB          10,000
Phildrew Nominees Limited                           A/C SH           20,000
Phildrew Nominees Limited                           A/C TW           84,308
Phildrew Nominees Limited                           A/C UM            7,000
Phildrew Nominees Limited                           A/C WP            4,500
                                                                  ---------
                                                                    512,508
                                                                  =========
                                                                     17.63%