Wednesday 21. January 2009
Execution of the Memorandum of Understanding regarding the Exclusivity for Kirin’s Contemplated Investment in Beer Business of San Miguel
Kirin Holdings Company, Limited (Tokyo, Japan; President and CEO, Kazuyasu Kato; hereafter, “Kirin”) and San Miguel Corporation (Manila, Philippines; Chairman and CEO Eduardo M. Cojuangco, Jr.; hereafter, “SMC”) have executed today the Memorandum of Understanding regarding the exclusivity for Kirin in its negotiation to invest in San Miguel Brewery, Inc. (Manila, Philippines; CEO, Ramon S. Ang; hereafter, “SMB”), the beer business subsidiary of SMC.