INTERNATIONAL BREWERIES : RIGHTS ISSUE ANNOUNCEMENT

Registered Office:

Plot 5A, Abuja Street, Banana Island,

Ikoyi, Lagos - Nigeria

www.international-breweries.com

Lagos: May 22, 2024

INTERNATIONAL BREWERIES PLC - RIGHTS ISSUE OF UP TO 161,172,395,100 ORDINARY SHARES OF 2 KOBO EACH AT N3.65 PER SHARE ON THE BASIS OF SIX (6) NEW ORDINARY SHARES FOR EVERYONE (1) ORDINARY SHARE HELD

International Breweries PLC ("the Company") is pleased to notify its esteemed Shareholders, Stakeholders, Nigerian Exchange Limited ("The Exchange") and the general public, that the Company has obtained approval from the Securities Exchange Commission ("the Commission") to offer to the shareholders the proposed Rights Issue of 161,172,395,100 Ordinary Shares of 2 Kobo each at N3.65 Per Share, on the basis of six (6) new ordinary shares for every one (1) existing ordinary share held.

The Qualification Date for the Rights Issue is May 2, 2024. The application list opened on May 21, 2024, and will close on June 10, 2024 as approved by the Commission.

The Rights circular will be distributed to shareholders by the Company's Registrars, while application forms will also be made available on the websites of the Company and the Registrars for ease of access.

Esteemed shareholders are advised to contact their stockbrokers and other financial advisers for more details of the offer.

Thank you.

Dr (Mrs.) Marian Reginald-Ukwuoma

Company Secretary / Legal Counsel

FRC/2017/ICSAN/00000016798

Ikoyi, Nigeria

Registered in Nigeria RC No. 9632

Board of Directors: His Majesty Nnaemeka Alfred Achebe (Chairman), Akintoye Omole, Carlos Coutino - Managing Director (Guatemalan),

Andrew Whiting (British) Non-Executive Director, Olutoyin Odulate (Independent Non-Executive Director), Bruno Zambrano - Director (Colombian),

Michael Ajukwu, Olugbenga Awomolo, David Tomlinson - Executive Director (American), Richard Rivertt-Carnac (British), Cherian Kurien -Non-Executive Director (Indian)