Interim Management Statement

GREENE KING plc

INTERIM MANAGEMENT STATEMENT

At its AGM today, Greene King will make the following Interim Management Statement for the 18 weeks to 7 September 2014.

CURRENT TRADING

Like-for-like (LFL) sales in Retail were up 0.4% in the first 18 weeks of the year, with tough comparatives from the excellent summer last year compounded by a disappointing World Cup this year.

It is also evident that while the UK economy continues to strengthen, customers remain cautious and are spending very carefully. In response to this, we have protected Retail profitability by being careful not to over-invest in tactical, short-term sales building initiatives.

Within Retail, our accommodation business performed well and we saw particularly strong trading at Metropolitan, our premium London pubs, and Farmhouse Inns, our carvery restaurants.

Our Retail expansion programme continued with a net additional five sites opened in the year-to-date, taking the total estate to 1,037 sites, with a healthy pipeline of potential new sites in place. New sites this year are expected to be significantly weighted towards the second half of the year.

Our other businesses also traded well: Pub Partners total LFL net income was up 3.7% after 16 weeks, while in Brewing & Brands, own-brewed volume was up 6.2% after 18 weeks, driven by strong growth from Old Speckled Hen, the UK's no.1 premium ale brand.

Our balance sheet and cash generation remain strong and in line with our expectations.

OUTLOOK

We anticipate that Retail LFL sales will improve as the year progresses and that the momentum in Pub Partners and Brewing & Brands will continue.

More broadly, we remain focused on our strategy of delivering long-term growth and returns to our shareholders through expanding our retail estate, increasing our exposure to the eating out market and driving the best value, service and quality for our customers.

Overall, we look forward to another year of continued progress across the business.

FOR FURTHER INFORMATION:

NOTES FOR EDITORS

· Greene King was founded in 1799 and is headquartered in Bury St. Edmunds, Suffolk. It currently employs 23,000 people across its main trading divisions: Retail, Pub Partners and Brewing & Brands.

· It operates c. 1,900 pubs, restaurants and hotels across England, Wales and Scotland, of which c. 1,000 are retail pubs, restaurants and hotels. Its leading retail brands are Hungry Horse, Old English Inns and Loch Fyne Restaurants.

· Greene King is also the UK's leading cask ale brewer and premium ale brewer. Its core ale brands are Old Speckled Hen, the no.1 premium ale in the UK, Greene King IPA, Abbot Ale, the no.1 premium cask ale in the UK and Belhaven Best, the no.1 ale brand in Scotland.