March 28, 2018
To whom it may concern
Asahi Group Holdings, Ltd.

Notice of Results of Exercise of Voting Rights
at the 94th Annual General Meeting of Shareholders
Asahi Group Holdings, Ltd. (the “Company”) announces the results of the exercise of voting
rights at the 94th Annual General Meeting of Shareholders (the “Meeting”) held on March 27,
2018, as follows:
1. Items to be resolved:
Item 1: Appropriation of Retained Earnings
Year-end dividends(1) Type of dividend asset
Cash(2) Allocation of dividend assets to shareholders and total amount of allocation¥45 per share of common stock
Total amount of payout: ¥20,615,584,185(3) Effective date of dividends of Retained Earnings
March 28, 2018
Item 2: Reduction in Amount of Legal Capital Surplus
The Company proposes to reduce the legal capital surplus of ¥130,292,423,460 by¥80,000,000,000 and to allocate the full amount of the legal capital surplus reduction
to other capital surplus. The total amount of the legal capital surplus after thereduction is ¥50,292,423,460. Effective date of reduction in amount of legal capitalsurplus will be May 31, 2018.
Item 3: Election of ten (10) Directors
The Company asks the shareholders to elect ten (10) Directors.
The candidates for the position of Director are as follows:
Naoki Izumiya, Akiyoshi Koji, Katsutoshi Takahashi, Yoshihide Okuda, NoboruKagami, Kenji Hamada, Atsushi Katsuki, Naoki Tanaka, Tatsuro Kosaka and Yasushi
Shingai-1-Item 4: Election of one (1) Audit & Supervisory Board Member
The Company asks the shareholders to elect one (1) Audit & Supervisory BoardMember.
The candidate for the position of Audit & Supervisory Board Member is as follows:
Katsutoshi Saito
2. Status of voting rights
Number of Shareholders with voting rights:

87,446

Total number of voting rights held by the shareholders:

4,575,796

3. Number of voting rights concerning the indication of “For”, “Against” or “Abstentions” foreach item; Requirements for adoption; Results of resolutions
Ratio ofItems to Be Resolved

For

AgainstAbstentions

favorableResults

votes
Item 1:
3,794,446

1,694

0

99.96

Approved

3,789,373

6,799

0

99.82

Approved

Naoki Izumiya

3,700,416

71,39724,36897.48

Approved

Akiyoshi Koji

3,743,436

45,583

7,16298.61

Approved

Katsutoshi Takahashi

3,751,820

37,2007,16298.83

Approved

Yoshihide Okuda

3,751,647

37,373

7,162

98.83

Approved

Noboru Kagami

3,752,605

36,415

7,162

98.85

Approved

Kenji Hamada

3,749,856

39,163

7,162

98.78

Approved

Atsushi Katsuki

3,751,781

37,239

7,162

98.83

Approved

Naoki Tanaka

3,779,015

17,169099.55

Approved

Tatsuro Kosaka

3,790,778

5,407

099.86

Approved

Yasushi Shingai

3,790,481

5,704

099.85

Approved

3,117,459

678,6981482.12

Approved

Appropriation of RetainedEarnings
Item 2:
Reduction in Amount ofLegal Capital Surplus
Item 3: Election of ten (10)Directors

Item 4: Election of one (1)Audit & Supervisory
Board Member
Katsutoshi Saito-2-Notes:
The requirement for the adoption of each item is as follows:・Item 1 and Item 2:Approval of a majority of the voting rights of the shareholders present
・Item 3 and Item 4:
Approval at a general meeting of shareholders at which shareholders holding one-third (1/3)
or more of voting rights of the shareholders entitled to vote shall be present, by a majorityof the voting rights of the shareholders so present
4. Reason why a portion of the voting rights held by the shareholders present at the Meeting was
not added to the number of voting rights
Since the approval or disapproval of all proposals was conclusively decided by the exercise of
the voting rights prior to the date of the Meeting and the number of voting rights ofshareholders attending the Meeting, whose approval or disapproval the Company was able toconfirm, the number of voting rights not confirmed the indication of “For”, “Against” or“Abstentions” as to each item of some shareholders attending the Meeting was not added.
End-3-