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STRONG GROWTH AND RETAIL MOMENTUM DRIVING ATTRACTIVE RETURNS

?     Greene King plays an important role in the local economy, operating 82 pubs and restaurants and employing 1,616 people in the county, including 316 apprentices. The company employs 21,272 staff nationally

?     Greene King has made significant investment into its pubs and restaurants in the county, including refurbishments, management training and business support for licensees

?     Over the past year Greene King has opened three new build sites – Silkwood Farm (Wakefield) and Pear Tree Farm (York) under the Cloverleaf brand and the Sword Dancer Hungry Horse in Sheffield

?     60 new jobs were created when the latest addition to the Hungry Horse brand, Viking (Goole) opened in November

?     Investment in its existing estate has seen developments at the Ring O’ Bells (Rotherham) under the popular family friendly Hungry Horse brand.

Rooney Anand, Greene King chief executive officer, comments:

‘Our team has delivered another strong trading performance driven by 17% profit growth in our retail division. We have continued to focus on providing excellent value, service and quality to our customers, while improving productivity and keeping tight control of costs. This has led to strong sales and profit growth, increased cashflow, improved returns and a stronger balance sheet.

While we continue to see a challenging environment for the UK consumer, our strategy has been tailored for these conditions - we provide our customers with ‘everyday treats’ and value for money. We are confident we can generate further success and deliver sustainable earnings and dividend growth for our shareholders.’

A copy of the results presentation will be available on our website: www.greeneking.co.uk

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