Offer Update

Spirit Pub Company plc

28 November 2014

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

Spirit Pub Company plc ("Spirit" or the "Company")

Offer Update

Further to the announcement on 4 November 2014 of the recommended acquisition by Greene King plc ("Greene King") of Spirit Pub Company plc ("Spirit") (the "Offer"), Spirit announces that the scheme document with further information about the Offer and notices of the court meeting and the general meeting of Spirit shareholders to approve the Offer will be published by no later than 24 December 2014. The circular and prospectus relating to the approval of the Offer by Greene King shareholders will be published by Greene King at the same time.

As set out on 4 November 2014, it is expected that the scheme to implement the Offer will become effective in the first half of 2015.

Enquiries

Spirit Pub Company

Mike Tye, Chief Executive +44 (0) 1283 498 400

Paddy Gallagher, Finance Director

Goldman Sachs International

Anthony Gutman +44 (0) 20 7774 1000

Nick Harper

Phil Shelley (Corporate Broking)

Numis Securities Limited

James Serjeant (Corporate Broking) +44 (0) 20 7260 1000

Brunswick Group LLP

Nick Cosgrove +44 (0) 20 7404 5959

Natalia Dyett

A copy of this announcement will be made available on Spirit's website at www.spiritpubcompany.com. The content of this website is not incorporated into and does not form part of this announcement.

Goldman Sachs International, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting exclusively for Spirit and no one else in connection with the matters referred to in this announcement and will not be responsible to anyone other than Spirit for providing the protections afforded to clients of Goldman Sachs International, or for providing advice in connection with the matters referred to in this announcement.

Numis Securities Limited, which is authorised and regulated by the Financial Conduct Authority in the United Kingdom, is acting as broker exclusively for Spirit and no one else in connection with the matters referred to in this announcement and will not be responsible to anyone other than Spirit for providing the protections afforded to clients of Numis Securities Limited, or for providing advice in connection with the matters referred to in this announcement.