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 5th September 2010.

Current Trading

Our retail businesses, which represent c. 70% of our revenues, are trading well. After 18 weeks, LFL sales within Greene King Retail are +4.4%, and LFL sales within Belhaven Retail are +3.3%. Our food expansion strategy continues to progress well with LFL food sales in Greene King Retail of +8.6%. This strong sales growth and focus on food has not been at the expense of margins, which are slightly ahead of last year.

Although the trading environment for licensees in the tenanted and leased sector remains challenging, we have achieved average EBITDA per pub of +0.7% in Pub Partners after 16 weeks*. Looking ahead, we will continue to improve the overall quality of our estate and retailing skills of our licensees, and we will shortly be launching our new Code of Practice following its accreditation from the British Institute of Innkeeping.

In a UK ale market down over 8% in the last quarter**, both our brewing businesses continue to outperform. Against comparative growth of over 10% in the same period last year and following a very weak July and August for the market, Brewing Company own-brewed volumes are -4.6% after 18 weeks, with total volumes at +0.3%, and Belhaven Best volumes are +3.0%.

Overall, operating profit, cashflow and the balance sheet are strong, and in line with our expectations. The pubs acquired over the last year are trading very well and investment in our existing brands and formats is delivering healthy returns.

Outlook

The economic and consumer environment remains uncertain as a number of significant headwinds, including public sector cuts, benefits reform and the impending VAT rise, are likely to affect future household spending. However, we are confident of delivering another successful year for our shareholders, in which we will continue to expand our retail businesses and to invest in our brands to generate market share gains and deliver industry outperformance.

*In line with company accounting period

**BBPA, 3m to July 2010

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Notes for Editors

§ Greene King operates 2,472 pubs and restaurants across England, Wales and Scotland, of which 888 are retail pubs and restaurants and 1,584 are tenanted or leased pubs. Its leading retail brands are Hungry Horse, Old English Inns, Loch Fyne Restaurants and Eating Inn.

§ Greene King also brews Greene King IPA, the no.1 cask ale in the UK, Old Speckled Hen, the no.1 premium ale in the UK, Abbot Ale, the no.2 premium cask ale in the UK and Belhaven Best, the no.1 ale brand in Scotland.