Efes Breweries International

EBI founded in the Netherlands.
Efes Karaganda Brewery (Efes Kazakhstan) was acquired through privatization by Anadolu Efes with an annual brewing capacity of 0.40 mhl.

Joint venture with the government of the City of Moscow to develop a maltery and a brewery.

Moscow Efes Brewery (MEB), the first green-field modern brewery in Moscow, established in partnership with the European Bank for Reconstruction and Development (EBRD) and the government of the City of Moscow, commenced production with an annual 1.5 mhl brewing capacity.
“Stary Melnik” launched in Russia.
Production started in the malt production facility in Moscow, adjacent to MEB.

Romanian Efes Brewery restructured as a 50%-50% joint venture with InBev; Interbrew Efes Brewery (Efes Romania) established.

MEB’s capacity was doubled to 3.0 mhl.
Efes Kazakhstan was acquired from Anadolu Efes by EBI.
EBI increased its capital, thereby allocating 15% of the capital to selected foreign institutional investors through a private placement to provide external funding to further accelerate its rapidly growing operations.

Acquisition of Vitanta Intravest S.A. (Efes Moldova), the leader in the Moldovan beer market, located in Chisinau- Moldova, with an annual 0.8 mhl brewing capacity.
Production commenced in Rostov, the new green-field brewery in Southern Russia, with an annual 1.0 mhl brewing capacity.
Production commenced in the brand new brewery in Almaty, Kazakhstan with an annual 0.6 mhl brewing capacity.
Acquisition of the Amstar Brewery located in Ufa, in the Urals region of the Russian Federation, with an annual 1.2 mhl brewing capacity.
Acquisition of the Pancevo Brewery in Serbia, located on the outskirts of Belgrade (Efes Weifert), with an annual 0.4 mhl brewing capacity.

Production capacity of MEB increased to 4.5 mhl.
Acquisition of the second brewery in Serbia, located in Zajecar, South East Serbia (Efes Zajecar), with an annual 1.0 mhl brewing capacity.
Initial Public Offering of EBI and listing of GDRs on the London Stock Exchange with a free float of approximately 30%.

Total beer production capacity of EBI increased to 11.8 mhl following the capacity increases in its Ufa and Rostov plants in Russia to 2.0 mhl and 1.2 mhl, respectively, and in the Chisinau plant in Moldova to 0.9 mhl.

Acquisition of the Krasny Vostok Brewing Group (KV Group) in Russia completed with an annual 10.0 mhl brewing and 93,000 ton malt production capacity.
Acquisition of the 19.9% minority shares in MEB completed, increasing the effective ownership of EBI in Moscow Brewery to 90.9%.
Launch of Bavaria Premium and Bavaria Malt produced under license in Russia.
Total beer production capacity of EBI increased to 23.8 mhl following the capacity increases in Russia to 20.2 mhl and in Kazakhstan to 1.3 mhl.
Capital increase by US$ 300 million through a Rights Issue, in which both Anadolu Efes and EBI’s public minority shareholders participated.
Disposal of the 50% share of EBI in Romania to Inbev, which held the remaining 50%.

Alejandro Jimenez appointed as the new CEO and Chairman of the Board of Management of EBI
Efes Moldova’s soft drink brands “Viva” and “Real” sold to The Coca- Cola Company.
Following the capacity increase in Kazakhstan from 1.3 million hectoliters to 2.1 million hectoliters, EBI’s total capacity reached 24.6 million hectoliters.

EBI and Heineken collaborated in the Kazakh and Serbian beer markets.
EBI acquired 100% of the leading Georgian brewer JSC Lomisi (Lomisi).
EBI sold all shares it held in its operating subsidiary KV Group, representing 92.9% of the voting shares, to its other Russian operating subsidiary MEB.

Following the capacity increase investments, EBI’s total annual malt capacity reached 152,000 tons in Russia.
MEB decided to increase its share capital by US$ 200 million with the participation of both shareholders, hence no change in ownership. The capital increase, whose proceeds were used to repay debt to EBI standing from the purchase of KV in 2008, completed in February 2010.
MEB purchased a 6.699% minority stake in KV Group from Tradex Partner Limited Co. for a total consideration of US$ 30.3 million.
EBI refinanced its maturing syndication loan with a new US$ 300 million (equivalent amount) Term Loan with a maturity of 3 years.
Anadolu Efes made a cash offer for the entire issued share capital of EBI other than the shares already owned by Anadolu Efes. Following the completion of the cash offer, Anadolu Efes’ stake in EBI increased to 73.5%.