Overview Report of the Executive Board Report of the Supervisory Board Financial statements Other information No vesting occurred under the 2009-2011 LTV of the Executive Board. A total of 615,967 (gross) shares vested under the 2009-2011 LTV of senior management. Based on internal performance, it is expected that approximately 328,346 shares of the 2010-2012 LTV will vest in 2013 for senior management and Executive Board. The number - as corrected for the expected performance for the various awards - and weighted average share price per share under the LTV of senior management and Executive Board are as follows: Weighted average share price 2012 Number of share rights 2012 Weighted average Number of share Outstanding as at 1 January 29.14 1,546,514 30.11 1,575,880 Granted during the year 35.77 770,128 36.69 795,162 Forfeited during the year 35.44 (99,391) 31.73 (119,856) Vested during the year 21.90 (615,967) 44.22 (234,485) Performance adjustment - (243,458) (470,187) Outstanding as at 31 December 35.42 1,357,826 29.14 1,546,514 Under the extraordinary share plans 16,700 shares were granted and 2,192 (gross) shares vested. These extraordinary grants only have a service condition and vest between 1 and 5 years. The expenses relating to these expected additional grants are recognised in profit or loss during the vesting period. Expenses recognised in 2012 are EUR1.1 million (2011: EUR0.4 million). Personnel expenses Note 2012 Share rights granted in 2009 - 5 Share rights granted in 2010 5 1 Share rights granted in 2011 2 5 Share rights granted in 2012 5 Total expense recognised as personnel expenses 10 12 11 Heineken N.V. Annual Report 2012 123

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2012 | | pagina 125