11/17/2014

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STARBUCKS INVESTOR RELATIONS

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Starbucks Enters into Agreement to Establish a Joint Venture in Its Malaysian Operations; Reinforces Partnership between Starbucks and Berjaya
Group
KUALA LUMPUR, Malaysia--(BUSINESS WIRE)--July 13, 2004--Starbucks Coffee International, Inc., a wholly owned subsidiary of Starbucks Coffee
Company (Nasdaq:SBUX), today announced that it has entered into an agreement to acquire an equity position in its Malaysian licensee, Berjaya Coffee
Company (M) Sdn Bhd. The Malaysian company, which will change its name to Berjaya Starbucks Coffee Company Sdn Bhd as part of the transaction,
will now be jointly owned by Starbucks Coffee International and Berjaya Group Berhad.
"In just six short years, Starbucks has emerged as the leading brand of specialty coffee in Malaysia," said Pedro Man, president, Starbucks Coffee Asia
Pacific. "We believe that by entering into an agreement to purchase an equity stake in this market will position us to grow the brand further throughout
South East Asia. This buy-in is consistent with our long-term international expansion strategy.
"We strongly believe in the potential of Malaysia based on the acceptance of the Starbucks brand in the market," continued Man. "I want to thank
Berjaya for introducing the Starbucks brand to Malaysia. As the current market leader in the specialty coffee industry, we have a great opportunity to
strengthen our brand presence even more."
"Starbucks has been a great partner," said Francis Lee, a spokesperson for Berjaya Group Bhd. "This increase in equity shows Starbucks long-term
commitment to growing the business in Malaysia. Building on the early success we have achieved in the marketplace, we look forward to the
opportunities for Starbucks in the coming years."
Starbucks opened its first store in Malaysia on December 17, 1998 at KL Plaza, Jalan Bukit Bintang. To date, there are 49 Starbucks locations in Malaysia:
six in Penang, three in Johor Bahru, three in Genting Highlands and one in Kuantan, with the remainder of the stores located throughout the Klang
Valley.
This cash purchase is expected to close by July 2004. Following the closing, Starbucks Berjaya Coffee Company will be owned 49.9% by Starbucks
Coffee International and 50.1% by Berjaya Group Berhad, and each partner will have equal voting rights in the Company. The specific terms of the
agreement were not disclosed.
About Berjaya Coffee Company Sdn Bhd
Berjaya Coffee Company (M) Sdn Bhd is a wholly owned subsidiary of Berjaya Group Berhad, a Malaysian conglomerate with business ventures in
consumer marketing, hotel management, property and investment development, financial and gaming and restaurant chains locally and
internationally.
About Starbucks Coffee International
Starbucks Coffee International is a wholly owned subsidiary of Starbucks Coffee Company, the leading retailer, roaster and brand of specialty coffee in
the world, with more than 8,000 retail locations in North America, Latin America, Europe, the Middle East and the Pacific Rim. The Company is
committed to offering the highest quality coffee and the Starbucks Experience while conducting its business in ways that produce social, environmental
and economic benefits for communities in which it does business.
CONTACT: Starbucks Coffee Company
Caroline Wong, +852 22831161
cwong@starbucks.com
http://www.businesswire.com/cnn/sbux.shtml
or
Berjaya Coffee Company (M) Sdn Bhd
Sydney Quays, +603 2142 2266
sydneyquays@sub.berjaya.com.my
SOURCE: Starbucks Coffee Company

http://investor.starbucks.com/phoenix.zhtml?c=99518&p=irol-newsArticle_pf&ID=590175

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