Marstons Regulatory News (MARS)

PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT

FOR IMMEDIATE RELEASE

MARSTON'S PLC

Completion of brewing joint venture with Carlsberg UK Holdings Limited

30 October 2020

Marston's is pleased to announce today the completion of the proposed arrangements with Carlsberg UK Holdings Limited (the "Transaction"), as described in the circular to shareholders dated 8 June 2020.

Enquiries

Marston's PLC

Ralph Findlay, Chief Executive Officer

Andrew Andrea, Chief Financial Officer

Tel: 01902 329516

J.P. Morgan Cazenove (Financial Adviser, Sponsor and Joint Corporate Broker to Marston's)

James Mitford

Anastasia Volnova

Jonty Edwards

Tel: 020 7742 4000

Peel Hunt LLP (Joint Corporate Broker to the Company)

Dan Webster

Andrew Clark

Will Bell

Tel: 020 7418 8900

Instinctif Partners

Justine Warren

Matthew Smallwood

Tel: 020 7457 2010/2005

Cautionary statement

This announcement is not intended to, and does not constitute, or form part of, any offer to sell or an invitation to purchase or subscribe for any securities or a solicitation of any vote or approval in any jurisdiction. The information contained in this announcement is not for release, publication or distribution to persons in any jurisdiction where to do so might constitute a violation of local securities laws or regulations.

Important Information relating to financial advisers

J.P. Morgan Securities plc (which conducts its U.K. investment banking activities as J.P. Morgan Cazenove) ("J.P. Morgan Cazenove"), which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting exclusively as sponsor and financial adviser to Marston's PLC and for no one else in connection with the Transaction and will not be responsible to anyone other than Marston's PLC for providing the protections afforded to clients of J.P. Morgan Cazenove or for providing advice in relation to the Transaction, the contents of this announcement or any transaction, arrangement or other matter referred to in this announcement.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.