Posting of recommended scheme document to Scottish & Newcastle plc (“S&N”) shareholders
Amsterdam – Heineken NV announced today that on 25 January 2008, the boards of S&N and Sunrise Acquisitions Limited (a company jointly owned by Heineken and Carlsberg),
announced that they had reached agreement on the terms of a recommended acquisition of S&N at a price of 800 pence in cash for each S&N share, valuing the entire issued and to be issued
share capital of S&N at approximately Ãƒâ€šÃ‚Â£7,8 billion.
Heineken and Carlsberg (together the «Consortium») note the announcement today by S&N that the Scheme Document regarding the recommended acquisition of S&N by Sunrise
Acquisitions Limited has been posted to S&N Shareholders. The document will be available on www.scottish-newcastle.com.
The offer is subject to the approval of the European Commission and certain other competition authorities. Subject to these and other required approvals and conditions as set out in the Scheme
Document, it is expected that the Scheme will become effective on 28 April 2008.
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