Namibia Breweries Trading Statement

In compliance with the Namibian Stock Exchange Listing Requirements, NBL shareholders are advised that the Company´s earnings per share for the period ended 31 December 2014 is expected to decrease materially by approximately 25% compared to the previous year.

Despite the aforesaid, headline earnings per share and operating profits will increase by between 5% and 6% compared to the previous year.

This trading statement has not been reviewed or reported on by NBL´s external auditors and shareholders are advised to exercise caution when dealing in the company´s shares until publication of the financial results for the period ended 31 December 2014.