Offer Update

Young’s announces that, further to the completion of its recommended cash acquisition of the entire issued and to be issued ordinary share capital of City Pubs, which was effected by way of a scheme of arrangement under Part 26 of the Companies Act 2006 and which became effective on 04 March 2024, the Board of Directors of Young’s has duly confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that Young’s has complied with its post-offer intention statements made pursuant to Rules 2.7(c)(viii) and 24.2 of the Code, as originally detailed in Young’s Rule 2.7 announcement dated 16 November 2023 and the City Pubs scheme document published on 13 December 2023.