United Breweries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 10, 2011 have considered and approved the amalgamation of the following companies into United Breweries Limited ('UBL') : I. PROPOSED RESTRUCTURING 1. UB Nizam Breweries Pvt Ltd ('UBN'); and 2. UB Ajanta Breweries Pvt Ltd ('UBA') Share Exchange Ratio The share Exchange ratios were recommended by two independent valuation experts i.e., Grant Thornton and SSPA & Co. Ambit Corporate Finance Pvt Ltd shall be providing fairness opinions on the swap-ratios recommended by the independent valuation experts. As consideration for Amalgamation, UBL will issue shares to the shareholders of the above companies in the following ratio: a. 1 (One) fully paid equity share of UBL of Re. 1 (Rupee One) each for every 454 (Four Hundred and Fifty Four) fully paid equity shares of UBN of Rs.10 (Rupees Ten) each. b. 1 (One) fully paid equity share of UBL of Re.1 (Rupee One) each for every 454 (Four Hundred and Fifty Four) fully paid preference shares of UBN of Rs.10 (Rupees Ten) each. c. 1 (One) fully paid equity share of UBL of Re. 1 (Rupee One) each for every 135 (One Hundred and Thirty Five) fully paid equity shares of UBA of Rs.10 (Rupees Ten) each. d. 1. (One) fully paid equity share of UBL of Re. 1 (Rupee One) each for every 135 (One Hundred and Thirty Five) fully paid preference shares UBA of Rs.10 (Rupees Ten) each. e. 2 (Two) fully paid equity share of UBL of Re. 1 (Rupee One) each for every 27 (Twenty Seven) fully paid preference shares of UBA of Rs.100 (Rupees Hundred) each. United Breweries Ltd has informed BSE that : 1. The Scheme of Amalgamation between UB Nizam Breweries Private Limited (UB Nizam) and United Breweries Limited has been approved by the Hon'ble High Court of Karnataka and the Committee of Directors of the Company at its meeting held November 14, 2011 have allotted 145,902 equity shares of the Company to the eligible shareholders of UB Nizam in terms of the Scheme. 2. The Scheme of Amalgamation between Chennai Breweries Private Limited and United Breweries Limited has also been approved by the Hon'ble High Court of Madras and Karnataka respectively and the Scheme of Amalgamation between Millennium Beer Industries Limited and United Breweries Limited and their respective shareholders and creditors has been approved by the Hon'ble Board for Industrial and Financial Reconstruction. The Company shall in due course allot equity shares to the eligible shareholders in terms of respective Schemes. (As Per BSE Announcement Website dated on 16.11.2011) United Breweries Ltd has announced the following results for the quarter ended September 30, 2012: The Unaudited results for the Quarter ended September 30, 2012 The Company has posted a net profit of Rs. 342.00 million for the quarter ended September 30, 2012 where as the same was at Rs. 195.20 million for the quarter ended September 30, 2011. Total Income is Rs. 8750.60 million for the quarter ended September 30, 2012 where as the same was at Rs. 7507.30 million for the quarter ended September 30, 2011. Millennium Beer Industries Limited (MBIL), United Millennium Breweries Limited (UMBL), UB Nizam Breweries Private Limited (UBNB), Chennai Breweries Private Limited (CBPL) and UB Ajanta Breweries Private Limited (UBAB) have been amalgamated with the Company on various dates during the previous financial year, consequent to this, the figures for the quarter and half year ended September 30, 2012 are not comparable with those of corresponding periods of the previous year (As per BSE Announcement Dated on 09.11.2012)