Proportionally consolidated participations
Proportional consolidation of the participations listed
below takes place because control in the companies
concerned is exercised jointly and directly by virtue of percentage
an agreement with the other shareholders. of interest
Bols Benelux B.V. Nieuw-Vennep
(the Netherlands) 50-
Asia Pacific Breweries (Singapore) Pte. Ltd. Singapore 42.5
South Pacific Brewery Ltd. Port Moresby
(Papua New Guinea) 31.9
Vietnam Brewery Ltd. Ho Chi Minh City (Vietnam) 25.5
Non-consolidated participations valued at net asset value
Guinness Anchor Berhad Petaling Jaya (Malaysia) 10.8
DB Group Ltd. Auckland (New Zealand) 23.2
Shanghai Mila Brew Co. Ltd. Shanghai (China) 15.-
Other non-consolidated participations and capital investments
valued at cost of acquisition
Calanda Haldengut A.G. Chur (Switzerland) 10-
Quilmes International (Bermuda) Ltd. Hamilton (Bermuda) 15-
Cervejaria Kaiser S.A. Rio de Janeiro (Brazil) 12.2
1 This list contains the capital investments which are significant for the true and fair view required by law.
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