HEINEKEN Breweries LLC

Brewery Steering Committee (StS)

BCA part – Amur-Pivo Brewery

September 2014 YTD

BCA 2nd level – Fixed Costs

2

BCA 2nd level - Production – R&M control

3

Overspending due toPET line - total budget R&M expenditures were united with BJ552001 (packaging bottle), total -763 k rur (TO of packaging and label block was not done)

TIMING due to:• CO2 Plant - Grasso compressors TO (549 k RUR) was not fully

accomplished

• Site management general: railway alarm system repair was not done (120 k RUR) - the remaining saving will be used for repair of concrete floor of WH FG; SAVING 900 k RUR – cleaning (vs LE0);

• Malt intake & Storage: TO of Herbiger compressors WILL NOT BE DONE IN 2014

CC dev, rurPackaging Bott Line1 -2 161 253Site manag general -1 376 137CO2 Plant -944 348Malt Intake & Storag -700 593Maintenance Brewing -503 163Bright Beer Production & Storage-366 377Packaging - General -286 033Technical development supervisor-241 500Car pool -183 008Internal transport -111 796Quality Control -103 369Water -86 088Waste Water -63 054Brewing General -46 125Transportation General 0Wort Production 53 140Energy/Steam General 71 633Matured Beer Production 125 338Cooling Plant 127 764Elecrticity 195 786Maintenance Packaging 280 073Packaging - PET Line 1 398 523

4

Costcenter

Cost center nameMTDbudget

MTD ActSaving/

Overspending

Saving/Overspendin

g, %

YTDbudget

YTD ActSaving/

Overspending

Saving/Overspending,

%

budget2014

BJ512001 Quality Control 37 000 41 549 -4 549 -12% 415 248 311 877 103 371 25% 509 248BJ515006 Maintenance Packaging 110 000 73 665 36 335 33% 919 400 1 199 473 -280 073 -30% 1 209 400BJ515007 Maintenance Brewing 133 000 84 286 48 714 37% 1 297 000 793 839 503 161 39% 1 746 000BJ530002 Brewing General 5 125 5 125 100% 46 125 0 46 125 100% 61 500

BJ532001 Malt Intake & Storage 0 0 847 600 147 005 700 595 83% 850 600BJ532002 Wort Production 80 200 7 860 72 340 90% 1 329 400 1 382 541 -53 141 -4% 1 525 000

BJ533001 Matured Beer Prod 0 71 316 -71 316 86 830 212 167 -125 337 -144% 146 830BJ534001 B B Prod & Storage 14 000 14 000 100% 536 000 169 623 366 377 68% 578 000BJ550001 Packaging General 145 125 85 092 60 033 41% 371 125 85 092 286 033 77% 386 500BJ552001 Packaging - Bottle Line 37 000 1 339 35 661 96% 383 000 442 226 -59 226 -15% 494 000BJ555001 Packaging - PET Line 107 000 4 812 102 188 96% 2 220 479 1 398 522 821 957 37% 2 582 800

BJ571002 CO2 Plant 640 000 1 117 508 -477 508 -75% 3 768 360 2 824 013 944 347 25% 3 918 360

BJ571004 Cooling Plant 20 000 8 200 11 800 59% 535 000 662 764 -127 764 -24% 575 000BJ571005 Steam Plant 135 000 73 587 61 413 45% 1 432 200 1 503 833 -71 633 -5% 1 947 200BJ572001 Electricity 51 000 329 934 -278 934 -547% 624 950 820 736 -195 786 -31% 762 950BJ573001 Water 60 000 1 220 58 780 98% 570 920 484 831 86 089 15% 880 920BJ574001 Waster Water 0 0 90 000 26 946 63 054 70% 90 000

Total R&M Equipment 1 574 450 1 900 368 -325 918 -21% 15 473 637 12 465 488 3 008 149 19% 18 264 308

BJ515005 Site manag General 197 373 204 648 -7 275 -4% 2 895 548 2 268 745 626 803 22% 3 470 031Total technical department 1 771 823 2 105 016 -333 193 -19% 18 369 185 14 734 233 3 634 953 20% 21 734 339

Сleaning 392 999 848 087 -455 088 -116% 3 536 994 2 546 163 990 830 28% 4 715 992Total Production department 2 164 822 2 953 103 -788 281 -36% 21 906 179 17 280 396 4 625 783 21% 26 450 331

BJ763001 Internal Transport 87 500 71 816 15 684 18% 787 500 675 704 111 796 14% 1 050 000BJ766002 Car pool 41 700 0 41 700 100% 374 900 191 893 183 007 49% 500 000

Total Logistic Department 129 200 71 816 57 384 44% 1 162 400 867 597 294 803 25% 1 550 000Grand Total 2 294 022 3 024 920 -730 897 -32% 23 068 579 18 147 993 4 920 586 21% 28 000 331

The execution of the budget repair and maintenance equipment and buildings in September, 2014, RUBИсполнение бюджета ремонта и обслуживания оборудования и зданий в сентябре 2014 года в руб.

BCA 2nd level – Fixed Costs – Other Fixed Costs

SAVING due to: Spent grain utilization 404 k RUR. ♦ Fire alarm and warning system TO Jan-Mar was not

done (137 k RUR)♦ Volume handled - decrease on 16% (Sept YTD)♦ Volume produced – decrease on 12% (Sept YTD)♦ Other 3 party services (380 k RUR)

5

SCOA bud, k rur act, k rur dev, k rurLoad-unload services 11 202 8 112 -3 090Other expenses 1 446 420 -1 026Spent grain utilization 584 180 -404Business trips and travelling 658 426 -232Laboratory costs 1 282 1 110 -172Environmental charges 548 379 -169Non Capital Furniture and Equipment 80 0 -80Rental&leasing 2 628 2 565 -62Legal fees 60 0 -60Meetings and Conferences 55 14 -41Insurance 29 4 -24Car pool service 21 2 -18Representation 19 18 -1Other taxes 2 555 2 555 0repairs of pallets 441 441 0Stationary and offi ce materials 121 157 36Postage, Couriers and paper 189 582 393

OFC September YTD

Ʃ = -4 949 KRUR

Logistic costs – loading-unloading services

6

Saving due to:

• Decrease in volumes handled and traded on 15%

• 5% increase of tariff was budgeted, but not implemented actually (from March)

September MTD:

Accruals were not included -204 k rur

BCA 2nd level - Production – Depreciation

7

Overspending due to: Packaging bott line -actual depreciation amount excess over planned depreciation on packaging fixed assets:packaging btl line, btl washing machine. Usefull life less than 1 year (7 months, act amount is 1,9 mln RUR monthly on 2 assets). Will be corrected during the year – SEPT YTD +8,4 mio rur

Factor analysis September 2014, rub (positive - saving, negative- overspending)

budget 2014 YTD

volume tariffconsumption

per HL

mix own wells / purchased

water

mix / types of energy

other actual 2014 YTD

Electricity 10 563 883 1 474 928 -938 684 -142 788 -30 882 10 201 310Thermal energy 12 685 141 1 557 516 152 532 -783 704 -123 842 -8 653 11 891 291

Water &WW 3 451 959 279 901 -13 652 550 014 -385 294 0 3 020 990

Penalties WW 3 661 017 3 661 017

Watertreatment -12 668 12 668Total rub 30 361 999 3 312 345 -799 804 -376 479 -385 294 -123 842 -52 204 28 787 276

BCA 2nd level - Production – E&W

8

Actual tariff is higher than budgeted 3,00 vs 2,7 kW/h

Transportation cost Bud’14 (LE3) vs Act’14

9