Court sanction of the Scheme

YOUNG & CO.'S BREWERY, P.L.C.

("Young's")

Court sanction of the Scheme

Introduction

On 16 November 2023, the boards of Young's and City Pubs announced that they had reached agreement on the terms of a recommended offer pursuant to which Young's will acquire the entire issued and to be issued share capital of City Pubs (the "Transaction"). The Transaction is to be implemented by means of a Court sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme"). A scheme document in relation to the Transaction was published by City Pubs on 13 December 2023 ("Scheme Document").

Further to the announcement of 17 January 2024, City Pubs is pleased to announce that the Court has today issued a Court Order sanctioning the Scheme. The Scheme will become Effective upon the delivery of a copy of the Court Order to the Registrar of Companies for registration, which is expected to occur on 4 March 2024.

Next steps

City Pubs confirms that the Scheme Record Time will be 6.00 p.m. on 1 March 2024.

A request has been made for the suspension of dealings in City Pubs Shares on AIM with effect from 7.30 a.m. on 4 March 2024. The last day of dealing in City Pubs Shares will therefore be 1 March 2024, and once suspended, it is not expected that trading in City Pubs Shares will recommence.

It is expected that, subject to the Scheme becoming Effective on 4 March 2024, the cancellation of the admission to trading of City Pubs Shares on AIM will become effective from 7.00 a.m. on 5 March 2024.

A further announcement will be made when the Scheme has become Effective.

All times shown are London times. If any of the expected times and/or dates above change, the revised times and/or dates will be notified to City Pubs Shareholders by announcement through a Regulatory Information Service, with such announcement being made available on City Pubs' website at https://www.citypubcompany.com/investors/ and on Young's website at https://www.youngs.co.uk/investors.

Addleshaw Goddard LLP are acting as legal adviser to City Pubs in connection with the Transaction.

Notices relating to financial advisers

Dealing and Opening Position Disclosure requirements

Requesting hard copy documents

Alternatively, a request in writing may be submitted to Equiniti at Aspect House, Spencer Road, Lancing, West Sussex, BN99 6DA.