TIDMHVT 
 
RNS Number : 4578V 
Heavitree Brewery PLC 
10 July 2009 
 

 
 
The Heavitree Brewery PLC (the "Company") 
Trood Lane 
Matford 
Exeter 
Devon 
EX2 8YP 
 
 
Date: 10 July 2009 
 
+-------------+----------------------------------------------------------+ 
| Contact:    | R.J. Glanville - Director and Company Secretary 01392    | 
|             | 217733                                                   | 
+-------------+----------------------------------------------------------+ 
|             | G.J. Crocker - Managing Director 01392 217733            | 
+-------------+----------------------------------------------------------+ 
|             | P. Keane - Nominated Advisor 020 7408 4090               | 
+-------------+----------------------------------------------------------+ 
 
 
Rental agreement 
 
 
The Company announces that it has entered into an agreement with Mrs. C.M. 
Wheatley, the wife of Mr. T. Wheatley, an executive director of the Company (the 
"Related Party") for the rental to the Related Party of one of the Company's 
currently managed public houses, The Pen Inn, Newton Abbot, Devon (the 
"Property"). The Property trades as a licensed public house and restaurant.  The 
Property has been let to the Related Party on commercial terms under the 
Company's usual 'tie' agreement. 
 
 
Adjusted profits attributable to the Property, as reported in the year ended 31 
October 2008, were GBP34,226. The Property is carried in the Company's accounts 
at an historical cost of GBP65,000 and is considered by the Directors to have a 
value of GBP1,400,000. The freehold of this property remains with the Company. 
Save for the usual purchase of the trading inventory the transaction does not 
involve a consideration payment by the Related Party. This transaction is in 
line with the Company's strategy of exiting the direct management of public 
houses. The house has been marketed for let since January 2009. 
 
 
The transaction described above is a related party transaction pursuant to AIM 
Rule 13. The directors of the Company (with the exception of Mr. T. Wheatley), 
having consulted with its nominated adviser, Shore Capital and Corporate 
Limited, consider that the terms of the transactions described above are fair 
and reasonable insofar as its shareholders are concerned. 
 
 
Ends. 
 
 
ISIN: GB0004182720 for 'A' Limited Voting Ordinary Shares 
ISIN: GB0004182506 for Ordinary Shares 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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