March 29, 2017
To whom it may concern
Asahi Group Holdings, Ltd.

Notice of Results of Exercise of Voting Rights
at the 93rd Annual General Meeting of Shareholders
Asahi Group Holdings, Ltd. (the “Company”) announces the results of the exercise of voting
rights at the 93rd Annual General Meeting of Shareholders (the “Meeting”) held on March 28,
2017, as follows:
1. Items to be resolved:＜Company Proposals (Items 1 to 3)＞
Item 1: Appropriation of Retained Earnings
Year-end dividends(1) Type of dividend assetCash(2) Allocation of dividend assets to shareholders and total amount of allocation¥28 per share of common stock
Total amount of payout: ¥12,827,705,884(3) Effective date of dividends of Retained Earnings
March 29, 2017
Item 2: Election of ten (10) Directors
Naoki Izumiya, Akiyoshi Koji, Katsutoshi Takahashi, Yoshihide Okuda, NoboruKagami, Kenji Hamada, Mariko Bando, Naoki Tanaka and Tatsuro Kosaka were reelected, and Atsushi Katsuki was newly elected as Directors.
Item 3: Election of one (1) Audit & Supervisory Board MemberYutaka Kawakami was newly elected as Audit & Supervisory Board Member.
＜Shareholder Proposal (Item 4)＞
Item 4: Partial amendments to the Articles of Incorporation
2. Status of voting rights
Number of Shareholders with voting rights:

104,080

Total number of voting rights held by the shareholders:-1-

4,575,714

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:
3,719,222

1,252

424

99.96

Approved

Naoki Izumiya

3,665,236

43,758

11,95698.50Approved

Akiyoshi Koji

3,666,467

42,747

11,736

98.54

Approved

Katsutoshi Takahashi

3,688,458

28,910

3,582

99.13

Approved

Yoshihide Okuda

3,688,575

28,793

3,582

99.13

Approved

Noboru Kagami

3,688,858

28,510

3,582

99.14

Approved

Kenji Hamada

3,688,850

28,518

3,582

99.14

Approved

Mariko Bando

3,691,992

20,382

8,578

99.22

Approved

Naoki Tanaka

3,692,198

20,176

8,578

99.23

Approved

Tatsuro Kosaka

3,702,661

17,867424

99.51

Approved

Atsushi Katsuki

3,695,544

21,824

3,582

99.32

Approved

3,716,710

3,769

424

99.89

Approved

138,161

3,581,643

435

3.71 Not Approved

Appropriation of Retained
Earnings
Item 2: Election of ten (10)Directors

Item 3: Election of one (1)Audit & Supervisory
Board Member
Yutaka Kawakami
Item 4:
Partial amendments to theArticles of Incorporation
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 majorityof the voting rights of the shareholders so present-2-

・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 two-third(2/3) or more of 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-