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July 27, 2009

Kirin Revises Consolidated Earnings Forecasts for the Interim Period of Fiscal 2009

Tokyo, July 27, 2009— Kirin Holdings Company, Limited ("Kirin") has revised its consolidated earnings results forecast for the interim period of fiscal 2009, (previously announced on February 10, 2009) in consideration of its recent business performance and other factors, as follows:


1.Revision of Consolidated Earnings Forecasts for the Interim Period of Fiscal 2009
(January 1, 2009 to June 30, 2009)

Consolidated
Unit: million Japanese yen
  Sales Operating
income
Ordinary
income
Net income Net income per share
(Yen)
Previously announced forecast (A) 1,070,000 36,000 38,000 10,000 ¥10.48
New forecast (B) 1,060,000 40,000 56,000 14,000 ¥14.67
Change (B−A) −10,000 +4,000 +18,000 +4,000
Change (%) −0.9% +11.1% +47.4% +40.0%
(Reference)
Actual results for the previous interim period (Interim period of fiscal 2008)
1,047,817 47,565 47,643 81,120 ¥84.98

2. Reasons for the revision

Due to fluctuations in exchange rates since the end of 2008 a currency-related gain has arisen on yen denominated Group loans of Kirin's consolidated subsidiaries in Australia.

As a result we expect that consolidated interim ordinary income will be ¥56.0 billion, 47.4% higher than previous forecast, and consolidated interim net income will be ¥14.0 billion, 40.0% higher than previous forecast.

Earnings forecasts for the full year (consolidated and non-consolidated) will be disclosed at the time of announcement of our interim results, which is scheduled for August 6, 2009.

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