Heineken Malaysia Berhad (“HEINEKEN Malaysia” or “the Company”) would like to announce the upcoming retirement of Mr Martin Giles Manen, Senior Independent Non-Executive Director, from the Board of Directors (“the Board”), which will take effect after the conclusion of the Company’s 57th Annual General Meeting (“AGM”), the date of which will be announced in due course.

Mr Manen was appointed to the Board as an Independent Director of the Company on 29 August 2008. He was subsequently appointed as Chairman of the Audit & Risk Management Committee (“ARMC”) on 4 November 2010 and was later designated as Senior Independent Director on 22 November 2012. He also served as a member of the Nomination & Remuneration Committee (“NRC”). Mr Manen has played an instrumental role in providing valuable guidance and wise counsel on matters relating to the Company’s financial reporting, internal control, risk management and corporate governance.

The Board of Directors and Management would like to convey their heartfelt gratitude and appreciation to Mr Manen for his invaluable contributions and support as a long-serving member of the Board and the Board Committees.

Mr Manen will be succeeded by Mr David Lau Nai Pek whom will be appointed as an Independent Non-Executive Director, with effect from the day after the 57th AGM of the Company. Mr David Lau Nai Pek will also assume the role of ARMC Chairman and NRC member upon the retirement of Mr Manen.

Mr David Lau Nai Pek is a finance professional with more than 35 years of working experience in various locations including New Zealand, Brunei, United Kingdom, Malaysia, China and the Netherlands. He retired from Shell Malaysia in August 2011 after serving the Royal Dutch Shell Group for over 30 years. His major assignments include Finance Director of Shell Malaysia, Finance Director of Shell China, Global Controller of the Exploration & Production Division of Royal Dutch Shell Group, and Vice-President Finance of Shell International Exploration and Production B.V., in the Netherlands. Upon his retirement from Shell, David served 12 years with Axiata Group Berhad and Celcom Axiata Berhad as an Independent non-executive Director and Chairman of their Board Audit Committees, and 11 years with Employees Provident Fund, Malaysia as an Independent Investment Panel member. He is currently the Chairman of Dialog Axiata PLC in Sri Lanka and Smart Axiata Ltd in Cambodia; a Board member of KKB Engineering Bhd and a Board member and Chairman of the Board Audit Committee of the Malaysia Airlines Group.

With his breadth of expertise and experience, the appointment of Mr David Lau Nai Pek to the Board will bring further diversity and enhance the core competencies of the Board.

The Company will make the necessary announcements on the above changes in the Boardroom, once the changes take effect.

This announcement is dated 2 April 2021.