E-Malt.com News article: 2218

Hong King: The board of directors of Guangdong Brewery Holdings Limited confirmed that on 19 February 2004, the Company issued 133,768,000 New Shares to Heineken APB in accordance with the terms of the Agreement with Shareholder dated 28 January 2004 between the Company and Heineken Asia Pacific Breweries (China) Pte Ltd (Heineken APB).

The Board has also been advised by GDH Limited, the Company’s parent company, that on 19 February 2004, in accordance with the Share Purchase Agreement between GDH and Heineken APB, GDH sold to Heineken APB 165,496,280 ordinary shares in the issued share capital of the Company (Sale Shares).

As a result of the issue of the New Shares and the sale of the Sale Shares to Heineken APB, Heineken APB now holds in aggregate 299,264,280 ordinary shares of the Company, representing approximately 21.46 % of the issued share capital of the Company as enlarged by the issue of the New Shares and is a substantial shareholder (as defined in the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited) of the Company. On a fully diluted basis, assuming all the outstanding share options issued pursuant to the Company’s share option scheme and certain new share options issued pursuant to the Company’s share option scheme prior to completion of the Agreement with Shareholder and the Share Purchase Agreement had been exercised, Heineken APB will then hold approximately 21.00 per cent. of the enlarged share capital of the Company.


20 February, 2004