Acquisition of 21% Stake in Guangdong Brewery Holdings Limited - Completion

Pursuant to the Company's announcement on 28 January 2004, when the Company announced that its indirectly held subsidiary, Heineken Asia Pacific Breweries (China) Pte Ltd ("HAPBC") had entered into conditional agreements to acquire a 21 percent interest in Guangdong Brewery Holdings Limited, the Company is pleased to announce that HAPBC has today completed the said acquisition.

Submitted by Anthony Cheong Fook Seng, Group Company Secretary on 19/2/2004 to the SGX