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• Record revenue of £984.1m, up 3.1% on last year
• Retail like-for-like sales growth of 3.5%; margins maintained in second half of the year
• Pub Partners stabilising; strong second half of the year, growth in average EBITDA per pub
• Continued Brewing Company outperformance; own-brewed volume growth of 3.6%
• Another record year at Belhaven; strong retail and Belhaven Best beer volume growth
• Positive free cash flow after scheduled debt repayments, dividends and capital investment
• Dividend per share up 2.4%; underpins confidence
• Invested over £100m of the rights issue proceeds; returns well ahead of WACC

* As throughout this document, profit figures are shown before exceptional items.
† All years adjusted for the bonus element of the 2009/10 rights issue.
2007/08 rebased to 52 weeks for comparitive purposes.