RNS Number:8765S
Pubs 'n' Bars PLC
04 December 2003

                               Pubs 'n' Bars Plc



                             Community Taverns Ltd



Pubs 'n' Bars Plc is pleased to announce that it has acquired a 15 per cent.
interest in  Community Taverns Ltd.  Community Taverns has today agreed terms to
acquire, subject to landlord's consent, 32 pubs previously owned and operated by
Balaclava Pub Company Limited from the receiver, RSM Robson Rhodes LLP.
Community Taverns' other shareholders include Bank of Scotland, who are the
principal bankers to the business.  Pubs 'n' Bars has also entered into an
agreement with Community Taverns under which it will operate and manage the pubs
for a fixed annual fee per pub.  In aggregate this is expected to generate in
excess of #450,000 of additional revenues for Pubs 'n' Bars.  Pubs 'n' Bars is
expected to invest in Community Taverns up to a maximum of  #750,000 over the
next 18 months by way of loan capital in order to fund capital expenditure.



Commenting, Mike Mealey, Chairman of Pubs 'n' Bars, said "We are delighted to
have made this investment alongside Bank of Scotland.  The management of this
estate will significantly increase the number of pubs operated by Pubs 'n' Bars
but will require only a modest increase in manning levels".



Trading Update



Trading in Pubs 'n' Bars continues to be satisfactory despite difficult trading
conditions.  Like for like sales for the managed estate are 1.4 per cent. ahead
of last year and are 6.7 per cent. ahead in the tenanted estate.



One unprofitable leasehold has recently been sold at book value so that the
estate of 65 is now split as follows:-


Freehold - 24                Tenanted - 21
Leasehold - 41               Managed - 44




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