Nassau, Bahamas - Commonwealth Brewery Limited today announced that its subsidiary Burns House Ltd. has received notice of termination of its long-standing distribution agreement with Cerveceria Nacional Dominicana (‘CND’) and Anheuser-Busch InBev N.V. (‘ABInBev’). Through the existing arrangement, Commonwealth Brewery has been distributing the Budweiser brand and a few other ABInBev brands in the Bahamas for the last four decades.

Commonwealth Brewery is currently assessing its legal position, but has every intention to agree a fair and orderly transition which recognises, amongst other important considerations, the decades’ long investments made by the company to build the brand franchise of the ABInBev brands in the Bahamas. We are also currently determining the finer details of the transition, such as timing.

Until further notice Commonwealth Brewery will continue to distribute as normal and with the same high standards, the portfolio as it has been marketing to date.