ASAHI BREWERIES, LTD.
(Ticker Code: 2502)

March 26, 2010
Dear Shareholders:

NOTICE OF RESOLUTIONS OF
THE 86 ANNUAL SHAREHOLDERS’ MEETING
thAsahi Breweries, Ltd. (the “Company”) is pleased to respectfully notify you that, at the 86th
Annual Shareholders’ Meeting of the Company held on this day, reports were made andresolutions were adopted as described below.

Sincerely,
Naoki Izumiya, President and Representative Director
ASAHI BREWERIES, LTD.
23-1, Azumabashi 1-chome, Sumida-ku, Tokyo

Items Reported:
The contents of Business Report, Consolidated Financial Statements,Non-Consolidated Financial Statements and reports of the audit results of theconsolidated financial statements by the Independent Auditor and the Board ofCorporate Auditors for the 86th term, from January 1, 2009 to December 31, 2009,were reported.
Items Resolved:
Appropriation of surplus
Item 1:This item was approved and adopted as proposed, and the year-end dividend for thisterm was decided to be ¥11.0 per share.

1Item 2:

Election of fourteen (14) Directors
This item was approved and adopted as proposed. The following ten (10) Directors
were re-elected and assumed their respective offices: Hitoshi Ogita, Masatoshi
Takahashi, Naoki Izumiya, Kazuo Motoyama, Akiyoshi Koji, Noriyuki Karasawa,Toshihiko Nagao, Nobuo Yamaguchi, Mariko Bando and Naoki Tanaka. The
following four (4) Directors were newly elected and assumed their respective offices:
Katsuyuki Kawatsura, Toshio Mori, Toshio Kodato and Yoshihiro Tonozuka.

Item 3:

Renewal of the Plan against Large-Scale Purchases of the Shares in theCompany
This item was approved and adopted as proposed.

_____________________________________________________________________________At the meeting of the Board of Directors held after the conclusion of the above Annual
Shareholders’ Meeting, Masatoshi Takahashi was reappointed as Senior Managing Director andSenior Managing Executive Officer, and both Akiyoshi Koji and Noriyuki Karasawa asManaging Director and Managing Executive Officer, and they all assumed their respective
positions. Hitoshi Ogita was newly appointed as Chairman of the Board and Representative
Director, Naoki Izumiya as President and Representative Director, Kazuo Motoyama as
Executive Vice President and Representative Director, and Katsuyuki Kawatsura as Managing
Director and Managing Executive Officer, and they all assumed their respective positions.

2As a result, the new line-up of Directors and Corporate Auditors of the Company as of March26, 2010 is as follows:
Chairman of the Board andRepresentative Director

Hitoshi Ogita

President and Representative
Director

Naoki Izumiya

Executive Vice President andRepresentative Director

Kazuo Motoyama

Senior Managing Director
Senior Managing ExecutiveOfficer

Masatoshi Takahashi

Managing DirectorManaging Executive Officer

Akiyoshi Koji

Managing Director
Managing Executive Officer

Noriyuki Karasawa

Managing Director
Managing Executive Officer

Katsuyuki Kawatsura

Director
Executive Officer

Toshihiko Nagao

Director
Executive Officer

Toshio Mori

Director
Executive Officer

Toshio Kodato

Director
Executive Officer

Yoshihiro Tonozuka

Director

Nobuo Yamaguchi

Director

Mariko Bando

Director

Naoki Tanaka

Standing Corporate Auditor

Yoshihiro Goto

Standing Corporate Auditor

Yoshifumi Nishino

Corporate Auditor

Takahide Sakurai

Corporate Auditor

Naoto Nakamura

Corporate Auditor

Tadashi Ishizaki

Directors Nobuo Yamaguchi, Mariko Bando and Naoki Tanaka are Outside Directors as defined in
Item 15, Article 2 of the Companies Act.
Corporate Auditors Takahide Sakurai, Naoto Nakamura and Tadashi Ishizaki are Outside
Corporate Auditors as defined in Item 16, Article 2 of the Companies Act.

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PAYMENT OF YEAR-END DIVIDENDS
As the year-end dividend for the 86th term was decided to be ¥11.0 per share, please receive
your dividends at your nearby Japan Post Bank’s main office, branch or sub-branch office, or apost office (a bank agent) by submitting the enclosed “Dividend Warrant” during the payment
period from March 29, 2010 to May 6, 2010. For shareholders who have designated a bankaccount transfer, please confirm the payment to the designated account.
From this year onward, the “Statement of Dividend Calculation” is also enclosed forshareholders who are to receive dividends by “Dividend Warrant,” as for shareholders who havedesignated a bank account transfer. After receiving your dividends, please use this document toconfirm the amount of dividends received and for your income tax return.

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