BRAND:

HISTORY:The beginnings of what is today The UB Group are rooted in the flagship company, United Breweries Limited, (UBL) also referred to as the Beer Division. Led by Mr. Kalyan Ganguly, President & Managing Director, it has a 40% market share in the country. It all began with 5 breweries in South India. The oldest of which, Castle Breweries, dated back to 1857. United Breweries, as these breweries were named in 1915 has come a very long way. United Breweries Limited, the flagship company of the UB Group, has an association with the brewing dating back over five decades, starting with 5 breweries in South India in 1915. The Division today boasts an impressive spread of 11 own and 15 contract manufacturing facilities throughout the Country. The company was bought by late Mr. Vittal Mallya in 1947, and since then has never looked back. Today each one of the 32,000 Beer outlets in India sells one brand or the other from United Breweries. The UB Group has solid Scottish genes, founded as it was (expectedly) by a Scottish gentleman- Thomas Leishman (1915). MISSION STATEMENT: We constitute a large, global group based in India. We associate with world leaders in order to adopt technologies and processes that will enable a leadership position in a large spectrum of activities. We are focused on assuming leadership in all our target markets. We seek to be the most preferred employer wherever we operate. We recognize that our organization is built around people who are our most valuable asset. We will always be the partner of choice for customers, suppliers and other creators of innovative concepts. We will continually increase the long-term value of our Group for the benefit of our shareholders. We will operate as a decentralized organization and allow each business to develop within our stated values. We will be a major contributor to our National Economy and take full advantage of our strong resource base. We commit ourselves to the ongoing mission of achieving Scientific Excellence.

MANAGEMENT TEAM OF U.B.: Dr. Vijay Mallya. Chairman Mr. V. K. Rekhi. President of Spirit Division BUSINESS OF UB:The Group's principle activities are to develop, market and exports leather footwear, alcoholic beverages, pharmaceutical products, agrochemicals and processed foods. In addition, the group provides Engineering Colleges, print media, Air Transportation, Agrochemicals etc. through its subsidiaries. Popular brands include Kingfisher, UB Export, London Pilsner, Premium Ice, No.1 McDowell's Brandy, No.1 McDowell's Celebration Rum, No.1 McDowell's Whisky and Kalyani Black label. The Group operates in Europe, Asia, America, Africa and Australia.It is also in infrastructure and engineering sector. Type of Growth: The Growth of UB Group lies in the strategy of mergers and acquisitions. A management is focused on building brand equity on one hand and exploiting it to the hilt on the other hand with a concerted emphasis on quality. Quality and hygiene are the key elements of the United Breweries' manufacturing philosophy. INTEGRATION: The company has the strategy of vertical integration by diversifying from liquor business to airlines, print media ,infrastructure, engineering etc. PROFITABLE VENTURE: The Kingfisher family continued to lead the industry with sales of 18.5 mio cases of Kingfisher Premium Lager representing a growth of 8% over the previous year and 7.7 mio case of Kingfisher Strong were sold during the year, an increase of 39%. Almost one of every 3 beers consumed in the country during the year was a Kingfisher. United Breweries has a 40% market share in the Indian beer market (about 30% is Kingfisher Beer). Mr. S. R. Gupte. Executive Vice Chairman Mr. A. K. R. Nedungadi. President & CFO Division Mr. Mani Narayanswami. Advisor Mr. Kalyan Ganguly. President of Breweries

SHARE HOLDING PATTERN :-

Share Holding Pattern as on : 31/03/2006 31/12/2005 30/09/2005 Face Value 10.00 10.00 10.00 Share Holder No. Of Shares % Holding No. Of Shares % Holding No. Of Shares % Holding PROMOTER'S HOLDING Foreign Promoters 0 0.00 0 0.00 0 0.00 Indian Promoters 1921826 8.90 1921826 8.90 1921826 8.90 Person Acting in Concert 14277268 66.10 14277268 66.10 14277768 66.10 Sub Total 16199094 75.00 16199094 75.00 16199594 75.00 NON PROMOTER'S HOLDING Institutional Investors Mutual Funds and UTI 227135 1.05 190903 0.88 168057 0.78 Banks Fin. Inst. and 251211 1.16 251211 1.16 251211 1.16 Insurance FII's 3220566 14.91 3198078 14.81 3158064 14.62 Sub Total 3698912 17.12 3640192 16.85 3577332 16.56 Other Investors Private Corporate Bodies 177979 0.82 188100 0.87 208270 0.96 NRI's/OCB's/Foreign Others 74737 0.35 76713 0.36 77954 0.36 GDR/ADR 0 0.00 0 0.00 0 0.00 Directors/Employees 0 0.00 0 0.00 22360 0.10 Government 0 0.00 0 0.00 0 0.00 Others 25154 0.12 25186 0.12 2826 0.01 Sub Total 277870 1.29 289999 1.34 311410 1.44 General Public 1424249 6.59 1470840 6.81 1511789 7.00 GRAND TOTAL 21600125 100.00 21600125 100.00 21600125 100.00