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Monday 25th July 2011

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Asahi Beverages New Zealand ("Asahi") is pleased to announce that the New Zealand Overseas Investment Office has today granted consent to the acquisition by Asahi of 100% of the issued share capital of Charlie's Group ("Charlie's") under its takeover offer dated 21 July 2011.

The offer remains conditional on the receipt of acceptances for 90% or more of the Charlie's shares and various other conditions customary for a transaction of this nature.

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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