Information Memorandum

Whitbread PLC 30 November 2000 Whitbread PLC Information Memorandum on Pubs and Bars Division The Board of Whitbread announces that it is today issuing an information memorandum on its Pubs and Bars Division. Since the announcement last month that Whitbread proposed to maximise value for shareholders by unlocking the full value of its Pubs and Bars Division and returning approximately 75 per cent. of the net proceeds to those shareholders, it has received approaches from a significant number of third parties. Given the level of interest, the information memorandum is being sent only to selected parties who have expressed an interest to acquire all or a significant part of the pubs and bars businesses. Whitbread is seeking initial responses from these potential buyers by early in the New Year. A further announcement will be made in due course. The Chairman of Whitbread, Sir John Banham, said: 'The degree of interest shown by prospective purchasers is testament to the quality of the earnings and the management of Whitbread's pubs and bars businesses, which continue to outperform the market. This is good news for Whitbread shareholders.' Enquiries: Whitbread PLC David Reed +44 (0)20 7615 1324 Jeremy Probert +44 (0)20 7615 1445 Dresdner Kleinwort Benson +44 (0)20 7623 8000 David Barclay Nigel Binks Gavin Anderson & Company +44 (0)20 7457 2345 Fiona Grant Duff Laura Hickman Kleinwort Benson Limited ('Dresdner Kleinwort Benson'), which is regulated in the United Kingdom by the Securities and Futures Authority Limited, is acting for Whitbread and for no one else in relation to the matters discussed herein and will not be responsible for anyone other than Whitbread for providing the protections afforded to its customers or for providing advice in relation to the matters discussed herein.

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