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The year 2009, in addition to seeing the conclusion of our Third Group Medium-Term Management Plan, marks the 120th anniversary of Asahi Breweries’ forerunner, and the 60th anniversary of the Company’s founding. As such, we remain committed to business initiatives, particularly in alcoholic beverages but also, of course, in soft drinks, food and pharmaceuticals, and overseas, that will encourage further Group growth and profitability. As in the past, the Asahi Breweries Group will continue to greatly value opportunities to interface with customers, taking to heart the customer feedback received in a never-ending cycle of management reform. In all corporate activities, be assured that respect for the customer’s viewpoint and the spirit of Asahi will always remain key considerations in the actions of each corporate officer and employee. Your support will be vital to the success of the Asahi Breweries Group as we boldly face the challenges that lie ahead this year.

Listed on the Singapore Exchange, Asia Pacific Breweries Limited (APB) is one of the key players in the beer industry. A joint venture between the Fraser and Neave Group of companies and Heineken International, APB was established as Malayan Breweries Limited (MBL) in 1931. It went on to open its first brewery in Singapore and launched the award-winning Tiger Beer a year later. To more accurately reflect the growing regionalisation of its business interests, MBL was renamed Asia Pacific Breweries Limited in 1990. Today, APB oversees a portfolio of over 40 beer brands and brand variants, including Tiger Beer, Heineken, Anchor and ABC Stout. The group operates an extensive global marketing network, which spreads across some 60 countries and is currently supported by breweries in countries including Singapore, Cambodia, China, Indonesia, Laos, Malaysia, Mongolia, New Caledonia, New Zealand, Papua New Guinea, Sri Lanka, Thailand, and Vietnam.

Since its listing, with the enthusiasm and support of the Beijing Municipal Government and various sectors in Hong Kong, Beijing Enterprises has successfully adhered to the mission of maximizing shareholders' interests. Leveraging on Beijing's edges and through the convergence of both the resources in Beijing and Hong Kong, we insist in a proactive and steady direction of operation as well as prudent and focused investment strategies. The scale of its businesses and assets are gradually expanding with improving operating results. Our strength as a whole enhanced significantly. Since 2004, Beijing Enterprises actively traces the changes of market orientation, reform in the state-owned assets administration system, and the progress of market-oriented operations for public utilities. We have established the market positioning of "an integrated public utilities company with municipal energy services as the core business segment" and created the overall strategic mission as "the major entity and the investment and financing platform under the Beijing Municipal Government for the operation and administration of infrastructure and public utilities". We have initiated the joint reorganization of Beijing Gas Group, and divested non-core business segments at an extensive scale. Through more than three years of uninterrupted dedication and devotion, Beijing Enterprises preliminarily achieved the strategic transformation from a conglomerate to a professional public utilities company.

Belhaven offer thirsty beer drinkers a beer and a safe haven to enjoy it. Belhaven Brewing Company owns and operates breweries, as well as a string of pubs. The company brews several beers including Belhaven Best, 80 Shilling, Twisted Thistle, and St. Andrews Ale. Belhaven Brewery Company Limited touts its flagship Belhaven Best as the top-selling draft ale in Scotland. (The brand had a 20% market share in Scotland in 2008.) Belhaven also exports its Scottish Ale and St. Andrews Ale to the European, North American, and Australasian markets. Its pub estate includes some 325 pubs (96 managed, 48 tenanted, and 181 leased). Belhaven is a subsidiary of UK brewer and pub operator, Greene King.

Berry Bros. & Rudd is Britain's oldest wine and spirit merchant, having traded from the same shop for over 300 years. The business was officially established in 1698 by the Widow Bourne at 3 St James's Street in London, opposite St James's Palace. The company evolved from selling provisions, exotic spices, tea and coffee to, ultimately, fines wines and scotch whisky. Berrys first supplied wine to the British Royal Family during the reign of King George III and has continued to do so to the present day. Our first Royal Warrant was awarded in 1903 by King Edward V11 and today we hold two Royal Warrants for H.M. The Queen and H.R.H. The Prince of Wales.

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