Fountain Set (Holdings) Limited — Proxy Solicitation & Information Statement 2006

Mar 15, 2006

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(Incorporated in Hong Kong with limited liability)

(Stock Code: 236)

PROXY FORM

I/We (note 1)

of

being registered holder(s) of (note 2)

shares of HK$0.50 each

of San Miguel Brewery Hong Kong Limited (the “Company”) hereby appoint the Chairman of the meeting (note 3)

or

of

or failing him

of

as my/our proxy to attend, act and vote for me/us and on my/our behalf at the Forty-Third Annual General Meeting of the Company to be held at the Langham Hotel, 8 Peking Road, Tsimshatsui, Kowloon, Hong Kong, on 11th April 2006 at 2:00 pm and at any adjournment(s) thereof on the undermentioned resolutions as indicated:

	See_(note 4)_	See_(note 4)_
	For	Against

	See_(note 4)_	See_(note 4)_
	For	Against
. To receive and consider the audited Financial Statements and the Reports of the Directors and Auditors for the year ended 31st December 2005.
. (a) To re-elect Mr. Ng Wai Sun as a director. (b) To re-elect Mr. Ian F. Wade as a director. (c) To re-elect Mr. Chong Yoon Fatt as a director. (d) To re-elect Ms. Minerva Lourdes Bibonia as a director. (e) To re-elect Ms. Ma. Belen C. Buensuceso as a director. (f) To re-elect Mr. Roberto N. Huang as a director. (g) To approve directors’ fees
. To appoint KPMG as auditors of the Company and authorise the directors to fix their remuneration.

As witness my/our hand this

day of 2006.

Signature(s)

Notes:

1. Please insert full name(s) and address(es) in BLOCK LETTERS .

2. Please insert the number of shares registered in your name(s). If no such indication is given, this proxy form will be deemed to relate to all the shares of the Company registered in your name(s).

3. If any proxy other than the Chairman of the meeting is preferred, please cross out the words “the Chairman of the meeting” herein and insert the name and address of the proxy desired in the space provided. ANY ALTERATION MADE IN THIS PROXY FORM MUST BE INITIALLED BY THE PERSON(S) WHO SIGN(S) IT.

4. Please indicate with an “X” in the appropriate space beside each of the resolution how you wish the proxy to vote on your behalf. In the absence of any such indication, the proxy will be entitled to vote for or against the resolution or will abstain at his discretion.

5. This proxy form mush be signed by you or your attorney duly authorised in writing or, in the case of a corporation, must be either signed under its seal or under the hand of an officer or attorney duly authorised.

6. In the case of joint holders, any one of such persons may attend and vote at the meeting either personally or by proxy. If more than one of such joint holders is present at the meeting personally or by proxy, then the person whose name stands first on the Register of Members in respect of the joint holding shall alone be entitled to vote.

7. To be valid, this proxy form must be completed, signed and deposited at the registered office of the Company at 9th Floor, Citimark Building, 28 Yuen Shun Circuit, Siu Lek Yuen, Shatin, New Territories, Hong Kong, not less than 48 hours before the time of the meeting.

8. A proxy needs not be a shareholder of the Company.