Heineken N.V. (“Heineken”) and Carlsberg A/S (“Carlsberg”)



 
 
Date:  17 December 2007
Location:  Amsterdam
Publisher:  Heineken N.V.
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS IN THAT JURISDICTION

Amsterdam, 17 December 2007 - Heineken and Carlsberg (the “Consortium”) note the Takeover Panel's recent announcement.

Heineken and Carlsberg said: "We welcome the introduction of a timetable. It will focus all parties on the merits of our proposal and consequences of S&N shareholders missing out on a value creating transaction. We urge S&N to open talks with us as soon as possible so we can agree the terms of a formal recommended offer, by the deadline of 12 noon on 21 January 2008."
 
This announcement does not constitute an announcement of a firm intention to make an offer under Rule 2.5 of the Code. There can be no certainty that any offer will be made even if the pre-conditions to our proposal (all of which are waivable) are satisfied or waived.



 
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