Statement re Press Comment

Adnams plc - Statement re Press Comment

Following recent media reports speculating a potential sale of the Company, the Board of Directors of Adnams plc (the "Company") wishes to reconfirm the Company's position - originally communicated on 12th February - that it is exploring a range of options to fund its future growth plans with the support of its advisors.

The Board's intention remains the raising of additional capital from a third party and/or the sale of freehold assets to return capital to the Company.

No decision has been taken and Company will continue to keep shareholders appraised of developments at the appropriate time.

For further information contact info@adnams.co.uk