Disposal

Fuller,Smith&Turner PLC
12 December 2006



12 December 2006


                        Fuller Smith & Turner P.L.C.
                           Disposal of Hotel Site


Fuller Smith & Turner P.L.C. ("Fuller's" or "the Company") today announces that
Tesco Stores Limited has exercised its option to acquire Fuller's freehold and
leasehold interests in the Master Brewer Hotel site at Hillingdon, West London,
for a total cash consideration of £18.5m.


The 105-bedroom Master Brewer Hotel has been trading on this site since 1969.
The net book value at 30 September 2006 was £4.86m and losses in the six month
period to 30 September 2006 were £0.03m.


An exceptional pre-tax profit of approximately £13.2m will be generated, the
majority of which is unlikely to give rise to a corporation tax liability under
current legislation due to the anticipated availability of roll over relief. The
profit on the sale will incur a deferred tax liability under IFRSs.


The consideration payable in cash will be used in the medium-term to acquire
additional sites for the Fuller's estate currently comprising 363 pubs
and hotels and, in the short-term, to reduce debt. The disposal will be earnings
enhancing.


The sale will allow Fuller's Inns to retain its focus on its more
traditional pubs and hotels business comprising its remaining six hotels and the
17 pubs with bedrooms, which form part of the recently combined Fuller's/Gales
estate.


                                    - Ends -


For further information please contact:


Fuller Smith & Turner P.L.C.
Press Office:   020 8996 2048
                Mob: [phone]
                Email: [e-mail]
Michael Turner (press): 020 8996 2048
Paul Clarke (analysts): 020 8996 2048


Merlin 020 7653 6620
Vanessa Maydon 07802 961 902






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