Turkey: Anadolu Efes is increasing its registered share capital from 200 Million YTL to 900 Million YTL

At the meeting of the Board of Directors of Anadolu Efes Biracılık ve Malt Sanayii A.Ş. (“Anadolu Efes”), dated 08.03.2007, it has been unanimously decided to increase the registered share capital of Anadolu Efes from 200 Million YTL to 900 Million YTL, to amend the articles #7 and #11 of Anadolu Efes’ Charter, and to authorize the company management to conduct any related work in regard to the above mentioned transactions, the company published in its press release on March 9th.

Resolution of Board of Directors of ANADOLU Efes Biracilik Ve Malt Sanayii A.Ş.: “As a result of the negotitations in accordance with the agenda, it has been unanimously decided to increase the registered share capital of Anadolu Efes currently at 200 Million YTL to 900 Million YTL, to modify the article #7 of the Company Charter accordingly, amend article #11 denoting the shares representing the issued capital, to obtain the necessary permissions required by the Capital Markets Law and Turkish Commercial Law from relevant authorities, to propose the amendments in the Company Charter for approval to the General Assembly after the necessary permissions are granted and to authorize the company management to conduct any related work in regard to the above mentioned actions.

New Version
CAPITAL
Article 7)

The Company has adopted the registered capital system as per the rules of the Capital Markets Law No. 2499, with the permission of the Capital Markets Board dated 25.6.1992, No. 308. The registered capital of the Company is 900.000.000.- (ninehundredmillion) YTL.

The 112.876.818,27 YTL (one hundred and twelve million eight hundred and seventy six thousand eight hundred and eighteen YTL twenty seven YKr) constituting the issued capital of the Company has been paid without any form of collusion.

112.876.818,27 shares, all made out to the bearer, with a nominal value of 1 YTL represent the issued capital of 112.876.818,27 YTL.

The previous 1.000 TL nominal value of one share, has been changed to 1 YTL as per the law No. 5274 concerning amendments to Turkish Commercial Code. Consequently the total number of shares has decreased and 1 share with a nominal value of 1 YTL will be delivered to each 1.000 shares, with nominal values of 1.000 TL. All rights of the shareholders arising from the mentioned exchange are reserved.

The Board of Directors is authorized in accordance with the Capital Markets Law rules to increase the issued capital to the registered capital level by issuing bearer shares. New shares will be delivered to existing shareholders in proportion with their ownership ratio when increasing capital through internal resources.

Shares representing the capital are monitored within the framework of registration.

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