United Breweries Holdings Ltd.

United Breweries (Holdings) Ltd (UBHL), headed by Dr. Vijay Mallya, is
 the result of demerger of brewing business from the erstwhile United
 Breweries Ltd to a separate company, United Breweries Limited (UBL).
 The demerger left the company with investments in the group companies
 and real estate business. The company`s principle activities are to
 develop, market and export alcoholic beverages, leather footwear,
 pharmaceutical products, agrochemicals and processed foods. In
 addition, the group provides engineering colleges, air
 transportation, agrochemicals etc. through its subsidiaries.
 
 
 YEAR                                                            
 EVENTS
 1915 - The Company was Incorported at Chennai.  The Company runs a
        brewery and has interest in pharmaceuticals, chemicals, and
 fruit 
        preservation through substantial holding in other companies. 
 The
        products manufactured are beer, stout brewer's yeast, etc.
 
 1938 - Preference shares redeemed at Rs 105 each.
 
 1958 - 8,000 No. of shares of Rs 25 each issued as bonus and the
 shares
        of  Rs 75 each and Rs 25 each consolidated into sha
        each.
 
 1959 - In August, the Company offered for sale 20,000 equity shares
 of
        Rs 10 each of McDowell & Co., at Rs 20 per share excluding
 the
        dividend for the year ended 31st December, 1958.
 
      - The following are the subsidiaries of the Company: (1) Blue
        Mountain Food Products Ltd. (2) Cardboard Industries Ltd.
        (3) VB Information & Consultancy Services Ltd. (4) MWP Ltd.
        5) Mysore Wine Products Ltd. (6) Nepal Liquors Pvt. Ltd.
        (7) Masoneilan (I) Ltd. (8) UB Petrochemicals Ltd. (9) UB
        Breweries Ltd. (10) McDowell Krest Finance Ltd. (11) Shilton
        Hotel  Pvt. Ltd. (12) UB Pharmaceuticals Ltd. (13) U.B.
 Global
        Corpn. Ltd. (14) UB Resorts Ltd. (15) UB Transit Systems Ltd.
        (16) United Breweries (Holdings) Ltd. (17) Vitasta
 Investments
        Ltd. (18) UB Investments Ltd.
 
      - Shares sub-divided.  Authorised capital increased.  40,000
 bonus
        equity shares issued in the proportion 1:2.
 
 1960 - 80,000 right equity shares issued at par in the proportion
 2:3.
 
 1961 - 50,000 right equity shares issued at par in the proportion
 1:4.
 
 1963 - 250,000 bonus equity shares issued in the proportion 1:1.
 
 1966 - 5,00,000 bonus equity shares issued in the proportion 1:1.
 
 1975 - 20,00,000 bonus equity shares issued in the proportion 1:1.
 
 1986 - 20,00,000 bonus shares issued in prop. 1:1 and allotted on
        18th August.
 
      - A programme of modernisation was taken in hand at the
 Bangalore
        Unit.
 
 1987 - The Bangalore Brewery was closed for 40 days during
 July/August
        1987 due to industrial unrest and the Hyderabad brewery was
        closed for about 30 days following an order from the Andhra
        Pradesh Pollution Control Board.
 
 1988 - The Company entered into a memorandum of understanding with
        M/s. Jenson and Nicholson of the U.K.
 
      - The name of the Company was changed from United Breweries,
 Ltd.
        to UB, Ltd.
 
 1989 - As a measure of diversification, the Company proposed to take
 up
        the manufacture of bulk drug, and pharmaceuticals on a
 priority
        basis.
 
      - Various balancing equipments were installed at the Bangalore
 unit
        to bring about improvement in the quality of the products.
 
      - The Company undertook steps to export software to USA and
 other
        countries.  Plans were also underway to establish a
 sophisticated
        tele-communication network for data transmission to further
        improve its Management Information Systems.
 
 1990 - During August-September the Company offered 3,20,000-12.5%
        secured convertible debentures of Rs 300 each on `Rights'
 basis
        in the proportion 4:5.  Another 16,000 debentures were issued
 to
        the employees under the Employees' Stock Option Scheme.  A
        total of 3,71,363 debentures were allotted.
 
      - Part-A of Rs 200, the face value of each debenture was
 converted
        into 5 equity shares of Rs 10 ech at a premium of Rs 30 per
 share
        on 23.4.1991.  Accordingly, 18,56,815 equity shares were
        allotted.  Remaining Part-B of the phase value of debenture
 were
        to be redeemed at par on the expiry of 8th year from the date
 of
        allotment.
 
