Heineken N.V. realigns ownership interests in Jamaica, Malaysia, Singapore and Ghana - Seite 2

In accordance with the Jamaican Takeover Code, as a result of the acquisition of Diageo's shareholding in D&G, HEINEKEN will in due course make a mandatory offer for all shares of D&G not already owned by HEINEKEN. This represents 26.7% of the issued share capital of D&G, and implies a maximum total consideration of c. US$ 194 million. Further announcements regarding the mandatory offer will follow in due course.

Malaysia and Singapore: Acquisition of Diageo's stake in GAPL
GAPL, a privately held company which is majority owned by HEINEKEN, owns 51% of the issued share capital of GAB. GAB is listed on the Malaysian Stock Exchange and produces and sells a portfolio of beers and non-alcoholic malt beverages, including Tiger, Anchor, Guinness and Malta. GAPL is also the licensee for Guinness and ABC Stout distribution for the Singapore market. HEINEKEN acquires Diageo's stake in GAPL and as a result of today's transaction HEINEKEN owns 100% of the shares of GAPL.

Ghana: Disposal to Diageo of HEINEKEN's 20% stake in GGBL
GGBL is listed on the Ghanaian Stock Exchange and is engaged in manufacturing and distribution of spirits, stouts, lagers and non-alcoholic malt beverages. Prior to the Transaction, Diageo owned 52.4% of the issued share capital of GGBL, and HEINEKEN owned 20.0%. HEINEKEN has today sold all of its shares in GGBL to Diageo. Diageo will remain the exclusive producer and distributor of HEINEKEN's current portfolio in Ghana.

Consideration
The total net cash consideration payable by HEINEKEN to Diageo for the Transaction is US$ 780.5 million (c. EUR 696 million).

Commenting on the transaction, Jean-François van Boxmeer, HEINEKEN CEO and Chairman of the Executive Board, said: "Today's transaction represents another important step towards ensuring that our portfolio of assets and participations is optimally structured to support our strategic agenda. Having greater commercial control in the important regions of South-East Asia and the Caribbean will allow us to maximise the strong potential of our brands in these growth markets. Our close collaboration with Diageo has been very productive over the years and I would like to thank them for their valued partnership."