Acquisition

Fuller,Smith&Turner PLC
26 June 2000


              FULLER'S FURTHER DEVELOPMENTS AT ENGLISH INNS HOTELS

Fuller Smith & Turner P.L.C. ('Fuller's') the London based brewer and retailer
is purchasing from Unistar Properties Ltd for £4.6m, a turn of the century
freehold office building at 130-135 Minories, EC3 in the City of London. 
Fuller's will be investing a further £5.1 million to create a 64-bedroom hotel
with a large branded Ale and Pie pub situated on the ground floor. The purchase
completes on the 6th July 2000 and the hotel and pub are due to open in
September 2001.

This forms part of a £20M investment over the next two years in the very
successful English Inns hotels brand. All the investments will be freehold and
the funding will be provided by cash raised from the sale of the Fuller's wine
shops and stock (£8.05M) the freehold properties (we expect approximately £5M)
and the sale of the Master Robert Hotel (£6.7M). This is part of the Company's
strategy to invest further into its existing and successful hotel estate, and it
will take place alongside and be additional to, the existing investment
programme in the bars and Fuller's traditional pubs as well as its brewery.

The English Inns hotel properties are situated in key locations such as London's
Westminster, the South bank, two minutes walk from the new Tate Modern and a
property close to Le Shuttle in Kent. Construction began in May 2000 on Fuller's
stunning new 118 bedroom waterside site, situated in the centre of Bristol.

Simon Emeny, retail director of Fuller's Inns comments: 

'Fuller's has successfully been running hotels for over thirty years and the
profits from these have been an important ingredient in the Company's success. 
The Minories acquisition is a precise fit for the hotels division. We know that
the combination of a traditional and high quality Ale & Pie pub within our
English Inns hotel brand works very well.  The proof is in our two existing
central London hotels - The Mad Hatter, SE1 and Sanctuary House, SW1 - which
consistently have over 90% occupancy with flourishing food and drink sales. The
acquisition of the Minories will give us our third hotel in a prestigious and
popular location in the centre of London.'

Michael Turner, Fuller's managing director comments:

'Fuller's is committed to being the benchmark in brewing and retailing. This
acquisition forms part of the re-focusing of the company on its core strengths.
We have re-cycled capital from our non-core wine shops as well as the Master
Robert Hotel, which no longer fits our hotel strategy, The funds from these
sales have been invested in several exciting developments, all of which will
have a large integrated pub and bar.  English Inns hotels target a niche market
catering to an affluent client base offering good value, atmosphere and comfort
with an extensive food and beverage operation. All English Inns developments are
vigorously researched to ensure that returns achieve the demanding targets
required. We have been very encouraged by the results achieved to date.'


Editors Note

Fuller's currently has 97 pubs, 24 bars and 106 tenancies in London and the
South East.

Fuller's investment in the hotels estate will currently bring the total number
of rooms to 476 by March 2002. Current number of rooms is 351*

*Includes 94 rooms at the Master Robert Hotel which sale is due to complete on
the 19 July 2000.


For further press information please contact:

The Fuller's Press Office 
Tel: [phone] 

e-mail: [e-mail]

Other Fuller's Hotels include

'The Sanctuary House' Hotel and Pub
London SW1
[phone]

'The Mad Hatter' Hotel & Pub
London SE1
[phone]

Fox & Goose Hotel
Ealing
[phone]

Pilgrims Rest Pub & Hotel
Ashford, Kent
[phone]

The Master Brewer Hotel
Hillingdon
[phone]