 1992 - With effect from 1st April, three wholly owned subsidiaries
 viz.
        High Range Breweries Ltd., Kesarval Beverages Ltd. and
 Kalyani
        Brewerie Ltd. were amalgamated with the Company.  Consequent
 upon
        the amalgamation, the shares held by the Company in the above
        three subsidiary companies stood cancelled.
 
      - Five more wholly owned subsidiaries viz., Golden Investments
        Ltd., Eudeavour Investments Ltd., East Coast Investments
 Ltd.,
        Consolidated Investments Ltd. and Enterprise Investments Ltd.
        were also amalgamated with the Company with effect from 1st
        April.
 
      - Three brewery companies viz., Punjab Breweries Ltd., Indo
        Lowenbran Breweries Ltd. and Premier Breweries Ltd. were
        amalgamated with the company.  Consequent upon amalgamation,
 the
        erstwhile shareholders of Punjab Breweries Ltd., and Indo
        Lowenbran Breweries Ltd. were allotted 10,21,435 equity
 shares
        of Rs 10 each.
 
      - 58,56,815 shares allotted as bonus in proportion 1:1.
 
 1993 - During the period, Kingfisher Lager was introduced in cans
 and
        pints in Mumbai.
 
      - A private placement of debentures of Rs 100 each aggregating
 to
        Rs 10 crores and redeemable not later than 18 months from the
        date of allotment was made with Citibank, NA on November 28th
        1994.
 
      - 12.5% secured redeemable NCD of Rs 125 each issued by Punjab
        Breweries Ltd., since merged with the Company, came up for
 first
        instalment of redemption on April 19, 1995 and the
 obligations
        were met by the Company reducing the face value of the said
        debentures on redemption of Rs 85 per debenture.
 
      - The Company issued 25,000,000 convertible warrants of Re. 1
 each
        to McDowell & Co. Ltd. a promoter group company as per terms
 as
        set out in the warrant certificate.
 
      - During December the Company offered 46,85,452 equity shares of
 Rs
        10 each for cash at a premium of Rs 25 per share on rights
 basis
        in the rates to 2 shares for every 5 shares held (all were
 taken
        up).
 
      - Another 52,80,318 shares of Rs 10 each for cash at a premium
 of
        Rs 25 per share are reserved for firm allotment to the
 promoters
        (all were taken up).
 
      - 1,23,20,600 shares of Rs 10 each for cash at a premium of Rs
 25
        per share are reserved for preferential allotment of which
        12,32,000 shares to financial institutions, 12,32,000 shares
 to
        UB group companies, 1,79,800 shares to the employees,
 12,32,000
        shares to Mutual Funds, 23,40,900 shares to NRIs, 6,16,000
 shares
        to foreign institutional investors including mutual funds,
        pension funds, investment trusts, asset management companies,
        nominee companies etc. (all were taken up).
 
      - 54,87,900 shares along with the remaining unsubscribed portion
 if
        any of the preferential allotment were to be added (only
 11,900
        shares were taken up).
 
 1994 - Draught Beer was introduced in cities like Mumbai, Calcutta
 and
        Pune because of the immense popularity in Bangalore. 
 `Kalyani
        Premium Strong' was launched in western India and `Kalyani
        Export Special' commenced sales in the U.K. during the year.
 
 1996 - The Company continued the policy of modernising and expanding
        manufacturing capabilities with emphasis on quality as well
 as
        new product development.  The company proposed to launch two
 new
        products.
 
 1997 - A new product - `UB Premium ICE Beer' was launched, which was
        well received in the market.
 
      - The Company had acquired Mumbai Breweries at Taloja,
 Maharashtra,
        a division of Herbertsons Ltd.
 
      - 13,75,427 No. of equity shares were allotted to erstwhile
        shareholders & Punjab Breweries Ltd., Indo-Lowenbran
 Breweries
        Ltd. and Premier Breweries Ltd. as per the scheme of
        amalgamation.
 
      - United Breweries of America, Inc. (UBA), an affiliate of the
 UB
        group, signed an agreement in Portland, USA, to acquire 45
 per
        cent equity for $8.63 million in cash, in a new entity
        comprised of the consolidation of Nor'Wester Brewing Company
        and WVI/Microbreweries Across America.
 
