Quilmes Industrial (Quinsa) S.A. (NYSE:LQU; "Quinsa" or the "Company") today announced that Cerveceria y Malteria Quilmes S.A.I.C.A. y G. ("Quilmes") announced the extension of its public tender offer for all of the outstanding class B shares and ADSs of Buenos Aires Embotelladora S.A. ("BAESA"). The U.S. offer to purchase and the Argentine offer to purchase will now expire at 4:00 p.m., New York time (5:00 p.m., Buenos Aires time), on Friday, July 7, 2000, unless further extended. The offers were launched on May 31, 2000 and initially were scheduled to expire today at 4:00 p.m., New York time (5:00 p.m., Buenos Aires time).