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

Recommended cash offers for Burtonwood PLC ("Burtonwood")

The boards of directors of W&DB and Burtonwood announce that they have reached agreement on the terms of recommended cash offers for Burtonwood, to be made by McQueen on behalf of W&DB.

The Ordinary Offer will be 550 pence in cash for each Burtonwood Ordinary Share, valuing Burtonwood’s existing issued ordinary share capital at approximately £119 million and represents an enterprise value of approximately £155 million. In addition, Burtonwood Ordinary Shareholders will be entitled to receive and retain the interim dividend of 3.45 pence per Burtonwood Ordinary Share announced on 15 November 2004.

W&DB has received irrevocable undertakings to accept (or procure the acceptance of) the Ordinary Offer (including from the directors of Burtonwood, other than William Cran) in respect of 11,256,724 Burtonwood Ordinary Shares, representing approximately 51.9 per cent. of the existing issued ordinary share capital of Burtonwood.

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/200412030700219831F.html