News Releases issued to the Stock Exchange
04 May 2000

Interim results for the six months to 29 February 2000

Highlights Group Balance Sheet
Key Performance Indicators Group Cash Flow Statement
Key Initiatives Review Report (Auditors)
Review Notes 1 - 7, Notes 8 - 15
Financial Information Further Information
Group Profit & Loss Account City Presentation

A STRONG START TO THE YEAR

Highlights*

   
% growth
Trading Profit 252m
+12
Profits before tax 210m
+16
Earnings per share 14.4p
+14
Marketing investment behind Spirits & Wine brands 155m
+11

Allied Domecq's Chief Executive, Philip Bowman said:

"This is the first period of reporting as a focused brand led business following the sale of the UK Retail assets last September. Strong results have been achieved in an environment of significant change for the Group. The improvement in profitability and earnings is a direct consequence of an increased focus on profitable volume through management of product mix, pricing and enhanced marketing support behind key brands.

Ballantine's, Kahlua and Beefeater were the primary drivers of the growth of the Spirits & Wine business, increasing volumes, margin and profit contribution. The Quick Service Restaurants ("QSR") business in the USA performed well, led by a 7% like for like sales growth at Dunkin' Donuts. Losses in the International QSR business were eliminated following significant restructuring over the past nine months to create a robust platform for focused expansion.

Allied Domecq has a portfolio of great international brands. We are managing this portfolio region by region, both to grow brand equity and also to deliver sustainable earnings growth within the competitive markets in which we operate.

An interim dividend of 4.0p per ordinary share will be paid on 1 September 2000. The shares will go ex-dividend on 31 July 2000."

*proforma normalised (i.e excluding UK Retail and before exceptionals) at constant actual foreign currency rates