Saturday, July 28th, 2012 - Heineken N.V.
Amsterdam, July 27, 2012 - (ACN Newswire) - Heineken N.V. ("HNV") announces that it has been contacted by Fraser & Neave, Limited ("F&N") in relation to the offer ("Offer") by HNV on 20 July 2012 for (i) F&N's direct and indirect interests in Asia Pacific Breweries Limited ("APB") at a price of S$50.00 per APB share (for a total consideration of S$5.1 billion), and (ii) F&N's interest in the non-APB assets held by Asia Pacific Investment Private Limited, a 50/50 joint venture between HNV and F&N (for a consideration of S$163 million).

At the request of F&N, HNV has agreed to extend the Offer by one week from 27 July 2012, to allow further time for F&N to consider the Offer.

HNV continues to believe that the Offer represents compelling value for F&N shareholders and APB's minority shareholders. The offer price of S$50.00 per APB share, represents a premium of 45% over the one-month volume weighted average price per APB share[1].

HNV is keen to agree a consensual deal with F&N, however if HNV is denied the ability to extend its offer to all APB shareholders it will review all options available to protect its commercial interests.

There can be no certainty that a transaction will ultimately be forthcoming. Further announcements will be made if and when appropriate, and in case if and when F&N and HNV enter into final transaction documentation, in compliance with applicable regulatory requirements.


The directors of HNV (including any director who may have delegated detailed supervision of this announcement) have taken all reasonable care to ensure that the facts stated and all opinions expressed in this announcement are fair and accurate and that there are no other material facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

Where any information has been extracted or reproduced from published or otherwise publicly available sources, the sole responsibility of the directors of HNV has been to ensure through reasonable enquiries that such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this announcement.

The directors of HNV jointly and severally accept responsibility accordingly.

[1] One month period of up to and including 16 July 2012, being the date of the joint holding announcement by Oversea-Chinese Banking Corporation Limited and Great Eastern Holdings Limited of an approach with an offer to purchase their combined stakes in F&N and APB.

Contact Profile

Heineken N.V.

HEINEKEN is a proud, independent global brewer committed to surprise and excite consumers with its brands and products everywhere. The brand that bears the founder's family name - Heineken(R) - is available in almost every country on the globe and is the world's most valuable international premium beer brand. The Company's aim is to be a leading brewer in each of the markets in which it operates and to have the world's most valuable brand portfolio. HEINEKEN wants to win in all markets with Heineken(R) and with a full brand portfolio in markets of choice. The Company is present in over 70 countries and operates more than 140 breweries with volume of 214 million hectolitres of group beer sold. HEINEKEN is Europe's largest brewer and the world's third largest by volume. HEINEKEN is committed to the responsible marketing and consumption of its more than 200 international premium, regional, local and specialty beers and ciders. These include Amstel, Birra Moretti, Cruzcampo, Desperados, Dos Equis, Foster's, Heineken, Newcastle Brown Ale, Ochota, Primus, Sagres, Sol, Star, Strongbow, Tecate, and Zywiec. Our leading joint venture brands include Cristal, Kingfisher, Tiger and Anchor. In 2011, revenue totaled EUR 17.1 billion and EBIT (beia) was EUR 2.7 billion. The number of people employed is around 70,000. Heineken N.V. and Heineken Holding N.V. shares are listed on the Amsterdam stock exchange. Prices for the ordinary shares may be accessed on Bloomberg under the symbols HEIA NA and HEIO NA and on the Reuter Equities 2000 Service under HEIN.AS and HEIO.AS. Most recent information is available on HEINEKEN's website: .
John Clarke
P: +31-20-5239-355


Heineken, Fraser & Neave, Asia Pacific Breweries, APB, F&N, HNV



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