NEWS RELEASE APB Divests Stake in Shanghai Asia Pacific Brewery Company via Sale of HAPBC

16 April 2013

APB Divests Stake in Shanghai Asia Pacific Brewery Company via Sale of HAPBC

Consistent with its premium brand strategy in China, Asia Pacific Breweries Ltd (APB), together with Asia Pacific Investment Pte Ltd (APIPL), today announce the divestment of its stake in Shanghai Asia Pacific Brewery Company Limited (SAPB) and consequently its brewery operations and the REEB brand, via the sale of all its issued shares owned in Heineken-APB (China) Pte Ltd¹ (HAPBC) to Step Best Investments Pte Ltd as of 12 April 2013.

Following this, SAPB no longer has any relation to APB brands like Heineken, Tiger and Anchor, which will continue to be provided to China consumers through its production capabilities at Hainan Asia Pacific Brewery Company Ltd (HAPCO) and Guangzhou Asia Pacific Brewery Co. Ltd (GAPB). Shanghai consumers will still be able to enjoy these brands through APB's sales and distribution arm, Heineken-APB (Shanghai) Co. Pte Ltd.

¹Heineken-APB (China) Pte Ltd is a 50-50 joint venture between APB and APIPL

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