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Notification of Heineken International B.V., Amsterdam on the change of shareholding

Pursuant to Article 124 of the Financial Instruments Market Act and the Rules of the Ljubljana Stock Exchange, d.d., Pivovarna Laško, d.d., Trubarjeva 28, 3270 Laško hereby issues the notification that it has been informed by Heineken International B.V., Tweede Weteringplantsoen 21, Amsterdam, the Netherlands (hereinafter: Heineken), according to Articles 118 and 134 of the Financial Instruments Market Act, Article 5 of the Decision Regulating the Information on Major Holdings and the Circulation of the Securities Market Agency of 17 September 2014, that on 15 October 2015 Heineken acquired 4,673,941 shares of the issuer Pivovarna Laško, delniška družba (hereinafter: the Issuer) with code PILR, thereby exceeding the 50% threshold of major holdings in the Issuer. The respective shares were acquired pursuant to a Share Sale and Purchase Agreement concluded on 13 April 2015 (hereinafter: SPA), upon fulfilment of the conditions precedent as agreed in the SPA. Due to the fact that certain Sellers exercised their right pursuant to the SPA to sell their additional PILR shares, acquired after signing of the SPA, to Heineken, the number of acquired shares is higher than the number in the notification submitted on 16 April 2015. Heineken now holds 4,673,941 shares of the Issuer with the code PILR, which is 53.43% percent of all issued shares of the Issuer.

 

On 6 October 2015 Heineken informed Pivovarna Laško d.d. that it had received the decision of the Slovenian Competition Protection Agency (AVK), deciding that the Agency does not object to the concentration of Pivovarna Laško, d.d. and Heineken International B.V., controlled by Heineken N.V., Amsterdam, since the concentration is in accordance with competition rules, provided that specific corrective measures are implemented. The issuing of the decision thus fulfils the last remaining condition precedent for the payment of the purchase consideration to the consortium of sellers and actual transfer of shares to the new owner pursuant to the SPA.

 

Laško, 15 October 2015        Management Board of Pivovarna Laško, d.d.