Notice of EGM

Young & Co's Brewery PLC
31 January 2002


For immediate release                                            31 January 2002



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

                                 Notice of EGM


The Board of Young & Co.'s Brewery, P.L.C. today announces that it has posted a
notice to shareholders convening an Extraordinary General Meeting of the Company
to be held at The Brewery Tap, Wandsworth High Street, Wandsworth, London SW18
on 22 February, 2002 at 10.30 a.m.  The purpose of this meeting is to consider
and, if thought fit, pass resolutions to enable the Trustees of the Ram Brewery
Trust Pension Fund to sell a limited number of B shares as A ordinary shares and
to make various changes to update the Company's Articles of Association.

In his letter to shareholders accompanying the EGM notice, John Young, Chairman
of Young's, explained the background to the EGM:

'The Board has been approached by the trustees of the Ram Brewery Trust Pension
Fund, which is a pension scheme for a number of former employees.  The assets of
this Fund are principally B shares in the Company, which are unlisted voting
shares ranking pari passu with the Company's listed A shares.  The value of the
Fund's assets are sufficient to meet its liabilities, but under pensions
legislation due to take effect on 5th April this year, part of its holding of B
shares is required to be sold and replaced with other investments.  An
alternative course of action, to enable compliance with the pensions
legislation, would be for the Company to make a significant contribution to the
Fund - a measure which would not make financial sense given that the Fund
already has sufficient assets, and which the Board does not believe would be in
the best interests of shareholders as a whole.  This is not an issue for the
Staff and Works schemes, which are the Company's main schemes for making pension
provision for its employees, as they already comply with the legislation.

To assist the Trustees in meeting this requirement, the Board proposes to
provide for up to 290,000 B shares (representing just under 10% of the A shares
in issue) to be converted into A shares for which admission will be sought for
listing to enable them to be traded on the London Stock Exchange.  The Board
anticipates that this proposal will facilitate the sale of shares by the Fund,
thereby enabling the Fund to meet the requirements of the pensions legislation
without an injection of funds by the Company.

Because of the timing of the pensions legislation, it was not possible to wait
until the next Annual General Meeting in order to effect the necessary changes
to the Company's Articles.  Having convened the Extraordinary General Meeting,
however, we have also taken this opportunity to review and update our Articles
in line with current best practice.  These changes are minor in nature and
reflect our changing regulatory environment, for example providing for
electronic communications with shareholders.'



                                    - ends -


For further information:

Chris Sandland, Director & Company Secretary
Peter Whitehead, Finance Director
Young & Co's Brewery P.L.C.                                      020 8875 7000

James Longfield
Hogarth Partnership                                              020 7357 9477



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