Interim Management Statement

30 January 2015 FULLER, SMITH & TURNER P.L.C. Trading Update for the 43 weeks to 24 January 2015 Fuller, Smith & Turner P.L.C. ("Fuller's" or "the Company"), the London brewerand premium pub company, today announces its trading update for the 43 weeks to24 January 2015 ("the period"). Like-for-like sales in Managed Pubs and Hotels rose 6.8%, like-for-like profitsin the Tenanted Inns division grew by 4% and total beer and cider volumes inthe Fuller's Beer Company also grew by 4%. Since we last reported, the Company has acquired two new sites - The CromwellArms in Romsey, Hampshire, and The Three Guineas at Reading Station, an areathat will benefit from the arrival of Crossrail. In addition, the Companyopened One over the Ait, Kew Bridge, and acquired the freehold of The Stable inFalmouth. This continued policy of acquiring premium sites and investment inthe existing estate has led to a slight rise in debt to £157.8m at the end ofour third quarter on 27 December 2014, up from £155.9m at the half year.Meanwhile, net debt to EBITDA remained at 2.6 times. Simon Emeny, Chief Executive, commented: "Trading in our estate has beenconsistently good during the year and it was particularly pleasing to have arecord Christmas - especially against very strong comparative figures lastyear. Our commitment to three key principles - an unrivalled portfolio ofpremium brands, engaging service, and freshly-cooked food delivered in astylish environment - continues to deliver great results and delight new andexisting customers alike. "We are confident of meeting our expectations for the full year and lookforward to updating the market on 5 June 2015, when we announce the Company'spreliminary results for the 52 weeks to 28 March 2015." -Ends- For further information, please contact: Fuller, Smith & Turner P.L.C.Simon Emeny, Chief Executive 020 8996 2000James Douglas, Finance Director 020 8996 2000Georgina Wald, Corporate Communications Manager 020 8996 2198 / 07831 299801 Instinctif PartnersPaul Downes 07900 244888Justine Warren 07785 555692 Notes to Editors: Fuller, Smith and Turner P.L.C. is an independent traditional family brewerfounded in 1845 and is based at the historic Griffin Brewery in Chiswick,London, where brewing has taken place continuously since 1654. The Company runs185 Managed Pubs and Hotels and 205 Tenanted pubs, with a focus on outstandingcask ale, great wine, exemplary service and delicious fresh, home-cooked food.The Company also has 641 boutique bedrooms in its Managed estate and owns a 51%share of The Stable, a craft cider and gourmet pizza business. Fuller's pubestate stretches from Brighton to Birmingham and from Portishead to theGreenwich Peninsula, including 170 locations within the M25. The Fuller's Beer Company brews a portfolio of premium beers including LondonPride, ESB, Organic Honey Dew and Frontier Craft Lager. In June 2013, theCompany acquired Cornish Orchards, a craft cider maker producing a range ofaward-winning ciders and premium soft drinks. Fuller's is also the UKdistributor for Sierra Nevada, the premier US craft beer. Copies of this statement will be available on the Company's website,www.fullers.co.uk, in the Investors section. Photography is available from the Fuller's Press Office on 020 8996 2175 or byemail at [email protected].