26 December 2008 - Pursuant to Rule 704(15)(d) of the Listing Manual, Asia Pacific Breweries Limited is pleased to announce that the APB group has increased its stake in Thai Asia Pacific Brewery Co., Ltd and TAP Trading Co., Ltd from 35% to 36.84% through the purchase of shares representing 1.84% of the share capital of each of the companies for an aggregate consideration of Baht 50.17 million, or S$2.1 million paid in cash.
The purchase is not expected to have a material effect on the net tangible assets per share or earnings per share of APB for the current financial year and the said consideration was arrived at on a willing buyer and seller basis taking into account the 30 September 2008 aggregate book value of S$2.459 million of the Sale Shares. The purchase will be funded from internal funds resources.
None of the directors or substantial shareholders of APB has any interest, direct or indirect in the acquisition transaction.