      - The United Breweries is contemplating setting up of star
 hotel
        on Vittal Mallya road, soon after the re-location of its
        brewery out of the city limits.
 
      - Kingfisher has staged another coup by entering into a
 contract
        with Ajay Jadeja and Saurav Ganguly the successful duo of
        Indian Cricket.
 
      - United Breweries Ltd. has emerged as the largest exporter of
        beer in the country.
 
      - United Breweries Ltd. (UBL) has decided to hive off its
        wholly-owned subsidiary, MIL Controls Ltd, to German
        multinational, KSB Pumps GmbH.
 
      - UBL has signed a memorandum of understanding with the
        multinational around one-and-a-half months back for the
 proposed
        disinvestment.
 
      - UBSN is a 50:50 joint venture company between Shepherd Neame
        and UB International UK (UBI).
 
      - Kingfisher Lager is manufactured in UK through United
 Breweries
        plc - a 100% subsidiary of UB India.
 
 1998 - United Breweries launched the country's first premium Ice
 Beer
        to be introduced in Mumbai and selected cities of
 Maharashtra.
 
      - The company has tied with Balaji Distilleries to bottle for
 the
        first time in Tamil Nadu its brand beers with a capacity of
        500,000 cases per annum.
 
      - United Breweries Ltd. (UBL) proposes to enter into a joint
        venture with Ugar Sugars of Belgaum to produce high-quality
        barley, which it will use to produce beer.
 
      - UB is first Indian breweries to get the certification for
        effective implementation of quality management systems.
 
      - The United Breweries has launched a new speciality beer-UB
 Ice.
        This is the first-time that an ice beer has been introduced
 in
        the country.
 
 1999 - United Breweries Ltd (UB) announced the launch of a new
        subsidiary company, Millennium Alcobev Ltd (MABL).
 
      - United Breweries Ltd. (UB), has launched
        www.kingfishernetshop.com, an Internet shop for the complete
        range of Kingfisher beer and Kingfisher line of clothing &
        accessories.
 
 2000 - United Breweries Ltd., has recently launched its fast growing
              brand Kingfisher Strong on the Net in Bangalore.
 
            - Kingfisher, major lager beer and flagship brand of
 United
              Breweries, was adjudged the best beer in class `A'
 category at
              the International Beer Awards 2000.
 
           - The United Breweries Ltd. and its subsidiary Millennium
 Alcobev
              Ltd. have entered into a contract agreement with Mohan
 Meakins to
              brew beer at the latter's facilities in Maharashtra,
 Uttar
              Pradesh, Andhra Pradesh and Daman.
 
           - Mr. Ravi Jain's Millennium Alobev Ltd. a subsidiary of
 United Breweries,
             is in negotiations with an international beer company for
 an equity joint 
             venture to market a super premium beer in India.
 
           - United Breweries, the holding company of the UB group,
 will be bifurcated 
              into two companies: a beer company and an investment
 holdings/property
              entity.
 
           - UB Ltd has carried out a reorganisation of its businesses
 by hiving off four 
             subsidiaries and making seven companies its fully-owned
 arms, apart from 
             acquiring the sorghum business of South African Breweries
 Ltd.
 
           - United Breweries Ltd. acquired two breweries of
 Aurangabad-based Inertia
             Industries located in Aurangabad and in Haryana.
 
           - Vijay Mallya's United Breweries has entered into a
 strategic allance with 
             Intertia Industries to produce beer using the latter's
 manufacturing facilities
             in Haryana and Maharashtra.
 
           - The Company has signed an agreement to acquire 65 per
 cent of the equity
             of Associated Breweries and Distilleries Ltd.
 
 2001 - The United Breweries will re-launch San Miguel and London
 Pilsner the new
              beer brands in its portfolio.
 
            - United Breweries Ltd has consumated an agreement to
 purchase 75 per cent of
               Mangalore Breweries & Distilleries Ltd, through its
 wholly owned subsidiary United 
               Breweries (Holdings) Ltd.
 
            - United Breweries (Holdings), a wholly-owned subsidiary
 of United Breweries,
              has entered into an agreement to acquire up to 75 per
 cent of the paid-up equity capital
              of Mangalore Breweries and Distilleries Ltd.
 
           - The United Breweries (UB) group has signed reseller and
 licence agreement to 
              market SeeItFirst interactive streaming media solutions
 in Asia.
 
            -U B Ltd has increased the borrowing limit of the company
 by Rs 200 crore to Rs 700 crore to fund its                        
 various plans including acquisitions.
 
