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21/06/1999

Discussions with Punch Taverns

Discussions with Punch Taverns

Bass PLC today, 21 June 1999, confirms that following an approach from Punch Taverns Ltd ("Punch") it is in negotiations to reach an agreement, that should Punch be successful in a bid for Allied Domecq PLC's pub estate, Bass will take a significant number of selected managed sites for around £1 billion.

A further announcement will be made shortly.

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For further information, please contact:

Pugh Phillips, Group Communication 0171 409 1919
Mark Rigby, Media Relations 0171 409 8153
Jonathan Atack, Investor Relations 0171 409 8571

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