08 June 2004 17:27
Heineken Increases Stake to 97% in Dinal Brewery, Kazakhstan
Heineken Jan van de Merbel (Investor Relations) +31-20-523-9590 E-mail: investors@heineken.com - or - Veronique
Schyns (Press Information) +31-20-523-9606 E-mail: press@heineken.com - or - Taylor Rafferty Jeff Zelkowitz (Investor
Relations) +1-212-889-4350 Heineken N.V. today announced that it has reached an agreement with its Kazakhstani
co-shareholders to increase its stake in Kazakhstan based Dinal LLP from 51% to 97%. Heineken has financed the
transaction from its available cash resources.
The acquisition represents a further strengthening of Heineken's position in fast growing beer markets. The
enlarged position in Kazakhstan will make a further development of the brewery possible and create a platform for growth
of the Heineken brand, imported from Russia.
Heineken acquired its initial 28% stake in 1999, the year in which the Dinal brewery commenced production, and raised
its stake to a controlling stake of 51% in 2002.
Dinal LLP has a market share of 8.8% with the local brand Tian Shan and the international brand Amstel. It is the
number 4 brewery in the country. The sales capacity of the brewery is 300,000 hectolitres and the estimated sales volume
for 2004 is 225,000 hectolitres. In 2003 the net turnover amounted to EUR 7 million. The brewery employs 200 people.
Kazakhstan has extensive oil deposits and other natural resources. The country has a growing economy and a growing
beer market. The local beer market of Kazakhstan had a total volume of about 2.3 million hectolitres in 2003.
Heineken N.V. and Heineken Holding N.V. shares are listed on the Amsterdam stock exchange. Prices for the ordinary
shares may be accessed on Bloomberg under the symbols HEIA NA and HEHN NA and on the Reuter Equities 2000 Service under
HEIA.AS and HEHN.AS.
Additional information is available on Heineken's home page: http://www.heinekeninternational.com.
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