GREENE KING plc

Greene King plc completes successful £300m secured bond issuance

Greene King plc announces that it has finalised terms of a tap of its secured financing vehicle (the "Third Tap Issue") including the issue, by Greene King Finance plc, of £300m Class A6 notes due 2035 with a 4.0643 per cent coupon.

Details of the transactions are contained in the final prospectus (the "Final Prospectus") which has been approved by the Irish Stock Exchange and can be viewed at the following URL:

http://www.greeneking.co.uk/index.asp?pageid=55

The Final Prospectus contains no update on current trading.

Rooney Anand, Greene King chief executive officer, comments:

"The completion of this transaction and the attractive price achieved is testament to the strength of the Greene King business, the quality of our pub estate and the security of its cash flows. Through this transaction we have strengthened the Greene King capital structure and increased longer-term funding for general business requirements including ongoing investment in our business".

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NOTES FOR EDITORS

·   Greene King plc was founded in 1799 and is headquartered in Bury St. Edmunds, Suffolk. It currently employs around 42,000 people across its main trading businesses; Retail, Pub Partners and Brewing & Brands.

·     It operates c. 3,000 pubs, restaurants and hotels across England, Wales and Scotland, of which c. 1,800 are retail pubs, restaurants and hotels, and c. 1,200 are tenanted, leased and franchised pubs. Its leading retail brands and formats include Hungry Horse, Farmhouse Inns, Chef & Brewer, Flaming Grill and Loch Fyne Seafood & Grill.  83% of the estate is either freehold or long leasehold.

·     Greene King also brews quality ale brands from its Bury St. Edmunds and Dunbar breweries, and is the UK's leading cask ale brewer and premium ale brewer. Its industry-leading portfolio includes Greene King IPA, Old Speckled Hen, Abbot Ale and Belhaven Best.