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CREDIt RAtING OF ANADOLU EFES

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Anadolu Efes Biracılık ve Malt Sanayii Anonim Şirketi<br />

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS<br />

As at December 31, 2010<br />

(Currency - Unless otherwise indicated thousands of Turkish Lira (TRL))<br />

NOTE 40. SUBSEQUENT EVENTS<br />

a) In accordance with the amendment in the Articles of Association, in Extraordinary General Meeting of EBI<br />

held on February 10, 2011, it has been decided to release each member of the Supervisory Board from his<br />

duties as member of the Supervisory Board of EBI and to discharge each member of the Supervisory Board<br />

from his respective liability for his supervision on the EBI’s management.<br />

b) CCİ has applied for the cancellation of the admission of its Global Depository Receipts to listing on the<br />

Official List and trading on the London Stock Exchange’s main market for listed securities due to limited trading<br />

volumes in recent years. The last day of listing and trading will be April 1, 2011 and Global Depository Receipts<br />

will continue to be traded on Over the Counter basis starting from April 2, 2011.<br />

c) In January 2010, CCİ’s Board of Directors approved the refinancing of USD360 million existing Club<br />

Loan maturing in March 2013 and refinancing the maturing facilities of CCİ and its subsidiaries in 2011 as<br />

well as to finance new borrowing needs by 3 year USD600 million financing, which has a bullet payment at<br />

maturity. USD425 million of the loan will be utilised by CCİ and the remaining part will be utilised by CCİ’s fully<br />

consolidated subsidiaries, The Coca-Cola Bottling Company of Jordan Ltd, J.V. Coca-Cola Almaty Bottlers<br />

LLP and CCI International Holland BV. CCİ will guarantee the subsidiary facilities.<br />

d) CCİ’s Board of Directors approved the purchase of 100% shares of SSG Investment Limited (SSG), who<br />

owns 40% shares of CC Beverage Limited (CCBL) that produces, sells and distributes Coca-Cola products<br />

in Northern Iraq and 50% share of JV Dubai who owns 60% shares of CCBL from The Coca Cola Export<br />

Corporation (TCCEC) by CCI Holland. In accordance with the regulations in relevant countries, upon payment<br />

of a total of USD36.90 million, the referred SSG and JV Dubai shares have been registered to CCI Holland as of<br />

March 9, 2011. Consequently, the Group’s share in JV Dubai and CCBL has been increased to 50,26%.<br />

<strong>ANADOLU</strong> <strong>EFES</strong> ANNUAL REPORT 2010<br />

215

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