The terms and conditions of the share rights granted are as follows: Grant date/employees entitled Based on Number share price Vesting conditions Contractual life of rights Share rights granted to Executive Board on 1 January 2005 43,724 24.53 Continued service and RTSR performance 3 years Share rights granted to Executive Board on 1 January 2006 40,049 26.78 Continued service and RTSR performance 3 years Share rights granted to senior 75% internal performance management on 1 January 2006 352,098 26.78 Continued service, conditions and 25% RTSR performance 3 years 435,871 The number and weighted average share price per share is as follows: Weighted average share price 2006 Weighted Number average of share share rights 2006 price 2005 Number of share rights 2005 Outstanding at 1 January 24.53 43,724 Granted during the year 26.78 392,147 24.53 43,724 0 tstanding at 31 December 26.55 435,871 24.53 43,724 Tl e fair value of services received in return for share rights granted is based on the fair value of shares gi anted, measured using the Monte Carlo model, with following inputs: In UR Executive Board 2006 Executive Senior Board management 2006 Senior management 2005 F; r value at grant date 424,519 8,814,436 E pected volatility 22.4% 26.3% 22.4% E pected dividends 1.5% 1.5% P rsonnel expenses In nillions of EUR 2006 S are rights granted in 2005 - S are rights granted in 2006 4 T al expense recognised as personnel expenses 4 H ineken's Relative Total Shareholder Return (RTSR) as at 31 December 2006 is a number 2 position. Heineken N.V. A Annual Report 2006 lUJ

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