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
Brasseries du Congo S.A. Brazzaville (Congo) 50.-
Zagorka Brewery A.D. Stara Zagora (Bulgaria) 43.2
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
DB Group Ltd. Auckland (New Zealand) 24.9
Non-consolidated participations valued at net asset value
Zywiec S.A. Zywiec (Poland) 31.8
Guinness Anchor Berhad Petaling Jaya (Malaysia) 10.8
Shanghai Mila Brew Co. Ltd. Shanghai (China) 17.5
Tee Yih Jia (Fujian) Brewery Co. Ltd. Fuzhou (China) 17-
Hainan Asia Pacific Brewery Co. Ltd Hainan (China) 34.-
Other non-consolidated participations and
valued at cost of acquisition
Quilmes International (Bermuda) Ltd.
Cervejarias Kaiser S.A.
Zlaty Bazant
capital investments
Hamilton (Bermuda) 15-
Rio de Janeiro (Brazil) 14.2
Hurbanovo (Slovakia) 66.-
1 This list contains the capital investments which are significant for the true and fair view required by law.
2 In accordance with the provisions of Section 17 of the Republic of Ireland Companies (Amendment) Act
1986, Heineken N. V. has given irrevocable guarantees in respect of the financial year from January 1,
1995, to December 31, 1995, in respect of the liabilities, as are referred to in Section 5(c) of that Act, for
the subsidiary companies Murphy Brewery Ireland Limited and Murphy Brewery Sales Limited.