RNS Number:7834P
Enterprise Inns PLC
16 September 2003

                        PRE-CLOSE PERIOD TRADING UPDATE

Enterprise Inns plc ("Enterprise"), which will be announcing its preliminary
results for the year ending 30th September 2003 on 25th November 2003, provides
an update on trading.

Overall, Enterprise is pleased to announce that trading has been comfortably in
line with the Board's expectation.

The core business has performed well and we estimate that operating profit per
pub has increased by around 8 per cent over the prior year, reflecting continued
improvement in the quality of the estate.

The results will include the first full year contribution from the Laurel estate
which was acquired in May 2002 and was fully integrated by September 2002. We
anticipate that the operating profit generated from the estate will be ahead of
our estimate of #90 million made at the time of the acquisition.

Enterprise has a 16.8 per cent equity share in Unique Pubs Ltd (Unique) which
continues to trade in line with expectations and our results will include for
the first time a full-year contribution from this investment. Enterprise has an
option, until November 2004, to acquire the balance of the Unique equity at a
price which is fixed at #608 million until 31st March 2004.

Enterprise's operating cash inflow has been strong and this, together with the
proceeds of pub disposals, will result in a significant reduction in the level
of debt. It is estimated that net debt at year-end will be in the region of #130
million lower than prior year.

On 12th September 2003, Enterprise issued a further #350 million of the 6.5 per
cent Secured Bonds due 2018, originally launched in February 2003. This brings
the total size of this issue to #600 million nominal. The new issue was priced
to yield a margin of 150 basis points over the yield of the benchmark Gilt and
is due to mature on 6th December 2018. The company now has #1,185 million of
bonds in issue at an average interest rate payable of 6.5 per cent per annum
with an average life to redemption of 19 years. The proceeds of the issue, which
will be received by the end of October, will be used to repay short and medium
term syndicated bank debt.

Enquiries:
Ted Tuppen                 0121 256 3030
David George               0121 256 3040




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