Annual General Meeting

2. Annual General Meeting June 14 2005

3. Sir John Banham Chairman

4. Agenda for today’s meeting • The latest chapter • The next chapter • Questions • AGM business

5. The latest chapter Total shareholder returns: 5 years to June 2005 FTSE 100 constituents in 2000

6. 230 210 190 170 150 TSR 130 110 90 70 50 Jun-00 Dec-00 Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04 Dec-04 Jun-05 Whitbread FTSE100 Total shareholder return June 2000 - June 2005

7. The next chapter “More of the same, but better” • Continued top line organic growth • Like-for-like sales growth • Improvement in returns

8. Alan Parker Chief Executive

9. Trading statement First quarter SALES trend - 13 weeks to 2 June % change vs prior year Like-for-like total Premier Travel Inn 8.2* 10.4* Pub restaurants (1.0) 3.7 High Street restaurants (0.1) 5.5 David Lloyd Leisure 0.1 2.0 Continuing Whitbread 1.0 5.0 1.5% 14.1% * Travel Inn only

10. Exit Citypoint Marriott Announcement Leadership Convention Pub Restaurants Re organisation Special Dividend Premier Lodge Acquisition Business Review Courtyard Sale Chairman succession AGM AGM 100 Day Plan 100 Day Plan Key exec appointments June 2004 July Aug Sep Oct Nov Dec Feb Jan 2005 Mar April May June 2005 One Whitbread - route map

11. 2004/5 financial highlights • Pre-tax profits up 17.8% • Pre-tax, pre-exceptional profits up 9.4% • Earnings per share (adjusted) up 10.1% • Full year dividend per share up 13.2%

12. % 11.4% 12 9.4% 10 8 6 4 2 0 Pro Forma, excluding Marriott As reported Return on capital employed 2004/5

13. The Whitbread family

15. Agenda 2005/6 - the year of ROCE step up • Drive like-for-like sales • Improve operational efficiency • Achieve disciplined growth • One Whitbread No Limits culture

16. WINcard - Whitbread in Numbers

17. The Whitbread Way We believe in… People and Teamwork Caring for Guests Passion for Winning Continuous Improvement

18. People Restaurants Hotels Health & Fitness Procurement Process Property One Whitbread synergies

19. Agenda 2005/6 - the year of ROCE step up • Drive like-for-like sales • Improve operational efficiency • Achieve disciplined growth • One Whitbread No Limits culture • Execute the restructuring

20. Summary • Whitbread is the UK’s No.1 hospitality company • Hotels • Restaurants • Health & fitness • 2004/5 - restructuring for future growth and shareholder value • 2005/6 - focus on execution, disciplined growth and improved returns

21. Shareholder questions

22. Total proxy votes received 133,148,198 For 130,054,476 Against 368,013 Abstained 2,725,709 1 Resolution one

23. Total proxy votes received 133,136,197 For 126,286,282 Against 1,186,760 Abstained 5,663,155 2 Resolution two

24. Total proxy votes received 133,161,069 For 133,149,519 Against 5,761 Abstained 5,789 3 Resolution three

25. Total proxy votes received 133,108,333 For 132,519,262 Against 518,937 Abstained 70,134 4 Resolution four

26. Total proxy votes received 133,104,686 For 132,682,040 Against 355,315 Abstained 67,331 5 Resolution five

27. Total proxy votes received 133,100,197 For 132,385,453 Against 657,784 Abstained 56,960 6 Resolution six

28. Total proxy votes received 133,100,357 For 132,796,144 Against 250,313 Abstained 53,900 7 Resolution seven

29. Total proxy votes received 133,098,724 For 132,480,667 Against 554,827 Abstained 63,230 8 Resolution eight

30. Total proxy votes received 133,146,706 For 132,441,767 Against 683,690 Abstained 21,249 9 Resolution nine

31. Total proxy votes received 133,123,475 For 131,202,486 Against 1,865,848 Abstained 55,141 10 Resolution ten

32. Total proxy votes received 133,079,717 For 131,849,477 Against 1,106,920 Abstained 123,320 11 Resolution eleven

33. Total proxy votes received 133,100,443 For 132,773,073 Against 122,921 Abstained 204,449 12 Resolution twelve

34. Total proxy votes received 133,077,435 For 131,251,385 Against 556,741 Abstained 1,269,309 13 Resolution thirteen

35. Annual General Meeting June 14 2005