Fraser and Neave : Minutes of 122nd Annual General Meeting held on 21 January 2021

FRASER AND NEAVE, LIMITED

(Company Registration No. 189800001R)

(Incorporated in Singapore)

MINUTES OF THE 122ND ANNUAL GENERAL MEETING

HELD BY ELECTRONIC MEANS ON THURSDAY, 21 JANUARY 2021 AT 9.30 A.M.

PRESENT
Board of Directors
Attended via live webcast:
Mr Charoen Sirivadhanabhakdi	Chairman
Khunying Wanna Sirivadhanabhakdi	Vice-Chairman
Tengku Syed Badarudin Jamalullail	Lead Independent Director, Chairman of
	Nominating Committee
Mrs Siripen Sitasuwan	Director, Chairman of Audit Committee
Mr Charles Mak Ming Ying	Director
Dr Sujittra Sombuntham	Director
Mr Chotiphat Bijananda	Director
Mr Thapana Sirivadhanabhakdi	Director, Vice-Chairman of Board Executive
	Committee
Mr Sithichai Chaikriangkrai	Director
Mr Prapakon Thongtheppairot	Alternate to Mr Sithichai Chaikriangkrai
Attended in person:
Mr Koh Poh Tiong	Director, Chairman of Board Executive
	Committee and Sustainability and Risk
	Management Committee
Mr Timothy Chia Chee Ming	Director, Chairman of Remuneration Committee
Mr Chan Heng Wing	Director
Mr Michael Chye Hin Fah	Alternate to Mr Thapana Sirivadhanabhakdi
IN ATTENDANCE
Management
Attended in person:
Mr Lee Meng Tat	Chief Executive Officer ("CEO"), Non-Alcoholic
	Beverages
Mr Edmond Neo	CEO, Beer
Mr Siew Peng Yim	CEO, Times Publishing Group
Mr Hui Choon Kit	Chief Financial Officer ("CFO") & Company
	Secretary
Mr Christopher Leong	Deputy CFO
Mr Lim Yew Hoe	CEO, Fraser & Neave Holdings Bhd
By Invitation
Attended via live webcast:
Ms Yap Lune Teng	Allen & Gledhill LLP
Mr Quek Shu Ping	KPMG LLP

Fraser and Neave, Limited

Minutes of the 122nd Annual General Meeting

Mr Suppiah Jeya Poh Wan	KPMG LLP
Mr Raymond Ang	RHT Governance, Risk & Compliance
	(Singapore) Pte. Ltd.
Ms Tan Jack Leng	Tricor Barbinder Share Registration Services
Ms Rose Ang	Trusted Services Pte. Ltd.

SHAREHOLDERS - Present remotely, as per attendance lists maintained by the Company

1. INTRODUCTION

1. Mr Hui Choon Kit ("Mr Hui"), the CFO and Company Secretary of Fraser and Neave, Limited (the "Company" or "FNL", and together with its subsidiaries, the "Group"), informed all present that the Annual General Meeting ("AGM" or the "Meeting") was being held by electronic means pursuant to the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020. Mr Hui explained that shareholders who were accessing the Meeting electronically would be treated as present and may be named in the attendance lists.
2. Mr Hui informed the Meeting that Khun Charoen Sirivadhanabhakdi ("Khun Charoen"), the Chairman of the Board of Directors ("Board"), would preside as Chairman of the AGM remotely from Bangkok, Thailand.
3. Khun Charoen, speaking in Thai, welcomed all who were attending FNL's 122nd AGM. Khun Chotiphat Bijananda ("Khun Chotiphat"), a non-independent and non-executive Director, informed that Khun Charoen would conduct the Meeting in Thai, while he would assist Khun Charoen with the translation to English.
4. Khun Charoen said that the Company's Share Registrar had informed him that there was a sufficient number of verified shareholders who were attending the Meeting electronically, such that the requisite quorum was present. He proposed all the Resolutions to be tabled at the Meeting, except for Resolution 10 on the proposed renewal of the mandate for interested person transactions. Khun Charoen stated that he would hand over the chair of the Meeting to Mr Koh Poh Tiong ("Mr Koh"), the Chairman of FNL's Board Executive Committee, when Resolution 10 was being considered.
5. On Khun Charoen's request, Mr Hui introduced the members of the Board who were present physically and remotely at the Meeting.
6. Mr Hui noted that as previously announced by the Company, there would be no live question and answer session at the AGM. He explained that the Company had invited members to submit questions in advance of the AGM. He thanked shareholders for their questions and informed the Meeting that responses to substantial and relevant questions received from shareholders had been published on SGXNet and on the Company's corporate website as soon as practicable after such questions were received by the Company.

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