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29/06/1999

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 £1,015 million

On 24 June 1999 Bass announced its agreement with Punch Taverns Group Limited ("Punch") to acquire up to 650 pubs and a 25% shareholding in Britannia Soft Drinks Limited from Punch for £985 million in cash in the event that Punch successfully acquires Allied Domecq Retailing (Holdings) Limited.

Bass announces that it has today agreed with Punch to increase Bass' investment in Punch's proposal by £30 million, to a total of £1,015 million. All other details of the agreement between Bass and Punch as set out in the announcement of 24 June 1999 remain unchanged.

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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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