Share repurchase proposals

Young & Co's Brewery PLC
14 November 2002



14 November 2002


                 YOUNG & CO.'S BREWERY, P.L.C. (THE 'COMPANY')

Resolutions to provide for repayment of Preference Shares and to permit purchase
                    of 'A' and/or Non-voting Ordinary Shares

The Board believes that it would be in the interests of shareholders to have the
flexibility to purchase the Company's ordinary share capital.

Resolutions will therefore be proposed at an EGM and class meetings of
shareholders scheduled to take place on 17th December 2002 which will:-

i)      provide for repayment of 6% Preference Stock at par plus accrued
        dividend

ii)     provide for repayment of 9% Preference Shares at £1.50 per share
        plus accrued dividend

iii)    take the necessary powers to purchase 'A' and/or Non-voting Ordinary
        Shares and

iv)     make the necessary amendments to the Articles of Association to effect
        these changes.

The Directors have indicated their intention to vote in favour of these
proposals in respect of their beneficial holdings of Ordinary Shares and
Preference Shares.

Guinness Peat Group is fully supportive of these proposals and similarly intends
to vote in favour of the proposals.

The Circular to shareholders outlining these proposals is expected to be posted
shortly.


Enquiries:

Peter Whitehead, Finance Director          Young & Co.'s Brewery, P.L.C.      020 8875 7000
Roger Lambert                              Cazenove                           020 7588 2828
James Longfield                            Hogarth Partnership                020 7357 9477



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