Sale of fifteen pubs to Fuller Smith & Turner plc

Enterprise Inns plc

3rd February 2012

Sale of fifteen pubs to Fuller Smith & Turner plc for a consideration of £22.9m

Enterprise Inns plc is pleased to announce that it has exchanged contracts for the sale of fifteen pubs with Fuller Smith & Turner plc for total cash consideration of £22.9m. The net book value of the pubs at 30 September 2011 was £18.4m.

The consideration represents a good multiple on the net income of £1.7m attributable to these pubs in the year ended 30 September 2011.

This sale is in line with Enterprise Inns' objective to use disposal proceeds and other surplus cash to reduce debts through repayment of bank debt or to purchase notes or corporate bonds.

Enquiries:

Tulchan Communications, Ed Orlebar, David Allchurch 0207 353 4200

Emma Greves, Investor Relations Manager 0121 733 7700/07990 550210