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28/06/1999

Conditional acquisition of certain assets of Allied Domecq plc

Conditional acquisition of certain assets of Allied Domecq plc ("Allied") from Punch Taverns Group Limited ("Punch") for £985 million

Bass has noted the statement by Whitbread to the London Stock Exchange on Monday, 28 June 1999 raising what it terms "regulatory issues" concerning Punch's proposal in respect of Allied Domecq Retailing.

Whitbread's statement is misleading both as to the arrangements between Punch and Bass and as to the regulatory implications.

Bass will have no control whatsoever in respect of any of the managed pubs to be retained by Punch.

Bass and its advisers are clear that Bass' investment in Punch's proposal does not give rise to regulatory concerns and for that reason Bass' contract with Punch does not carry a regulatory condition.

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For further information, please contact:

Mark Rigby, Media Relations 0171 409 8153
Jonathan Atack, Investor Relations 0171 409 8571

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