Holding in Company

Young & Co's Brewery PLC
8 February 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

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

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     PHILLIPS & DREW LIFE 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.

     PHILDREW NOMINEES LIMITED  A/C LF20

5)   Number of shares/amount of stock acquired.

     -

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     8,200

8)   (0.3%) of issued Class

9)   Class of security: 

     'A' ORDINARY SHARES

10)  Date of transaction

     UNKNOWN

11)  Date company informed

     8.2.2001

12)  Total holding following this notification

     116,200
               
              
13)  Total percentage holding of issued class following this notification

     3.99%

14)  Any additional information

     PREVIOUSLY REPORTED AS PART OF HOLDINGS OF UBS ASSET MANAGEMENT LIMITED ON 
     28.9.2000

15)  Name of contact and telephone number for queries

     MR. C. A. SANDLAND: 020 8875 7000

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

     Date of Notification: 8.2.2001