16. Investments in associates and joint ventures HEINEKEN has the following (direct and indirect) significant investments in associates and joint ventures: Country Ownership 2011 Ownership 2010 Joint ventures Brau Holding International GmbH Co KgaA Germany 49.9% 49.9% Zagorka Brewery A.D. Bulgaria 49.4% 49.4% Brewinvest S.A. Greece 50.0% 50.0% Pivara Skopje A.D. FYR Macedonia 48.2% 27.6% Brasseries du Congo S.A. Congo 50.0% 50.0% Asia Pacific Investment Pte. Ltd. Singapore 50.0% 50.0% Asia Pacific Breweries Ltd. Singapore 41.9% 41.9% Compania Cervecerias Unidas S.A. Chile 33.1% 33.1% Tempo Beverages Ltd. Israel 40.0% 40.0% Heineken Lion Australia Pty. Australia 50.0% 50.0% Sirocco FZCo Dubai 50.0% 50.0% Diageo Heineken Namibia B.V. Namibia 50.0% 50.0% United Breweries Limited India 37.5% 37.5% Millennium Alcobev Private Limited** India - 68.8% DHN Drinks (Pty) Ltd. South Africa 44.5% 44.5% Sedibeng Brewery Pty Ltd.* South Africa 75.0% 75.0% UB Nizam Breweries Pvt. Ltd** India - 50.0% UB Ajanta Breweries Pvt. Ltd India 50.0% 50.0% Associates Cerveceria Costa Rica S.A. Costa Rica 25.0% 25.0% JSC FE Efes Karaganda Brewery*** Kazakhstan 28.0% 28.0% HEINEKEN has joint control as the contract and ownership details determine that for certain main operating and financial decisions unanimous approval is required. As a result this investment is not consolidated. In 2011 these entities ceased to exist, they were merged into United Breweries Limited. This entity is classified as Held for Sale (see note 7) Reporting date The reporting date of the financial statements of all H EINEKEN entities and joint ventures disclosed are the same as for the Company except for (i) Asia Pacific Breweries Ltd.. Heineken Lion Australia Pty. and Asia Pacific Investment Pte. Ltd which have a 30 September reporting date (the APB results are included with a three-month delay in reporting); (ii) DHN Drinks (Pty) Ltd. which has a 30 lune reporting date, and; (iii) United Breweries Limited and Millennium Alcobev Private Limited which have a 31 March reporting date. The results of (ii) and (iii) have been adjusted to include numbers for the full financial year ended 31 December 2011 Heineken N.V. Annual Report 2011 107

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