Turkey: Efes Beverage Group’s General Assembly to decide over dividend distribution proposal

The General Assembly of Efes Beverage Group / Anadolu Efes made a decision over Board of Directors’ dividend distribution proposal, according to company’s press release, April 24.

In its meeting held on April 24th, 2007, with the unanimous decision of the attendees, our Board of Directors resolved that:

1) Our cash dividend proposal of gross 0,85 YTL per each share with 1 YTL nominal value, calculated from the profit in the audited consolidated financial statements for the period of January-December 2006 prepared in accordance with the International Financial Reporting Standards as per the Communiqué Serial: XI, No: 25 on “Accounting Standards in Capital Markets” published by the Capital Markets Board thereby ensuring an 85% gross dividend distribution over the issued capital totalling 95.945.295,53 YTL, to be submitted to the approval of the General Assembly to be held on May 14th, 2007,

2) In accordance with the resolution of the Capital Markets Board No: 2/53 dated January 18th, 2007 and our corporate governance compliance reports published in previous years, our dividend distribution policy for 2007 and beyond to be designated and presented to the shareholders as a separate article at the General Assembly as:

“Distribution of dividends amounting to at least 50% of the distributable net profit annually provided that this does not conflict with Capital Markets Board regulations in effect has been adopted as a policy. This policy will continue except for investment periods and other instances requiring high cash outflows and special conditions brought forth by the extraordinary economical developments.”

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