Interim Management Statement

Strictly embargoed until 7am Thursday 25 July 2013 Interim Management Statement Fuller, Smith & Turner P.L.C. ('Fuller's' or 'the Company') reports its tradingperformance for the 16 weeks to 20 July 2013, in advance of the Company'sAnnual General Meeting to be held today, 25 July 2013 at 11.00 am in the HockCellar, Griffin Brewery, Chiswick, London W4 2QB. The Company has enjoyed a strong first 16 weeks to 20 July 2013, aided by therecent spell of glorious weather. Total sales in Managed Pubs and Hotels haveincreased 12.0%. Like for like sales were up 10.0% with food and accommodationsales showing very strong growth, demonstrating good underlying momentum. Likefor like profits in the Tenanted Inns division were down 1% in the same period,as we took advantage of the dry conditions to undertake external propertyrepairs: underlying profit remains in growth. Total beer and cider volumesdeclined 2%. The Company's balance sheet and cash generation remain strong and net debtreduced to £130.2 million on 29 June 2013, down from £135.6 million at the yearend. Net debt to EBITDA (pro forma for the impact of acquisitions) also reducedto 2.5 times, from 2.6 times at the year end. Simon Emeny, Chief Executive commented as follows: "After several weeks of barbeque summer weather, it is pleasing to seecustomers coming to our pubs and gardens to enjoy our food, drink andhospitality. Of course, the boost to our fortunes that the sunshine brings issmall in the context of our long term future. I am therefore equally pleasedthat the underlying business is well positioned, with pub investmentsperforming strongly and our various long term initiatives, such as our entryinto the craft lager and cider markets, showing promising progress." The Company will next report on 22 November 2013 when it issues its half yearreport for the 26 weeks to 28 September 2013. - Ends - For further information, please contact:Fuller, Smith & Turner P.L.C.Press Office: 020 8996 2048/2175Mobile: 07870 408 102Email: [email protected] Simon Emeny: Press 020 8996 2048James Douglas: Analysts 020 8996 2048 College Hill: 020 7726 8400Paul Downes: 07900 244 888Justine Warren: 07785 555 692

Category: Interim Management Statement