FNN

FNN: The sale of FNN’s 50% interest in Asia Pacific Investment to Heineken included a post-completion undertaking given by Heineken that the Heineken Group would not carry out any manufacture, distribution and sales of soft drinks for a period of two years (“Soft Drinks Non-Compete Clause”) ending 14 Nov ’14. Following discussions with the Competition Commission of Singapore (CCS), FNN has offered a voluntary undertaking to the CCS not to enforce the Soft Drinks Non-Compete Clause with respect to Singapore. FNN is currently unaware of any plans by Heineken to carry out any soft drinks business activities in Singapore.