Disclaimer
This Annual Report contains forward-looking statements with regard to the financial position and results of Heineken's activities. These forward-looking statements are
subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and
uncertainties relate to factors that are beyond Heineken's ability to control or estimate precisely, such as future market and economic conditions, the behaviour of other
market participants, changes in consumer preferences, the ability to successfully integrate acquired businesses and achieve anticipated synergies, costs of raw materials,
interest rate and exchange-rate fluctuations, changes in tax rates, changes in law, pension costs, the actions of government regulators and weather conditions. These and
other risk factors are detailed in Heineken's publicly filed Annual Reports. You are cautioned not to place undue reliance on these forward-looking statements, which are only
relevant as of the date of this annual report. Heineken does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect
events or circumstances after the date of these statements. Market share estimates contained in this annual report are based on outside sources, such as specialised research
institutes, in combination with management estimates.
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