The table below provides an overview of outstanding LTV awards (awards made but not yet vested as of 31 December 2011): Grant date No. of shares conditionally awarded at target level1 Value of shares conditionally awarded at the grant date in EUR Vesting date2 No. of shares vested on the vesting date (gross) End of lock-up period Value of unvested shares as of 31.12.2011 in EUR Van Boxmeer 2011 42,927 1,617,489 02.2014 - 02.2016 1,535,499 2010 35,692 1,323,102 02.2013 - 02.2015 1,276,703 2009 34,247 735,626 02.2012 - 02.2014 - Hooft Graafland 2011 22,145 834,424 02.2014 - 02.2016 792,127 2010 19,537 724,237 02.2013 - 02.2015 698,838 2009 18,836 404,597 02.2012 02.2014 1 Determined according to plan rules, using the closing share price of 31 December of the year preceding the grant. 2 Within five business days immediately following the publication of the annual results of the Company, to occur after completion of the performance period. Currently there are no vested LTV awards subject to the two-year lock-up period, as the awards made in 2007 and 2008 did not result in any shares being vested in 2010 and 2011 respectively. Supervisory Board Heineken N.V. Amsterdam, 14 February 2012 Heineken N.V. Annual Report 2011 65

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2011 | | pagina 67