Third Quarter Trading Update

Wetherspoon (JD) PLC 29 April 2005 JD WETHERSPOON PLC Press Release 29 April 2005 THIRD QUARTER TRADING UPDATE Current Trading Like-for-like sales for the third quarter of our financial year (the thirteen weeks ended 24 April 2005) decreased by 2.0% (year to date down 0.5%). Overall sales increased by 2% to £202.9m (year to date up 3% to £606.3m). The net operating margin for the quarter declined by approximately 1% compared to the previous year. Property During the third quarter we opened 6 pubs, bringing the year to date number of openings to 12. We are anticipating opening 1 additional pub in the current financial year. As highlighted as part of our interim results, we have identified 16 pubs for disposal and agreement has now been reached in principle on all of these pubs. Non-Smoking Pubs We brought forward the conversion of the first batch of existing pubs to non-smoking to the 9th March (National Non-Smoking Day) and have now converted 11 existing pubs , as well as opening 6 new pubs on this basis. Although it is early days, trade at the new and converted pubs has been broadly in line with expectations, although initial indications are that a dip in bar sales and an increase in food sales puts some pressure on margins. Given the forthcoming smoking ban in pubs, we will continue with our efforts to maximise sales and profits at these pubs. By the end of May we will have approximately 30 non-smoking pubs and we plan to convert a further 30 in the coming months. A full list of the current non-smoking pubs is attached. Outlook The financial results for the 12 months to the end of July 2005 are currently expected to be in line with analysts expectations and will be announced in early September 2005. Enquiries: Jim Clarke Finance Director 01923 477777 Eddie Gershon Company Spokesman 0208 352 5012/ 07956 392234 Visit our web site at www.jdwetherspoon.co.uk JD WETHERSPOON PLC - Non-Smoking Pubs New Openings Existing Conversions George's Meeting House, Exeter The Old Manor, Bracknell Waterend Barn, St, Albans Pennsylvanian, Rickmansworth Abraham Derby, Merry Hill Centre The Back of Beyond, Reading The Draper's Arms, Peterborough Wetherspoons, Metrocentre, Gateshead The Ivy Wall, Spalding The Welkin, Liverpool Dockle Farmhouse, Swindon The King of Wessex, Bath Moon on the Square, Basildon The Pommeler's Rest, Tower Bridge The Sir John Oldcastle, Farringdon The Good Yarn, Uxbridge The West Gate Inn, Canterbury This information is provided by RNS The company news service from the London Stock Exchange
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