Cerveceria Nacional Dominicana, C. por A. Announces Commencement of Tender Offer for 8.000% Senior Notes Due 2014

SANTO DOMINGO, Dominican Republic, Aug. 6 /PRNewswire/ -- CerveceriaNacional Dominicana, C. por A. (the "Company") announced today that it iscommencing a cash tender offer (the "Tender Offer") for up toUS$100,000,000 aggregate principal amount (the "Tender Cap") of itsoutstanding US$255,000,000 8.000% Senior Notes due 2014 (the "Notes").(CUSIP 157107AB9, P24028AB1 / ISIN US157107AB98, USP24028AB16 / CommonCodes 029375950, 029364761). The Tender Offer is scheduled to expire at 12:00 midnight, New YorkCity time, on Friday, August 31, 2007 (the "Expiration Date"), unlessextended by the Company. The total consideration per US$1,000 principalamount of the Notes validly tendered and not withdrawn is $1,035, whichincludes an early tender payment of US$35 per US$1,000 principal amount ofNotes (the "Early Tender Payment"). The Early Tender Payment is payableonly to holders of the Notes who tender and validly deliver their Notes onor prior to 5:00 p.m., New York City time, on Friday, August 17, 2007 (the"Early Tender Time"), if such Notes are accepted for purchase by theCompany. Holders who tender their Notes after the Early Tender Time and onor prior to the Expiration Date will be entitled to receive US$1,000 perUS$1,000 principal amount of the Notes (the "Purchase Price"), if suchNotes are accepted for purchase by the Company. In addition, holders willreceive accrued and unpaid interest on any tendered and accepted Notes fromthe last interest payment date to, but not including, the date on which theNotes are purchased. The Company expects to accept the Notes for purchasepromptly after the Expiration Date and expects that it will pay thepurchase price for the Notes on the business day following the date thatthe Notes are accepted. The Tender Offer is subject to the Tender Cap and consummation isconditioned upon the following events having occurred or been waived: (i)the Company having raised funds in one or more financings sufficient topurchase an amount of Notes up to the Tender Cap and to pay fees andexpenses in connection therewith on terms and conditions reasonablysatisfactory to the Company and (ii) satisfaction of other generalconditions described in the Offer to Purchase. The Company may increase orwaive the Tender Cap in its sole discretion. The purpose of the Tender Offer is to acquire up to the Tender Cap ofthe outstanding Notes which are denominated in U.S. dollars and replacethem with Dominican peso-denominated debt. By restructuring its debt insuch a way, the Company is seeking to decrease its exposure to shifts inthe exchange rate between U.S. dollar and Dominican peso. The Company is not soliciting consents to modify any of the covenantsin the indenture governing the Notes. The complete terms and conditions of the Tender Offer are described inthe Offer to Purchase, dated August 6, 2007, of the Company (the "Offer toPurchase") and the related letter of transmittal (the "Letter ofTransmittal"). The Company has engaged Citigroup Corporate and InvestmentBanking to act as dealer manager in connection with the tender offer. TheCompany has engaged Deutsche Bank Luxembourg S.A. as the Luxembourg TenderAgent. Questions regarding the Tender Offer may be directed to Citigroup at(212) 723-6108 (collect) or (800) 558-3745 (U.S. toll-free). Requests fordocumentation may be directed to Global Bondholder Services Corporation,the tender agent and information agent for the Tender Offer, at (212)430-3774 (for banks and brokers) or (866) 736-2200 (U.S. toll-free). This press release does not constitute an offer to sell or asolicitation of an offer to buy any securities, nor shall there be any saleof any securities in any state or jurisdiction in which such an offer,solicitation or sale would be unlawful prior to registration orqualification under the securities laws of any such jurisdiction. TheTender Offer is being made solely by the Offer to Purchase dated August 6,2007. The Tender Offer is not being made in Italy. The applicable provisions of the United Kingdom's Financial Servicesand Markets Act of 2000 must be complied with in respect of anything donein relation to the Tender Offer in, from or otherwise involving the UnitedKingdom. The Offer to Purchase and the Letter of Transmittal are only beingdistributed to and is only directed at (i) persons who are outside theUnited Kingdom or (ii) to investment professionals falling within Article19(5) of the Financial Services and Markets Act 2000 (Financial Promotion)Order 2005 (the "Order") or (iii) high net worth entities, and otherpersons to whom it may lawfully be communicated, falling within Articles49(2)(a) to (d) of the Order (all such persons together being referred toas "relevant persons"). Any investment or investment activity to which theOffer to Purchase and the Letter of Transmittal relate is available only torelevant persons and will be engaged in only with relevant persons. Anyperson who is not a relevant person should not act or rely on the Offer toPurchase and the Letter of Transmittal or any of their contents.