30 April 2009

The Capital Pub Company PLC ('the Company')

Share acquisitions and additional listing and surrender and grant of options

The Company announces that 425,000 new ordinary shares of 50 pence each in the Company (the 'New Ordinary Shares') have been issued to the Company's Employee Benefits Trust ('Trust'). The Trust has acquired them under the terms of a co-ownership agreement with the Capital Pub Company Limited, a wholly owned subsidiary of the Trust. The Trust has sold its interest in the shares to employees pursuant to a new Joint Share Ownership Plan (the 'JSOP'). Under the JSOP the interest in the shares acquired by the employee will be reacquired by the trustee if certain performance criteria measured by reference to growth in earnings per share of the Company over a three year period are not achieved or the employee ceases to be an employee or officeholder of the Company or its subsidiaries. Provided that the performance condition is satisfied, the interest in the shares held by the employee will provide the employee with any growth in the Company share price in respect of these shares above 60p. 

Pursuant to the JSOP, certain executive directors acquired 300,000 New Ordinary Shares as follows:

Following the admission to trading of the new ordinary shares, the Company will have 20,330,908 ordinary shares of 50 pence each in issue.

Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. Admission is expected to be effective from 6 May 2009.

In addition, certain Non Executive Directors have surrendered 90,909 options under the Company EMI scheme and surrendered 281,114 awards over the assets of the Company's Employment Benefit Trust ('EBT') in respect of options granted to the trustee.

Certain Non Executive Directors have also been issued 190,909 approved and unapproved options ('New Options'). All New Options have been issued with an exercise price of 57.5 pence and are exercisable from 29 April 2012 and must be exercised on or before 29 April 2019. 

The table below sets out the number of options surrendered by, and New Options granted to, certain Non Executive Directors:

Details of the Company's option schemes will be contained in the Company's report and accounts for the year ended 31 March 2009 which are to be published in due course.

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