Pursuant to the Dutch Corporate Governance Code, which applies to Efes Breweries International N.V. (“EBI”), a supervisory board consisting of more than four members shall appoint from among its members an audit committee, a remuneration committee and a selection and appointment committee. As EBI's supervisory board consists of five members, the supervisory board of EBI adopted a resolution to install these committees at 13 September 2004.

Please find below the rules (the " Rules ") governing the Selection and Appointment Committee, which were prepared on the basis of article 5 paragraph 2 of the Supervisory Board´s rules.

Article 1.

Responsibilities.

1.1. Notwithstanding article 5 paragraph 1 of the Supervisory Board's rules, the Selection and Appointment Committee shall advise the Supervisory Board in relation to its responsibilities and shall prepare resolutions of the Supervisory Board in relation thereto.

•  The responsibilities of the Selection and Appointment Committee shall include:

•  preparing the selection criteria and appointment procedures for members of the Board of Management and the Supervisory Board;

•  periodically evaluating the scope and composition of the Board of Management and the Supervisory Board, and proposing the profile of the Supervisory Board in relation thereto;

•  periodically evaluating the functioning of individual members of the Board of Management and the Supervisory Board and reporting the results thereof to the Supervisory Board;

•  proposing the (re-)appointments of members of the Board of Management and Supervisory Board;

•  supervising the policy of the Board of Management in relation to the selection and appointment criteria for senior management.

•  The Selection and Appointment Committee shall prepare and publish an annual report of its deliberations and findings.

Article 2.

Composition, expertise and independence of the Selection and Appointment Committee.

•  The Selection and Appointment Committee shall consist of two members, consisting of Messrs. Tuncay Ozilhan (Chairman), and Mr. Christos-Alex Komninos.
•  Without prejudice to article 3 paragraph 3 of the Supervisory Board's rules, the following requirements must be observed in composing the Selection and Appointment Committee:

•  each of its members must be independent within the meaning of article 3 paragraph 3 under d) of the Supervisory Board's rules, with the exception of no more than one member;

•  none of its members, with the exception of no more than one member, may (simultaneously) be member of the managing board of any other listed Dutch company.