LQU Quilmes Ind Quinsa

Ordinary General Meeting of Quilmes Industrial (QUINSA) S.A. LUXEMBOURG, June 29 /PRNewswire-FirstCall/ -- The Ordinary General Meeting of Quilmes Industrial S.A. (NYSE:LQU) (QUINSA) took place in Luxembourg on June 25, 2004. Under the Chairmanship of Mr. Jacques Louis de Montalembert, the Ordinary General Meeting heard the report of the Board of Directors for the financial year 2003. The General Meeting approved the accounts of the Parent Company as well as the consolidated accounts of the Group. The Parent Company reported a profit of US$ 19 million for the fiscal year ended December 31, 2003. The consolidated accounts of the Group showed a profit of US$ 36.8 million for the same period. The General Meeting voted to pay a gross dividend of $11,000,000 to the shareholders. The Board further fixed Friday, August 6, 2004 as payment date for the FY 2003 dividend of $ 0.008113 net per share to be paid to all shareholders of Class A shares, and $ 0.08113 net to be paid to all shareholders of Class B shares (coupon No. 12) as of July 30 (record date). The net dividend per ADR shall be US $0.16. The General Meeting elected Mr. Juan Manuel Vergara Galvis and Dunvegan S.A. as directors of the Company. The General Meeting re-elected Messrs. Victorio Carlos de Marchi, Carlos Miguens, Federico Sainz de Vicuna, Carlos Alberto da Veiga Sicupira directors of the Company. The Board of Directors Copies of QUINSA's Annual Report are available at the registered office, 84 Grand-Rue, L-1660 Luxembourg. DATASOURCE: Quilmes Industrial (Quinsa) S.A. CONTACT: Francis Cressall, Quilmes Industrial (Quinsa) S.A., +011-5411-4349-1846

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