Efes Breweries International NV (EBI or the Company) is one of the largest independent brewers across a wide geographic area that includes Russia, the Commonwealth of Independent States (CIS) and Southeastern Europe, with a total annual brewing capacity of 25 mhl and a malt production capacity of 152,000 tons. Production commenced in Russia in 1999, and within 10 years, EBI has managed to build a strong position in Russia by reaching a 10% market share in this very competitive beer market, which is the world’s third largest in terms of consumption. Currently, EBI is the market leader in Moldova and Georgia with respective market shares of 68% and 61%, while in Kazakhstan, it is in second place with a market share of 38%. EBI also has a 28% share in Central Europe Beverages (CEB), which owns the third largest brewer in Serbia. In addition, EBI owns 19.98% stake in a maltery in Moscow, while it has its own sales and distribution company in Belarus.

In 2009, as the global economic crisis spread, beer markets worldwide suffered from a decline in demand, including the operational area of EBI. However, through its operational excellence and innovative marketing activities, EBI was able to outperform the markets and continued to gain market shares in 2009. Although the growth trend reversed in the last two years due to global economic conditions, the historically significant growth rates achieved in EBI’s operating area makes the region one of the largest and fastest growing beer markets in Eurasia. Notwithstanding the historical growth, the countries in the region have further growth potential due to the improvements in purchasing power as well as low levels of per capita consumption in the long-term. Being one of the top players in the region, EBI is well-positioned to benefit most from the growth in the area in the coming future through both organic and inorganic growth opportunities.

EBI is registered in the Netherlands and listed on the London Stock Exchange (EBID). Anadolu Efes Biracılık ve Malt Sanayii A.Ş. (Anadolu Efes), the largest shareholder of EBI, is the leading beverage company in Turkey. Anadolu Efes, together with its direct and indirect subsidiaries and affiliates, produces, markets and sells beer, malt, soft drinks and bottled water across Turkey, southeast Europe, Russia, Central Asia and the Middle East. Anadolu Efes is also separately listed on the Istanbul Stock Exchange (AEFES.IS). All beer operations of Anadolu Efes outside of Turkey are conducted by EBI.

www.anadoluefes.com

Current Shareholding Structure :
Anadolu Efes owns 99.9% share in EBI and the remaining is publicly held

EBI Structure and the operating companies :
The Company’s ownership interests in each of the operating companies are as follows: