Recommended cash offers for Jennings Brothers plc
27 April 2005

Not for release, publication or distribution in whole or part in or into Canada, Australia or Japan

The Wolverhampton & Dudley Breweries, PLC ("W&DB")

Recommended cash offers for Jennings Brothers plc ("Jennings")

The boards of directors of W&DB and Jennings are pleased to announce that they have reached agreement on the terms of recommended cash offers for Jennings.

The Ordinary Offer will be 430 pence in cash for each Jennings Ordinary Share, valuing Jennings’ existing issued ordinary share capital at approximately £45.8 million. The Ordinary Offer Price is inclusive of any final dividend that Jennings would otherwise have paid, in the absence of the Offers.

McQueen Limited acted as debt adviser to W&DB.

For further information please contact

George Fleet
McQueen Limited
020 7484 8800

This summary should be read in conjunction with the full text of the announcement below.

http://www.uk-wire.com/cgi-bin/articles/200504270700355698L.html

    
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