Result of GPG Resolutions

Young & Co's Brewery PLC
16 July 2002


                                                                    16 July 2002


                         YOUNG & CO.'S BREWERY, P.L.C.


GUINNESS PEAT'S RESOLUTIONS REJECTED AGAIN

At the Annual General Meeting of Young & Co's Brewery PLC held earlier today,
the special resolutions proposed by Guinness Peat, which owns 10% of the voting
shares, were overwhelmingly rejected by shareholders.

Set out below are the voting proxies received by the Company in respect of
Guinness Peat's resolutions.

                                For                                        Against
 Resolution       A Shares    B Shares       Total      %    A Shares     B Shares        Total       %

      6           1,063,027      0        1,063,027    19     427,072     4,091,048     4,518,120    81
      7             798,395      0         798,395     14     691,782     4,091,048     4,782,830    86
      8           1,072,869      0        1,072,869    19     415,081     4,091,048     4,506,129    81
      9           1,074,864      0        1,074,864    19     406,561     4,091,048     4,497,609    81



Commenting on the result, John Young, Chairman of Young's said:

'This is now the third time that Guinness Peat has put forward resolutions to
enfranchise the non-voting shares and on each occasion they have been
resoundingly defeated.  With only around one 'A' shareholder in 9 supporting
them, it is clear that Mr Nixon does not speak for the majority of non-family
shareholders as he claims.  Excluding Guinness Peat's own shareholding, holders
of only 2% of the 'A' shares supported the proposal for Blake Nixon's election
to the Board.

'I believe the message from all shareholders to Guinness Peat is clear.  The
continual refusal by Mr Nixon to accept the will of the majority is winning him
no friends.'


For further information:

Christopher Sandland, Company Secretary                      020 8875 7000
Young & Co's Brewery, P.L.C.


James Longfield/Chelsea Hayes                                020 7357 9477
Hogarth Partnership



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