RECOMMENDATIONS OF THE SUPERVISORY COUNCIL TO THE SHAREHOLDERS
We have received the Balance Sheet drawn up by the Board of Directors as at
September 30, 1969, and the Profit and Loss Account for the financial year from
October 1, 1968, to September 30, 1969, together with the Explanatory Notes.
These financial statements, which are shown on pages 30 to 33 of this Report,
have been audited and found correct by the auditors, Messrs. Frese, Hogeweg,
Meyer Hörchner. We recommend you to adopt the Balance Sheet as at September
30, 1969, which incorporates the proposed appropriation of profit for the financial
year 1968/1969, as well as the Profit and Loss Account for this financial year, and
to fix the dividend at N.fl. 3.50 per share of N.fl. 25.— par value in accordance
with the proposal by the Board of Directors.
We also agree with the proposal by the Board of Directors to make a 5 share
distribution from the Share Premium Account, which distribution is free of income
tax.
We are fully in agreement with the measures in connection with the reorganization
of the concern, as described in the Report of the Board of Directors.
During the past financial year Mr. C. A. Klaasse resigned as a Member of the Com
pany's Supervisory Council. We shall sorely miss the great experience of this eminent
banker.
Article 10, paragraph 7, of the Articles of Association of Heineken's Bierbrouwerij
Maatschappij N.V. stipulates that two Members of the Supervisory Council shall
retire annually at the General Meeting of Shareholders.
According to the rota drawn up for this purpose by the Supervisory Council, Mr.
J. M. Fentener van Vlissingen and Mr. C. R. C. Wijckerheld Bisdom are due to
retire in 1970. Both are immediately eligible for re-election.
FEITH
FENTENER VAN VLISSINGEN
VAN DEN BERG
WIJCKERHELD BISDOM
THTSSEN-BORNEMISZA
HINZELIN
DREESM ANN
J IS KOOT
PLANTENGA
DE VRIES ROBBÉ
VAN LYNDEN VAN SANDENBURG
COELINGH
AMSTERDAM, FEBRUARY I97O VAN KARNEBEEK
