APB: Newsroom: 2009: Incorporation of Subsidiaries in New Zealand

02 April 2009

Incorporation of Subsidiaries in New Zealand

Pursuant to Rule 704(15) of the Listing Manual of the Singapore Exchange Securities Trading Limited, Asia Pacific Breweries Limited (the “Company”) announces that its indirect wholly owned subsidiaries in New Zealand, Barworks Group Limited (“BWGL”), and Barworks Holdings Limited (“BHL”) (which were the subject of an announcement on 22 May 2008), have incorporated the following companies:

1)	Hurstmere Pubs Limited
	(a) BWGL holds a 75% stake, with the remaining 25% stake held by BHL.
	(b) The initial paid up share capital of the aforesaid entity is NZ$268,100.

2)	Riccarton Hospitality 2007 Ltd
	(a) BWGL holds a 75% stake, with the remaining 25% stake held by BHL.
	(b) The initial paid up share capital of the aforesaid entity is NZ$1,085,300.

3)	Gaults on Quay (2009) Limited
	(a) BWGL holds a 90% stake, with the remaining 10% stake held by BHL.
	(b) The initial paid up share capital of the aforesaid entity is NZ$1,680,000.

BWGL is a wholly owned subsidiary of DB Breweries Limited which in turn is a wholly owned subsidiary of the Company. BHL is a wholly subsidiary of BWGL.

The new companies have been incorporated for the purposes of investing in food and beverage outlets in New Zealand.

Additionally, BWGL has also entered into a joint venture with the Keppel Brown Trust to form a new company, Market St Holdings Limited (“MSHL”). BWGL will inject approximately NZ$366,075 into MSHL for a 75% stake, while the Keppel Brown Trust will inject approximately NZ$122,025 for the balance 25% stake.

The investments are not expected to have any material impact on the net tangible assets per share or earnings per share of the Company for the current financial year.

None of the Directors or controlling shareholders of the Company has any interest, direct or indirect in the investments.

Newsroom 2009 listing

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