Sydney, 6 June: Lion Nathan Australia (LNA) has today announced that its spirit and ready-to-drink (RTD) brands, McKenna Bourbon and Inner Circle Rum, will be sold in Australia exclusively through Bacardi-Lion, the existing 50/50 joint venture between Lion Nathan and Bacardi Martini from October 1, 2008.

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Lion Nathan has acquired the USA wine importer Cumulus Wine Inc. (CWI), a subsidiary of the New South Wales based Cumulus Group, establishing a new wine import company Lion Nathan USA Inc, thereby guaranteeing a platform for Lion Nathan’s Australian and New Zealand premium wine portfolio in the USA market.

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Lion Nathan Limited (Lion Nathan) has posted a strong interim result, lifting operating net profit after tax (NPAT) by 7.0% to $167.7 million for the six months to 31 March 2008. Net sales revenue again grew strongly, rising 7.9% to $1.12 billion as increased investment in marketing and innovation initiatives continued to encourage drinkers to shift to higher equity national and premium brands. The robust revenue improvement was also assisted by the earlier timing of Easter in 2008 and the inclusion of almost three months of Boag’s trading following its acquisition in January 2008.

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Lion Nathan NZ today released details of price increases for beer, wine, spirits and ready-to-drinks (RTDs) to take effect from 1 July 2008. Beer prices will rise by around 5.5 percent, wine prices will rise by up to 3.9 percent and spirit prices will increase by around 5.3 percent.

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Lion Nathan Australia today announced that it will take immediate steps to cease production of energy Ready To Drinks (RTDs) and will also set a voluntary limit of two standard drinks per single serve RTD container.

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Lion Nathan today announced its trading update for the quarter ended 31 December 2007. The quarter was characterised by strong revenue growth driven by continuing mix shift to premium beers and higher equity brands as well as brand innovation generated over the past three years. This value growth helped offset cost pressures arising over the last two years due to the Australian drought, the global commodities boom and rising oil prices which have caused significant cost inflation for the industry and our customers.

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Lion Nathan announced today that it had secured A$450 million of new debt funding to refinance existing debt facilities. The new funding has a weighted average maturity of 4.3 years and was arranged by Lion Nathan from within its existing Banking Group.

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Lion Nathan today announced that it has received clearance from the Australian Foreign Investment Review Board (FIRB) for its purchase of Tasmanian brewer J. Boag & Son Pty Limited (Boag) from Philippines based San Miguel Corporation.

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