           - United Breweries Ltd. (UBL), the largest beer
 manufacturer and marketing company, has launched two             more
 premium brands-London Pilsner premium beer and London No.1 strong beer
 - in Hyderabad.
 
 2002
 
 -United Breweries Ltd has informed that their ultimate subsidiary
 McDowell Alocbev Ltd (MAL) has concluded an agreement arising out of
 which, MAL have acquired 100% shareholding in Empee Breweries Ltd
 which is having two breweries, one in Kerala and one in Tamil Nadu.
 
 2003
 -United Breweries (Holdings) Ltd. has informed that at the AGM held
 on September 26, 2003, the members have approved to delist the shares
 of the Company from New Delhi, Ahmedabad, Calcutta, Ludhiana, Chennai,
 Hyderabad and Cochin Stock Exchanges.
 
 2004
 -United Breweries Holdings Ltd will be buying the 50 per cent stake
 held by United Distiller Plc of Scotland in its 50:50 joint venture,
 United Distillers India. The company was set up exclusively for
 scotches and has a distilling plant at Nashik.
 
 -United Breweries Holdings Ltd has informed that the Board of
 Directors in their meeting held on December 18, 2004, authorised on
 behalf of the Company, Dr Vijay Mallya, Chairman to execute
 agreements, with Scottish & Newcastle Plc (S&N), Strategic partner of
 United Breweries Ltd.
 
 2005
 
 -United Breweries Holdings Ltd has informed that pursuant to the
 amalgamation of United Breweries of America Inc., British Virgin
 Islands, into the Company:
 
 1. The equity shares of the Company would be issued to M/s. Watson
 Ltd, shares of which are in turn held by M/s. Continental
 Administration Services Ltd.
 
 2. The post merger shareholding in the Company of the promoters and
 parsons acting in concert would to be 54.93%.
 
 Further the Company has informed that 25% of the Equity shares of the
 Company that would be issued to Watson Ltd will be kept under Lock-in
 for a period of 3 years from the date of listing of these shares on
 the Bombay Stock Exchange.
 
 2006
 -United Breweries Holdings Ltd has informed that Mr. B S Patil has
 been appointed as an Additional Director of the Company with effect
 from March 22, 2006, in terms of Article 114 of the Articles of
 Association of the Company.
 
 -Further the Company has informed that Mr. Mani Narayanaswami ceases
 to be Director of the Company with effect from March 22, 2006.
 
 -United Breweries (Holdings) Ltd has given the Bonus in the Ratio of
 1:1                                           
 
 2007
 - Edelweiss Capital Ltd (Manager to the Offer) on behalf of
 Kingfisher Radio Ltd, a wholly owned subsidiary of United Breweries
 (Holdings) Ltd, along with the Persons Acting in Concert (PAC),
 namely, United Breweries (Holdings) Ltd, its 100% subsidiary, UB
 Overseas Ltd and such other person / persons whom United Breweries
 (Holdings) Ltd may nominate (hereinafter collectively referred to as
 Acquirers), has issued this Public Announcement (PA) to the
 shareholders of Deccan Aviation Ltd (Target Company), pursuant to
 Regulations 10 & 12 of the Securities and Exchange Board of India
 (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and
 subsequent amendments thereto, [SEBI (SAST) Regulations].
 
 The Offer
 
 The Acquirers are making an Offer to the public shareholders of the
 Target Company to acquire upto 27,094,024 fully paid equity shares of
 Rs 10/- each, representing in the aggregate 20% of the Post Issue
 Voting Capital at a price of Rs 155 per share (Offer Price), payable
 in cash and subject to the terms & Conditions mentioned in PA. (the
 Offer)
 
 Scheduled of Activities
 
 Specified Date: June 07, 2007
 
 Date of Opening of the Offer: July 25, 2007
 
 Date of Closing of the Offer: August 13, 2007
 
 2008
 
 -United Breweries Holdings Ltd has recommended  a dividend of 10%
 
 2009
 
 -United Breweries & Heineken Join Hands to Lead Indian Beer Market 
 
 2010
 
 -United Breweries Holdings Ltd has recommended a dividend of Re.1 per
 share (10%)
 
 2011
 
 -United Breweries Holdings Ltd has recommended a dividend of Re.1 per
 share (10%)
 
 2016
 
 -UBHL gets nod to buy Rs 150-cr goods from UBL.