1. United Breweries Limited quarterly briefing – Apr 06- Jun 06 Presentation August 2006

2. Key performance highlights 23% volume growth Kingfisher growth mild 18% (Industry 20.4%), strong 41% (Industry 28.8%) EBITDA (Adjusted for KBDL) Rs. 75.49 Crore, growth of 54% versus Q1 last year Profit after tax (unadjusted) 100% growth Growth in operating margins Merger plans on track Capacity expansion program underway. Greenfield developments have commenced

3. Industry Growth RegiongrowthComment North77%Primarily driven by policy change West17%Change in duty policy on mild beer in Maharashtra East0%Insufficient supply on account of growth in North South11%Growth in Kerala & TN offset by decline in Karnataka due to duty increase Central9%Growth in AP offset by decline in Orissa All India26%

4. as reported

5. EBITDA JUNE 05 Vs JUNE 06

7. Growth both in UBL & the combined beer business falling short of industry growth – a known phenomenon as indicated in the previous slide where the market share in June 05 (record breaking quarter) is lower than the year end market share. However the drop has been ever sharper in June 2006 on account of the Northern markets of Punjab, Haryana & Chandigarh growing at 300% plus. The loss of market share has been predominantly to smaller players with marginal / seasonal brands. UBL has already triggered expansion & new capacity creation in the North, plans revised in the light of this years excessive demand.

8. Summary Balance Sheet

9. Key Ratios The ROCE on the combined business is higher than that of UBL standalone - resultant lower Capital Employed on account of losses in subsidiaries

10. Average Realization and Cost of sales

11. The index values are from a base of 1000 as on 31.3.05 & The price of UBL shares from a Base of Rs. 1000 as on 31.3.05 Split restated at Rs. 10

12. Outlook Merger of ABDL & MBDL into UBL – procedures complete court order awaited Work started on green field projects & expansion of existing capacities Continuing management of costs / overheads & Cash