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2017-02-06

Heineken NV : HEINEKEN - Acquisition of Punch Shares by Vine Acquisitions Limited

Amsterdam, 6 February 2017
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HEINEKEN N.V. ('HEINEKEN') announced on 15 December 2016 that Vine
Acquisitions Limited had announced ('Offer Announcement') a recommended cash
offer for Punch Taverns plc ('Punch'), and that HEINEKEN through HEINEKEN UK
had agreed a back-to-back deal with Vine Acquisitions Limited to acquire
Punch Securitisation A, comprising approximately 1,900 pubs across the UK.

Vine Acquisitions Limited announced today that it has acquired an aggregate of
63,310,488 ordinary shares in the capital of Punch at 180 pence per share,
representing in aggregate approximately 28.5 per cent of the existing issued
ordinary share capital of Punch on 3 February 2017 (being the latest
practicable date prior to this announcement).

As described in the Offer Announcement, each of Glenview, Avenue Capital and
Warwick Capital Partners, and the Punch directors who hold or are
beneficially entitled to Punch shares, entered into irrevocable undertakings
with Vine Acquisitions Limited in respect of their entire holdings of Punch
shares immediately prior to the Offer Announcement. The irrevocable
undertakings represent approximately 52.3 per cent of the existing ordinary
share capital of Punch.

A link to the full Vine Acquisitions Limited release can be found
athttp://www.londonstockexchange.com/exchange/news/market-news/market-news...

Press enquiries

John Clarke
E-mail: pressoffice@heineken.com
Tel: +31-20-5239-355

Michael Fuchs
E-mail: pressoffice@heineken.com
Tel: +31-20-5239-355

Nigel Pollard
E-mail: nigel.pollard@heineken.co.uk
Tel: +44 7785 531 756

Investor and analyst enquiries

Sonya Ghobrial
E-mail:investors@heineken.com

Tel: +31-20-5239-590

Marc Kanter / Gabriela Malczynska
E-mail:investors@heineken.com

Tel: +31-20-5239-590

Information relating to HEINEKEN UK and the HEINEKEN Group

HEINEKEN UK

HEINEKEN UK is one of the UK's leading cider and beer producers and the
company behind brands such as Strongbow, Bulmers, Heineken®, Foster's, John
Smith's and Desperados. HEINEKEN UK is the HEINEKEN Group's main operating
entity in the UK and employs around 2,000 people across seven sites in the UK
with offices, breweries and cider production facilities in Edinburgh,
Tadcaster, Manchester, London, Hereford and Ledbury. HEINEKEN UK operates the
Star Pubs&Bars business with a UK-wide estate of 1,049 pubs which has
delivered an attractive profit margin and cash return to HEINEKEN UK.

HEINEKEN UK is a wholly owned indirect subsidiary of HEINEKEN N.V.

HEINEKEN Group

Established in 1864 by the Heineken family, the HEINEKEN Group is one of the
world's leading makers and marketers of quality beers and ciders. Led by the
Heineken® brand, the HEINEKEN Group has a portfolio of more than 250
international, national, local and specialty beers and ciders. The HEINEKEN
Group employs approximately 73,000 people across the world and operates 167
breweries, malteries, cider plants and other production facilities in more
than 70 countries. For the 2015 financial year, the HEINEKEN Group reported
turnover of €20,511 million (2014: €19,257 million) and net profit of €1,892
million (2014: €1,516 million).

HEINEKEN N.V. is a public company with limited liability incorporated under
the laws of the Netherlands. Its shares are listed on the Euronext Amsterdam.
HEINEKEN Holding N.V. owns 50.005% of the shares in HEINEKEN N.V., Fomento
Económico Mexicano, S.A.B. de C.V. ("FEMSA"), through one of its affiliates,
is a major shareholder of HEINEKEN N.V. and the remaining shares are owned by
public shareholders and includes shares held in treasury. FEMSA is
multinational beverage and retail company headquartered in Monterrey, Mexico
and listed on the Mexican Stock Exchange.

HEINEKEN Holding N.V. was incorporated as a public company with an objective
to manage and supervise the management of the HEINEKEN Group and to safeguard
the continuity, independence and stability of the HEINEKEN Group. HEINEKEN
Holding N.V.'s shares trade on the Euronext Amsterdam. L'Arche Green N.V.
owns 51.709% of the shares of HEINEKEN Holding N.V. L'Arche Green N.V. is
owned 88.67% by the Heineken family and 11.33% by the Hoyer family. FEMSA,
through one of its affiliates, is a major shareholder of HEINEKEN Holding
N.V. and the remaining shares are owned by public shareholders.

Information relating to Patron Capital and Vine Acquisitions

Vine Acquisitions Limited is a newly incorporated company formed at the
direction of Patron Capital. Established in 1999, Patron Capital has invested
approximately €2.4 billion of capital across several funds and related
co-investments, investing in property, corporate operating entities,
credit-related businesses and debt-related instruments whose value is
primarily supported by property assets. The investors in the Patron funds
represent a variety of prominent universities, major institutions, private
foundations and high net worth individuals located throughout North America,
Europe, the Middle East and Asia. Since inception, the Patron funds have made
more than 69 investments in 17 countries and together with its partners have
owned and controlled over €10bn in gross assets. Patron is based in London
with associated offices in Barcelona, Milan and Luxembourg and a team of over
75 people, with over 42 investment professionals.

Patron aims to combine an institutional approach to fund management and
reporting, while continuing to embrace an entrepreneurial culture. Patron
favours the backing of management teams and co-investing with its
pan-European network of local partners who are familiar with the local market
through joint venture structures. Many of Patron's private equity investments
have backed existing management teams and achieved significant growth of the
investee businesses and their employee bases.
-Ends-

Please click here for full media release
http://hugin.info/173433/R/2075955/780689.pdf

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Heineken NV via Globenewswire

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