$re = '/aaa(?=[^<]*<\/?br\s*\/?>)/m';
$str = '<FONT color=\'red\'>aaa-1/2</br>bbb-1/3</br>aaa-1/20</FONT>';
$subst = "<FONT face='monospace' color='black'>$&</FONT>";
$result = preg_replace($re, $subst, $str);
echo "The result of the substitution is ".$result;
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php