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Debt Refinancing Update

14th Jul 2005 08:00

Wolverhampton& Dudley Breweries PLC14 July 2005 14 July 2005 THE WOLVERHAMPTON & DUDLEY BREWERIES, PLC Debt Refinancing Further to the announcement on 8th July 2005, The Wolverhampton & DudleyBreweries, PLC ("W&DB", and together with its subsidiaries the "W&DB Group" or "the Group") has decided, owing to an administrative error outside its and itsadvisers' control in connection with the dispatch of the Consent SolicitationDocument which was posted to holders of the Group's series of six existingdebentures (the "Existing Debenture Stockholders") on 8th July 2005, to extendthe Early Solicitation Deadline of 5.00 p.m. on the 22nd July 2005 to 5.00 p.m.on 27th July 2005 to give Existing Debenture Stockholders additional time torespond to the Group's proposals contained in the Consent Solicitation Document.Existing Debenture Stockholders who respond by 5.00 p.m. on 27th July 2005 willhave the opportunity to receive the Early Solicitation Fee, details of whichwere set out in the announcement dated 8th July 2005. Contact details The Wolverhampton & Dudley Breweries, PLC Ralph Findlay, Chief Executive 01902 329 516 [email protected] Paul Inglett, Finance Director 01902 329 516 [email protected] The Royal Bank of Scotland plc (Solicitation Agent) All questions from bondholders should be directed to The Royal Bank of Scotlandplc. Andrew Burton 020 7085 8056 [email protected] Malcolm Jackson 020 7085 4208 [email protected] gcg hudson sandler (PR Adviser to W&DB) Andrew Hayes 020 7796 4133 [email protected] Nick Lyon 020 7796 4133 [email protected] Important Notice The contents of this press release have been prepared by and are the soleresponsibility of the W&DB Group. This press release does not constitute anoffer to sell or the solicitation of an offer to buy securities of W&DB,Mansfield Brewery Limited, Burtonwood Group Limited or W&DB Issuer PLC. Nothingin this press release constitutes advice on the merits of buying or selling aparticular investment or exercising any right conferred by the securitiesdescribed. Any investment decision as to any purchase of securities referred toherein must be made solely on the basis of information contained in the finalform of the Offering Circular and no reliance may be placed on the completenessor accuracy of the information contained in this press release. Securities are not suitable for everyone. The value of securities can go down aswell as up. You should not deal in securities unless you understand their natureand the extent of your exposure to risk. You should be satisfied that they aresuitable for you in the light of your circumstances and financial position. Ifyou are in any doubt you should consult an appropriately qualified financialadvisor. This information is provided by RNS The company news service from the London Stock Exchange

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