Asahi receives 53% shareholder acceptances

Asahi receives 53% shareholder acceptances

22 July 2011 – Asahi Beverages New Zealand Limited (“Asahi”) refers to the full cash takeover offer dated 21 July 2011 for all of the issued share capital of Charlie’s Group Limited (“Charlie’s”) at an offer price of 44 cents per share (the “Offer”).

Asahi is pleased to announce that, as at the close of business on 22 July, Asahi has received valid acceptances representing 53.21% of Charlie’s shares. These include acceptances received from a number of key shareholders, including Collins Asset Management Limited, Tim Cook, Ted van Arkel and the trustees of the family trusts of Stefan Lepionka (the Chief Executive Officer of Charlie’s), Simon Neal and Marc Ellis.

The Offer remains conditional, including upon Asahi obtaining all consents required under the Overseas Investment Act 2005 and the Overseas Investment Regulations 2005 for Asahi to complete the acquisition of the Charlie’s shares under the Offer.

Asahi encourages Charlie’s shareholders to accept the Offer as soon as possible. The Offer will close for acceptance at midnight on 19 August 2011, unless extended by Asahi in accordance with the Takeovers Code.

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