UNITED BREWERIES LIMITED : RECEIVES FAVOURABLE HIGH COURT ORDER

• Company informs that it has received a favourable Order from the Hon'ble High Court of Judicature at Bombay, Bench at Aurangabad. • The Revenue's appeal against the CESTAT, Mumbai order in favour of Millennium Beer Industries Limited (now amalgamated with UBL) has been dismissed. • The court held that the Service Tax demand of ₹21.92 crore for the period September 2009 to November 2011 was barred by limitation. • Impact: Positive (Favorable court order reduces contingent liability to nil)

United Breweries Limited

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