and 110 per cent of the opening price quoted
for the shares in the Official Price List (Officiële
Prijscourant) of Euronext Amsterdam on the
date of the repurchase transaction or, in the
absence of such a price, the latest price
quoted therein;
c. repurchase transactions may be executed on
the stock exchange or otherwise.
Tl e authorisation to repurchase shares may be
used mainly in connection with the share-based
long-term incentive plans for both the Executive
B 3rd members and senior management, but may
a a serve other purposes, such as in connection
v h acquisitions. A further renewal of the
a horisation will be submitted for approval to the
G neral Meeting of Shareholders of 19 April 2007.
There are no agreements of Heineken N.V. with
Executive Board members or other employees
that entitle them to any compensation rights upon
termination of their employment after completion
of a public offer on Heineken N.V. shares.
0 20 April 2005, the General Meeting of
S areholders also authorised the Executive Board
(v aich authorisation was renewed on 20 April
2 06 for a period of 18 months) to issue (rights)
t shares and to restrict or exclude shareholders'
p emption rights, with due observance of the
1 and Articles of Association (which require
approval of the Supervisory Board). The
horisation is limited to 10 per cent of Heineken
.'s issued share capital, as per the date of issue.
authorisation may be used in connection
h share-based long-term incentive plans for
h the Executive Board members and senior
nagement, but may also serve other purposes,
h as in connection with acquisitions. A further
ewal of the authorisation will be submitted for
oroval to the General Meeting of Shareholders
19 April 2007.
ire are no important agreements to which
neken N.V. is a party and that will come into
f ce, be amended or be terminated under the
c idition of a change of control over Heineken
f as a result of a public offer.
Heineken N.V. C7
Annual Report 2006 O I
