[first sentense]

May 22, 2009

Kirin Holdings Completes Sale of San Miguel Corporation Shares

Tokyo, May 22, 2009—Further to the press release announced on February 20, 2009 ("Sale of Shares in San Miguel Corporation"), Kirin Holdings Company, Limited (Tokyo, Japan; President and CEO, Kazuyasu Kato; hereafter, "Kirin") has completed today the sale of its entire shares in San Miguel Corporation (Manila, Philippines; Chairman and CEO, Eduardo M. Cojuangco, Jr.; hereafter, "SMC") to Q-Tech Alliance Holdings, Inc. (Manila, Philippines; President, Eric Recto; hereafter, "Q-Tech").

1. Summary of the Sale of SMC Shares

(1) Method of Sale: Private transaction between Kirin and Q-Tech
(2) Purchaser: Q-Tech Alliance Holdings, Inc.
(3) Timing of Sale: May 22, 2009
(4) Number of Shares Sold: 628,666,675 shares
(19.91% of the issued and outstanding SMC shares*1)
* Kirin sold the entire shareholding it owned.
(5) Sale Price: Php63 per share (Approx. ¥126*2)
Total acquisition price: Approx. Php39.61 billion (Approx. ¥79.2 billion*2)
  • *1 Based on the number of shares as of December 31, 2008.
  • *2 Php1.00 = ¥2.0 (as of May 21, 2009)

2. Corporate Factsheet of Q-Tech Alliance Holdings, Inc.

(1) Company Name: Q-Tech Alliance Holdings, Inc.
(2) Location of Headquarter Office: Manila, Philippines
(3) President: Eric Recto
(4) Business Description: Investment management