Acquisition and Response

Capital Pub Company Plc

("Capital Pub Company" or the "Company" or, together with its subsidiaries, "the Group" )

Acquisition, current trading and response to Fuller's

Acquisition

The Capital Pub Company Plc is pleased to announce that it has exchanged contracts to acquire the freehold and the business of The Village in Muswell Hill, London, N10. The consideration, payable in cash, is £2.9m. Completion is anticipated in mid July.

The Village is a large pub comprising 6,000 square feet of trading space with upper parts of a further 4,000 square feet. It is close to our existing pubs in North London. The Village will be repositioned over the summer with a £150,000 refurbishment and reopening is planned for early September.

This will take Capital Pub Company's estate to 35 pubs and further demonstrates the strength of its acquisition pipeline and its ability to seek out high quality single site acquisitions in line with its stated strategy of extending its estate to 45-50 pubs during 2013.

Current Trading

The Company believes it would be helpful to give further detail on its current trading, including like-for-like sales figures, and to clarify the statement on current trading included in yesterday's final results announcement.

For the first 10 weeks of the current financial year, the Group achieved 11% sales growth from the existing estate on a like-for-like basis, compared to the same period last year. The sales growth through pubs acquired or refurbished was 20%. The increase in Group sales for this period was 31%. Therefore the statement in the final results announcement under the heading "Current Trading and Future Strategy" should read as follows: "Current trading remains very strong and in the first 10 weeks sales are up 31% over this time last year".

In responding to Fuller Smith & Turner PLC (Fuller's) statement from this morning Clive Watson, Chief Executive of Capital Pub Company, made the following comment:

"Fuller's has made an indicative offer proposal at 200p and is seeking to justify an inadequate value for the Capital business by questioning the Group's growth potential. Shareholders have no formal offer to consider from Fuller's and the performance of Capital's management and business as outlined in its final results statement speaks for itself. The Capital Board have made it clear that there is no intention of engaging with Fuller's on the proposed indicative offer terms."

22 June 2011

Enquiries: