17 March, 2006

Australia & Japan: Lion Nathan / Kirin Relationship

Lion Nathan announced that it wishes to respond to comments attributed to the incoming President of Kirin Brewery Co., Mr Kato on the Reuters News Service on March 9. The comments were made in the context of a discussion in relation to Kirin’s shareholding in Lion Nathan.

Lion Nathan understands that Kirin is extremely pleased with its investment in Lion Nathan and has confirmed this afternoon with Kirin that the Partnership Principles agreed between Kirin and Lion Nathan continue to be the cornerstone of our relationship. Further, Kirin has confirmed that it currently has no intention of increasing its stake in Lion Nathan, which stands at 46% of issued share capital.

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