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Asahi To Compulsorily Acquire Remaining Shares In Charlie’s

Asahi To Compulsorily Acquire Remaining Shares In Charlie’s

19 August 2011 – On 12 August 2011, Asahi Beverages New Zealand Limited (“Asahi”) announced that, as a result of acceptances of its takeover offer for Charlie’s Group Limited (“Charlie’s”), it holds more than 90 per cents of the voting rights in Charlie’s shares and has become the dominant owner of Charlie’s for the purposes of the compulsory acquisition provisions of the Takeovers Code. As of today, Asahi has commenced the compulsory acquisition process under the Takeovers Code to acquire all of the remaining shares in Charlie’s that it does not already own.

Attached to this announcement is a copy of a letter from Asahi which it has today despatched to the remaining Charlie’s shareholders, along with the required compulsory acquisition notice and instrument of transfer.

Shareholders requiring additional assistance should call Computershare on 0800 727 475 (or, if calling from outside New Zealand, +64 9 4888 777).

About Asahi Beverages New Zealand Limited: Asahi Beverages New Zealand Limited is a wholly owned subsidiary of Asahi Group Holdings, Ltd.

About Asahi Group Holdings, Ltd.: The Asahi group, headed by Asahi Group Holdings, Ltd., a Tokyo Stock Exchange listed company, is a leading Japanese alcoholic beverages and soft drinks manufacturer, which turns over 1.5 trillion Yen annually. Alcohol represents approximately 70 per cent of Asahi’s business, with soft drinks comprising approximately 20 per cent. The remainder of Asahi’s business is made up of food and healthcare products. Asahi has operations in Japan, China and Australia.

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