September 27, 2004

Kirin Brewery Company, Limited

Announcement Regarding Secondary Offering of Shares in Overseas Markets

Kirin Brewery Company, Limited (the "Company,") hereby announces that the Board of Directors resolved the followings at its meeting held on September 27, 2004 in connection with secondary sales of its shares of common stock (the "Shares") held by one of its shareholders to be made by such shareholder in overseas markets:

Particulars:

1.	Number of Shares to Be Offered	7,341,000 Shares (planned) It is the maximum number of Shares to be offered. The number of Shares to be sold will be determined on the Price Determination Date, taking into consideration such factors as demand for the Shares and other factors.

2.	Offering Price	To be determined on September 27, 2004 (the "Price Determination Date"), taking into account the market price of the Shares, demand for the Shares, and other factors.

3.	Aggregate Amount of Offering Price	Not fixed yet

4.	Selling Shareholder and Number of Shares to be Offered	Mizuho Corporate Bank, Ltd. 7,341,000 shares (planned)It is the maximum number of Shares to be offered. The number of Shares to be sold will be determined on the Price Determination Date, taking into consideration such factors as demand for the Shares and other factors.

5.	Method for Secondary Offering	Mizuho Securities Co., Ltd. and Mitsubishi Securities Co., Ltd. (collectively, the "Underwriters") will subscribe all of the Shares, of which number is determined in accordance with 1 above from the aforementioned selling shareholder and will sell them, through their overseas subsidiaries, in overseas (mostly European, and excluding the U.S.) markets. In addition, the Underwriters may solicit purchase of the Shares to less than 50 prospective investors in Japan with respect to a part of the aforementioned number of Shares to be sold.

6.	Subscription Period	September 27, 2004 (Japan Time) (planned)

7.	Delivery Date	October 1, 2004 (planned)

8.	Stabilizing Transactions	No stabilizing transactions will be implemented.

9.	The determination of number of Shares to be offered, offering price and any other matters necessary for the secondary offering shall be entrusted to the CEO of the Company.

10.	Submission of Securities Report	With respect to the anticipated transactions described in items 1 through 9 above, an Extraordinary Securities Report was submitted on September 27, 2004 in accordance with the Securities and Exchange Law of Japan.

Note: This document has been prepared as a press release to announce to the public the matters relating to the secondary offering of the shares of the Company, and not for the purpose of inducing any investment. Further, the shares of the Company to be offered in the secondary offering have not been registered under the U.S. Securities Act of 1933. Hence other than in cases where the shares have been registered under the U.S. Securities Act of 1933 or are exempt from the registration requirements, no shares of common stock of the Company may be offered or sold within the United States.