SOURCE: Cerveceria Nacional Dominicana

March 10, 2008 13:07 ET

Cervecería Nacional Dominicana, C. por A. Announces Execution of New Credit Facility in Connection With Its Tender Offer for 8.000% Senior Notes Due 2014

SANTO DOMINGO, DOMINICAN REPUBLIC--(Marketwire - March 10, 2008) - Cervecería Nacional Dominicana, C. por A. (the "Company") announced today, that in connection with its previously announced cash tender offer (the "Tender Offer") for up to US$130,000,000 aggregate principal amount of the outstanding US$205,001,000 8.000% Senior Notes due 2014 (the "Notes") (CUSIP 157107AB9, P24028AB1 / ISIN US157107AB98, USP24028AB16 / Common Codes 029364761, 029375950) it had entered into a new US$100,000,000 credit facility (the "Credit Facility") with Standard Bank Plc, acting as Lead Arranger, Bookrunner and Administrative Agent. The proceeds of the Credit Facility will be used to fund the purchase of the Notes tendered in the Tender Offer and to pay related fees and expenses. Funding under the Credit Facility if subject to certain conditions, including the condition that the Notes have been accepted for payment under the Tender Offer.

The Tender Offer is subject to certain conditions, including the closing of the Credit Facility. This condition has now been deemed satisfied by the Company.

The complete terms and conditions of the Tender Offer are described in the Offer to Purchase, dated February 15, 2008, of the Company (the "Offer to Purchase"), as amended by the Company's news release dated March 3, 2008.

The Company has engaged Standard Bank Plc to act as dealer manager in connection with the Tender Offer. The Company has engaged Bondholder Communications Group to act as information and tender agent in connection with the Tender Offer. Any questions or requests for assistance may be directed to Standard Bank Plc at +44(0)20 78153142 or to its affiliate Standard New York Securities, Inc. at (212) 407-5174. Requests for documentation may be directed to Bondholder Communications Group, the information and tender agent for the Tender Offer, attention Chloe Daniels at cdaniels@bondcom.com or by calling (212) 809-2663 (New York Office) or +44(0)20 73824580 (London Office). Documents can also be obtained by accessing the information and tender agent's website for the Tender Offer: www.bondcom.com/cnd.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Tender Offer is being made solely by the Offer to Purchase dated February 15, 2008.

The Tender Offer is not being made in Italy.

The applicable provisions of the United Kingdom's Financial Services and Markets Act of 2000 must be complied with in respect of anything done in relation to the Tender Offer in, from or otherwise involving the United Kingdom.

The Offer to Purchase is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Articles 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). Any investment or investment activity to which the Offer to Purchase relates is available only to relevant persons and will be engaged in only with relevant persons. Any person who is not a relevant person should not act or rely on the Offer to Purchase or any of its contents.

This press release also contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements reflect management's expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements involve a number of risks and uncertainties. Factors that could cause actual results to differ materially from those expressed in, or underlying, these forward-looking statements are detailed in the company's annual and quarterly report filings with the Securities Exchange Commission. The Company undertakes no obligation to publicly release revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unforeseen events, except as requires to be reported under the rules and regulations of the Securities Exchange Commission.

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