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Company Response

5 Feb 2021

Kirin's response

5 February 2021

We thank you again for your interest in Kirin Holdings and for reaching out to us for our comment on this matter.

I wanted to let you know that in light of the recent actions of the military in Myanmar, Kirin has announced today its decision to terminate its joint-venture partnership with MEHPCL. We will be taking steps as a matter of urgency to put this termination into effect and will do so in a responsible and transparent manner. We hope to find a way forward that will allow us to continue creating a positive impact on Myanmar’s economy and society through our operations at Myanmar Brewery Limited and Mandalay Brewery Limited.

The statement can be found at the following links:

EN https://www.kirinholdings.co.jp/english/news/2021/0204_01.html

JP https://www.kirinholdings.co.jp/news/2021/0204_01.html

Respect for human rights is fundamental to all of our business activities and that we take our responsibilities in Myanmar very seriously. We remain committed to taking necessary action and ensuring our global business activities adhere to the highest standards of corporate and social responsibility.

A further update on Kirin’s position will be provided in due course.

We appreciate and welcome continued dialogue with you on this matter.

Part of the following timelines

Myanmar: Kirin withdraws from Myanmar after allegations that subsidiaries have business ties with Myanmar's military conglomerate; co. responds to NGO's criticism of being "irresponsible"

Myanmar: Military overthrows country's democratic government, hands power to army chief who allegedly presides over businesses & conglomerates with links to intl. companies

Myanmar: Report exposes businesses linked to Myanmar military Senior General and his family, suggests financial interests as motive for attempted coup