Financial review
Appropriation of profit
Heineken N.V. achieved a net profit in 2000 amounting to EUR 621 million. In accordance with
Article 12 of the company's Articles of Association, it is proposed to the Annual General Meeting of
Shareholders to appropriate an amount of EUR 125 million for the payment of dividend. This propos
al corresponds to a dividend of EUR 0.40 per share with a par value of NLG 5.00 (EUR 2.27). An inter
im dividend of EUR 0.16 was already paid on 26 September 2000. This leaves a final dividend of
EUR 0.24 per share. It is proposed to add the remaining amount of EUR 496 million to the general
reserves.
Restructuring of capital
It will be proposed to the Annual General Meeting of Shareholders to amend the company's Articles
of Association. The proposed amendment of the Articles of Association envisages an increase in au
thorized share capital to an amount of EUR 2,500,000,000 and the conversion of each issued share
with a par value of NLG 5.00 into a share with a par value of EUR 2.50. In principle, a 25% Dutch with
holding tax is payable on the increase of the nominal value from NLG 5.00 to EUR 2.50 per share.
Dutch shareholders can reclaim this tax in full through their income tax return. Furthermore a share
split is proposed, such that four shares with a par value of EUR 2.50 entitle five shares with a par
value of EUR 2.00.
Amsterdam, 28 February 2001
Vuursteen
Ruys
Lubsen
46
