123 Notes to the Consolidated Financial Statements (continued) 34. HEINEKEN entities Control of HEINEKEN Significant subsidiaries Non-controlling interests 35. Subsequent events Acquisition of Brasil Kirin Holding S.A. Heineken NV. Report of the Report of the Financial Sustainability Other Annual Report 2016 Introduction Executive Board Supervisory Board Statements Review Information The shares and options of the Company are traded on Euronext Amsterdam, where the Company is included in the main AEX Index. Heineken Holding N.V. Amsterdam has an interest of 50.005% in the issued capital of the Company. The financial statements of the Company are included in the consolidated financial statements of Heineken Holding NV A declaration of joint and several liability pursuant to the provisions of Section 403, Part 9, Book 2, of the Dutch Civil Code has been issued with respect to legal entities established in the Netherlands. The list of the legal entities for which the declaration has been issued is disclosed in the Heineken NV stand-alone financial statements. Pursuant to the provisions of Section 357 of the Republic of Ireland Companies Act 2014, the Company irrevocably guarantees, in respect of the financial year from 1 January 2016 up to and including 31 December 2016, the liabilities referred to in Schedule 3 of the Republic of Ireland Companies Act 2014 of the wholly-owned subsidiary companies Heineken Ireland Limited, Heineken Ireland Sales Limited, The West Cork Bottling Company Limited, Western Beverages Limited, Beamish Crawford Limited and Nash Beverages Limited. Set out below are HEINEKEN's significant subsidiaries at 31 December 2016. The subsidiaries as listed below are held by the Company and the proportion of ownership interests held equals the proportion of the voting rights held by HEINEKEN. The country of incorporation or registration is also their principal place of business. The disclosed significant subsidiaries represent the largest subsidiaries and represent an approximate total revenue of EUR 13 billion and total asset value of EUR 22 billion and are structural contributors to the business. There were no significant changes to the HEINEKEN structure and ownership interests. Percentage of ownership Country of incorporation 2016 2015 Heineken International B.V. The Netherlands 100.0 100.0 Heineken Brouwerijen B.V. The Netherlands 100.0 100.0 Heineken Nederland B.V. The Netherlands 100.0 100.0 Cuauhtémoc Moctezuma Holding, S.A. de C.V. Mexico 100.0 100.0 Cervejarias Kaiser Brasil S.A. Brazil 100.0 100.0 Heineken France S.A.S. France 100.0 100.0 Nigerian Breweries Plc. Nigeria 55.4 54.3 Heineken USA Inc. United States 100.0 100.0 Heineken UK Ltd. United Kingdom 100.0 100.0 Heineken Espana S.A. Spain 99.8 99.8 Heineken Italia S.p.A. Italy 100.0 100.0 Brau Union Österreich AG Austria 100.0 100.0 Grupa Zywiec S.A. Poland 65.2 65.2 LLC Heineken Breweries Russia 100.0 100.0 Heineken Vietnam Brewery Limited Company Vietnam 60.0 60.0 None of the non-controlling interests are considered to be material to HEINEKEN. On 13 February 2017, HEINEKEN announced that it had reached an agreement with Kirin Holdings Company Limited to acquire Brasil Kirin Holding S.A. for a consideration of EUR 664 million (enterprise value of EUR 1,025 million for HEINEKEN). Through the acquisition HEINEKEN acquires Kirin's Brazilian activities. The transaction is expected to close in the first half of 2017.

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