Amsterdam, 18 April 2012 - Heineken N.V. today announced its trading update for the first quarter of 2012. In the quarter:
. On an organic basis, revenue increased 6.8% with growth across all regions, reflecting total consolidated volume growth of 3.5% and revenue per hectolitre growth of 3.3%;
On an organic basis, group beer volume and consolidated beer volume both grew 4.7%, with strong growth achieved in all regions with the exception of Western Europe;
Volume of the Heineken® brand in the International Premium Segment grew by 8.7%, outperforming the broader beer market, supported by continued success of the global 'Open Your World' campaign;
EBIT (beia) declined slightly, on an organic basis, in line with management plans. This includes the impact of a EUR 23 million impairment charge related to an investment by the Heineken-APB (China) Pte. Ltd joint venture in a Chinese brewery held for sale; and
Net profit (beia) declined slightly, on an organic basis.
The first quarter is seasonally less significant in terms of volume and profit contribution. In 2011, the first quarter represented 20% of consolidated beer volume and considerably less in terms of profit contribution.

Financial results

Reported revenue grew 6.8% to EUR 3,834 million, including a positive first time consolidation impact of EUR 17 million (+0.5%). Foreign currency movements contributed to a negative translational effect on revenues of EUR 18 million (-0.5%) in the quarter. This primarily reflects devaluation of the Mexican peso, Belarusian ruble and Polish zloty, partly offset by a positive US dollar currency effect (all versus the euro reporting currency). On an organic basis, revenue increased 6.8%, with growth achieved across all regions. This reflects total consolidated volume growth of 3.5% and revenue per hectolitre growth of 3.3% following the benefit of pricing initiatives and improved sales mix.

On an organic basis, EBIT (beia) declined slightly. The impact of higher revenue and the realisation of cost savings were partly offset by increased fixed costs in certain higher inflationary markets, business capability building investments and increased input costs. In addition, EBIT (beia) includes a EUR 23 million impairment charge related to non-completion of the proposed sale of Jiangsu Dafuhao Breweries Co. Ltd within the Heineken-APB (China) Pte. Ltd (HAPBC) joint venture. The amount of this impairment reflects HEINEKEN's economic share of the HAPBC joint venture.

Reported net profit was EUR 175 million compared with EUR 151 million in the first quarter of 2011. This includes a EUR 20 million revaluation gain following an increase in HEINEKEN's shareholding in Brasserie Nationale d'Haiti S.A. in January 2012 that was treated as an exceptional item.

Change in consolidation scope in the first quarter of 2012

The main consolidation scope changes having an impact on financial results in the first quarter of 2012 include:

The acquisition of the beer operations of the Sona group in Nigeria, consolidated from 12 January 2011;
The acquisition of the Harar and Bedele breweries in Ethiopia, consolidated from 4 August 2011;
The acquisition of the Galaxy Pub Estate in the United Kingdom, consolidated from 2 December 2011; and
The acquisition of additional shares in the joint venture company Pivara Skopje in Macedonia, was completed and consolidated from 16 December 2011.
On 17 January 2012, HEINEKEN completed the acquisition of a controlling stake (from 22.5% to 95%) in Brasserie Nationale d'Haiti S.A., in Haiti. This will be consolidated from the second quarter of 2012.

Financial structure
For the first time in the Company's 148 year history, HEINEKEN was assigned public credit ratings on 7 March 2012. HEINEKEN received solid investment grade credit ratings by Moody's Investor Service (Baa1) and Standard & Poors (BBB+), both with stable outlooks. These ratings reflect HEINEKEN's robust capital structure and strong cash flow generation. The ratings were assigned to HEINEKEN's European Medium Term Note (EMTN) Programme, which was updated on 7 March 2012.

On 19 March 2012, HEINEKEN placed EUR 1.35 billion of Notes under its EMTN Programme comprising of EUR 850 million of 7-year Notes with a coupon of 2.5% and EUR 500 million of 12-year Notes with a coupon of 3.5%. On 3 April 2012, HEINEKEN placed US$750 million of 10-year 144A/RegS US Notes with a coupon rate of 3.4%, further improving the currency and maturity profile of the Company's long-term debt. The proceeds of the offerings will be used for general corporate purposes.

Investor calendar Heineken N.V.
Annual General Meeting of Shareholders (AGM)
19 April 2012

Quotation ex-final dividend date 2011
23 April 2012

Final dividend 2011 payable
2 May 2012

"What's Brewing" Webinar
23 May 2012

Half-year 2012 results announcement
22 August 2012

Trading update for the third quarter of 2012
24 October 2012

toevoeging op 19 april 2012
om 16.52 uur
Heineken N.V. Algemene Vergadering van Aandeelhouders keurt alle punten op de agenda goed
Amsterdam, 19 april 2012 - Heineken N.V. maakte vandaag bekend dat de Algemene Vergadering van Aandeelhouders (AVA) alle voorstellen op de agenda van de AVA heeft goedgekeurd. De belangrijkste besluiten zijn hieronder weergegeven.

Dividend
De AVA heeft het dividendvoorstel van EUR 0,83 per aandeel voor het jaar 2011 goedgekeurd. Aangezien op 6 september 2011 al een interimdividend van EUR 0,30 is uitgekeerd, bedraagt het slotdividend EUR 0,53 per aandeel. Het slotdividend wordt op woensdag 2 mei 2012 betaalbaar gesteld. Het aandeel Heineken N.V. noteert ex-dividend op maandag 23 april 2012.

Herbenoeming van de externe accountant
De AVA heeft het voorstel tot herbenoeming van KPMG Accountants N.V. als de externe accountant goedgekeurd voor een periode van vier jaar (de jaarrekeningen over de jaren 2012 tot en met 2015).

Herbenoeming van Lid van de Raad van Commissarissen
De AVA heeft mevrouw M.E. Minnick herbenoemd als lid van de Raad van Commissarissen met ingang van 19 april 2012 voor de maximale periode van vier jaar, dat wil zeggen tot het einde van de AVA in 2016.

Benoeming van Lid van de Raad van Commissarissen
De AVA heeft de heer G.J. Wijers benoemd als lid van de Raad van Commissarissen met ingang van 19 april 2012 voor de maximale periode van vier jaar, dat wil zeggen tot het einde van de AVA in 2016. De heer Wijers is onafhankelijk zoals gedefinieerd in de Nederlandse Corporate Governance Code van december 2008. Hij bezit geen aandelen in de vennootschap.

De stemuitslagen per agendapunt van de AVA van Heineken N.V. van 19 april 2012 zijn te vinden op www.heinekeninternational.com/agm_2012.aspx vanaf 20 april eind van de dag.