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August 19, 2015

Notice regarding Acquisition of Shares in Myanmar Brewery Limited by
Kirin Holdings Singapore Pte. Ltd.

Kirin Holdings Company, Limited (President and CEO: Yoshinori Isozaki; hereafter: “Kirin”) today announced that its Southeast Asian subsidiary Kirin Holdings Singapore Pte. Ltd. (Managing Director: Hiroshi Fujikawa; hereafter: “KHSPL”) has, as of August 19th, 2015 (local time), acquired 55% of all outstanding shares in Myanmar Brewery Limited (Chairman: Nay Wynn; hereafter: “MBL”) from Fraser and Neave, Limited (Chairman: Charoen Sirivadhanabhakdi; hereafter: “F&N”). KHSPL was appointed by Myanmar Economic Holdings Limited (Chairman: Hsan Oo; hereafter “MEHL”) as its nominee for the share transfer from F&N. The share acquisition price was 560 million US dollars (approximately 69.7 billion yen1).

  • 1. One US dollar = 124.45 yen (as of August 18th, 2015)

MBL is Myanmar’s top beer company, which manufactures and sells brands including the award-winning Myanmar Beer, Andaman Gold, and Myanmar Double Strong. With an extensive nationwide sales network centered in Yangon where MBL has its production base, MBL has significantly expanded its business throughout Myanmar since it was established. Myanmar is an exciting market with considerable prospects — high growth and increasing consumer consumption have been forecasted following the country’s recent democratization, ongoing reforms and the progressive lifting of previous economic sanctions. Kirin aims for further growth by leveraging its own expertise in technology, product development, and research and marketing, and MBL’s business foundation.

In its Kirin Group Vision 2021 (KV2021) — the company’s long-term business framework — Kirin is developing integrated beverages business under its global management system focused on Oceania, Brazil and Southeast Asia. With this latest investment in Myanmar, Kirin will further strengthen its business in the Southeast Asian region.

  • Note that there will be little impact on the consolidated forecasts. There is no change to the consolidated forecast for the fiscal year 2015 (previously announced on August 5th, 2015).

Overview of the Acquisition of Shares in Myanmar Brewery Limited

(1) Method of
Acquisition		 All shares previously owned by F&N were directly acquired by KHSPL, which was appointed by MEHL as its nominee for the share transfer from F&N.
(2) Timing of Acquisition August 19th, 2015
(3) Total Number of
Shares Acquired		 78,507 shares (55.0% of all outstanding shares)
(4) Acquisition Price 560 million US dollars (approx. 69.7 billion yen2)
  • 2. One US dollar = 124.45 yen (as of August 18th, 2015)

Overview of Myanmar Brewery Limited

(1) Company Name Myanmar Brewery Limited
(2) Location Yangon City, Myanmar
(3) Year Established 1995
(4) Name and Title of
Representative		 Nay Wynn, Chairman
(5) Shareholders and
Shareholding Ratio		 KHSPL, 55%
MEHL, 45%
(6) Capital 142 million MMK (Myanmar Kyat)
(7) Number of
Employees		 Approx. 1,000
(8) Business Activities Beer production and sales
(9) Major Brands Myanmar Beer, Andaman Gold, Myanmar Double Strong
(10) Business Results  
2014 Sales Approx. 254 billion MMK (approx. 25.0 billion yen3)
2014 EBITDA Approx. 90.0 billion MMK (approx. 8.8 billion yen3)
  • 3. One JPY = 10.20 MMK (as of August 18th, 2015)

Overview of Myanma Economic Holdings Limited

(1) Company Name Myanma Economic Holdings Limited
(2) Location Yangon City, Myanmar
(3) Name and Title of
Representative		 Hsan Oo, Chairman
(4) Business Activities Business investments, mainly in MBL

Overview of Kirin Holdings Singapore Pte. Ltd.

(1) Company Name Kirin Holdings Singapore Pte. Ltd.
(2) Location Singapore
(3) Year Established 2010
(4) Name and Title of
Representative		 Hiroshi Fujikawa, Managing Director
(5) Shareholders and
Shareholding Ratio		 Kirin Holdings Company, Limited, 100%
(6) Business Activities Development and implementation of Kirin Holdings Group’s integrated beverages business strategy in Southeast Asia