18 December 2009

The Capital Pub Company PLC ("the Company")

Share acquisitions and additional listing and surrender of options

The Company announces that 275,000 new ordinary shares of 50 pence each in the Company (the 'New Ordinary Shares') have been issued to the Company's Employee Benefits Trust (the "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 the next three financial year-ends 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 70p. 

Pursuant to the JSOP, certain executive directors acquired 225,000 New Ordinary Shares as follows:

Following the admission to trading of the new ordinary shares, the Company will have 20,605,908 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 23 December 2009.

Following this transaction, Clive Watson's beneficial holding in the Company is 1,960,889 shares representing 9.5% of the Company's total voting rights and Nicholas Collins' beneficial holdings in the Company is 250,000 representing 1.2% of the Company's total voting rights.

In addition, Clive Watson surrendered 350,000 awards over the assets of the Company's Employment Benefit Trust ("EBT") in respect of options granted to the trustee.

Details of the Company's option schemes will be contained in the Company's report and accounts for the year ended 31 March 2010.

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