United Breweries - Allotment Of Equity Shares

United Breweries Holdings Ltd has informed that in accordance with the Offering Circular dated December 03, 2007 for issue and allotment of equity shares for an aggregate amount not exceeding Rs 600 crores to Qualified Institutional Buyers under Chapter XIIIA of SEBI (Disclosure and Investor Protection) Guidelines, 2000, the offer was oversubscribed.

The Adhoc Committee of Director of the Company appointed for this purpose at its meeting held on December 13, 2007, has allotted the following:

a. 5,405,405 Equity of Rs 10/- each for Cash at a price of Rs 1,110/- per Equity Share (Issue Price). Aggregating in Rs 5,999,999,550 to the Qualified Institutional Buyers (QIBs), on Private Placement basis, as defined under Clause 2.2.2B(v) of Chapter XIII-A of the Securities & Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000.

b. 6,387,117 Warrants of Rs 10/- each at a premium of Rs 1,100/- aggregating to Rs 7,089,699,870/- crores to FirStart Inc., a member of the Promoter Group, on Preferential basis. The said warrants carry the option and right of conversion, to be executed by the holder thereof, of One warrant into One Equity Shares of Rs 10 each in the Capital of the Company at a premium of Rs 1,100 per equity share, the option being exercisable within a period not exceeding 18 months from the date of issue of the Warrants.

Consequent upon the allotment of 5,405,405 equity shares to Qualified Institutional Buyers, the total issued and paid up capital of the Company stands increased to Rs 648,473,030 divided into 64,847,303 equity shares of Rs 10/- each.