March 28, 2012

Company Name: Asahi Group Holdings, Ltd.
President and Representative Director: Naoki Izumiya
Stock Ticker Number: 2502
Stock Exchanges: Tokyo and Osaka（First Section each）
Contact: Public Relations Section, Asahi Group Holdings, Ltd.
Phone: +81-3-5608-5126

Notice of Results of Exercise of Voting Rights
at the 88th Annual General Meeting of Shareholders
Asahi Group Holdings, Ltd. (the “Company”) announces the results of the exercise of voting

rights at the 88th Annual General Meeting of Shareholders (the “Meeting”) held on March 27,
2012, as follows:
All agenda items were approved and resolved.
1. Items to be resolved:
Item 1: Appropriation of surplus
1. Year-end dividends(1) Type of dividend asset
Cash(2) Allocation of dividend assets to shareholders and total amount of allocation¥13.50 per share of common stock
Total amount of payout: ¥6,286,084,137(3) Effective date of dividend payment
March 28, 2012
2. Other appropriation of surplus(1) Surplus account showing an increase, and the amount of such increase
General reserves:¥10,000,000,000(2) Surplus account showing a decrease, and the amount of such decreaseRetained earnings carried forward:¥10,000,000,000

Item 2: Election of eleven (11) Directors
Hitoshi Ogita, Naoki Izumiya, Kazuo Motoyama, Katsuyuki Kawatsura, Toshihiko-1-

Nagao, Toshio Kodato, Akiyoshi Koji, Mariko Bando, Naoki Tanaka, and Ichiro Itowere re-elected, and Shiro Ikeda was newly elected as Directors.
Item 3: Election of one (1) Corporate Auditor
Yoshihiro Tonozuka was newly elected as Corporate Auditor.
2. Status of voting rights
Number of Shareholders with voting rights:

107,394

Total number of voting rights held by the shareholders:

4,648,519

3. Status of exercise of voting rights
Exercise of voting rights
on or prior to the day

Exercise of voting

immediately preceding

rights by attendance atthe Meetingthe date of the Meeting(Prior Exercise)
Number of voting rights

3,781,670

38,864

exercised-2-

Total voting rights
exercised3,820,534

4. Number of voting rights concerning the indication of “for”, “against” or “abstain” for each
item; Requirements for adoption; Results of resolutions
Ratio ofItems to Be Resolved

For

AgainstAbstainfavorable

Results

votes
Item 1:

3,749,28230,115

2,334

99.14

Hitoshi Ogita

3,768,044

11,671

1,955

99.64

Approved

Naoki Izumiya

3,770,929

8,787

1,955

99.72

Approved

Kazuo Motoyama

3,771,046

8,670

1,955

99.72

Approved

Katsuyuki Kawatsura

3,771,038

8,678

1,955

99.72

Approved

Toshihiko Nagao

3,771,064

8,652

1,955

99.72

Approved

Toshio Kodato

3,771,007

8,709

1,955

99.72

Approved

Akiyoshi Koji

3,771,056

8,660

1,955

99.72

Approved

Mariko Bando

3,771,857

7,860

1,955

99.74

Approved

Naoki Tanaka

3,772,668

7,049

1,955

99.76

Approved

Ichiro Ito

3,515,567

264,148

1,955

92.96

Approved

Shiro Ikeda

3,771,038

8,678

1,955

99.72

Approved

3,589,308

187,667

4,785

94.91

Approved

Appropriation of surplus

Approved

Item 2: Election ofeleven (11) Directors

Item 3: Election of one(1) Corporate Auditor
Yoshihiro Tonozuka
Notes:The requirement for the adoption of each item is as follows:・Item 1:
Approval of a majority of the voting rights of the shareholders present
・Item 2 and Item 3:
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 majority of the voting rights of the shareholders so present-3-5. 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
Because the required majority approval for all agenda items was met by the Prior Exercise,the number of voting rights concerning the indication of “for”, “against” or “abstain” as toeach item of the shareholders present at the Meeting was not tallied.

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