Quilmes Industrial (QUINSA) S.A. Announces Outcome of its Ordinary General Meeting

LUXEMBOURG, June 30  /PRNewswire-FirstCall/ -- Quilmes Industrial (QUINSA) S.A. (NYSE:LQU) ("Quinsa" or the "Company") announced today the outcome of its Ordinary General Meeting for the financial year ended December 31, 2007 that took place in Luxembourg on June 27, 2008.

The Ordinary General Meeting heard the report of the Board of Directors and the reports of the statutory and independent auditors for the financial year 2007 and approved the annual consolidated and unconsolidated accounts for the year ended December 31, 2007.

The General Meeting also approved the dividend distribution for the year ended December 31, 2007. July 15, 2008 will be the date for payment of the dividend of US$0.069185 net per share to all holders of Class A shares and of the dividend of US$0.691850 net per share to all holders of Class B shares tendering coupon No 16. Dividends will be paid to the holders of record as of July 15, 2008.

  The Meeting renewed the mandate of Mr. Victorio Carlos de Marchi.

  ABOUT QUINSA


Quinsa is a Luxembourg-based holding company that controls approximately 93% of Quilmes International (Bermuda) ("QIB"). The remaining stake is held by AmBev.

Quinsa, through QIB, controls beverage and malting businesses in five Latin American countries. Its beer brands are strong market leaders in Argentina, Bolivia, Paraguay and Uruguay, and have a presence in Chile. Further, pursuant to Quinsa's strategic alliance with AmBev, it has entered into license and distribution agreements to produce and sell in Argentina, Bolivia, Chile, Paraguay and Uruguay the AmBev brands.  Similarly, under the agreements, AmBev may produce and distribute Quinsa's brands in Brazil.

Quinsa also has bottling and franchise agreements with PepsiCo, and thus accounts for 100% of PepsiCo beverage sales in both Argentina and Uruguay.

Quinsa's Class A and Class B shares are listed on the Luxembourg Stock Exchange (Reuters codes: QUIN.LU and QUINp.LU). Quinsa's American Depositary Shares, representing Quinsa's B shares, are listed on the New York Stock Exchange (NYSE:LQU).

  Quinsa's web address: http://www.quinsa.com/

  ABOUT AMBEV


AmBev is the largest brewer in Brazil and in South America through its beer brands Skol, Brahma and Antarctica.  AmBev also produces and distributes soft drink brands such as Guarana Antarctica, and has franchise agreements for Pepsi soft drinks, Gatorade and Lipton Ice Tea.  AmBev has been present in Argentina since 1993 through Brahma.

  CONTACT:
  Guillermo Zuzenberg
  Quilmes Industrial (Quinsa) S.A.
  [phone]


DATASOURCE: Quilmes Industrial (Quinsa) S.A.



CONTACT:  Guillermo Zuzenberg, Quilmes Industrial (Quinsa) S.A.,

+011-5411-4349-1846



Web site:  http://www.quinsa.com/ 

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