NewsFood.com

Amsterdam - Scottish & Newcastle plc («S&N«), Heineken N.V. («Heineken«) and Carlsberg A/S («Carlsberg«) (together the «Consortium«) confirm that S&N has agreed to extend its discussions with the Consortium in relation to a possible recommended offer for S&N at 800 pence per share.

The parties have approached the Panel to request a further short extension to the Put up or Shut up deadline to 12 noon on 25 January 2008. In agreeing to this extension to the deadline, the Consortium has reaffirmed the price at which it is contemplating an offer is 800 pence per share, confirmed that its due diligence is complete, that it has reached an agreement with the trustees of the UK pension fund and that its financing is fully committed. The Consortium's proposal remains subject to certain pre-conditions, including finalisation of its Consortium Agreement and agreement of satisfactory conditions to any offer.

Shareholders should be aware that there can be no certainty that a formal offer will be made. A further announcement will be made as appropriate.