BACARDI LIMITED

SEAMUS McBRIDE will become the Bacardi’s new President and Chief Executive officer effective September 1. McBride was elected by unanimous vote of the board of directors as part of a planned succession process. He will join Bacardi Limited from the Colgate-Palmolive Company, where he served as Executive Vice President and President, North America and worldwide commercial effectiveness. McBride will succeed ANDREAS GEMBLER who has held the position of President and Chief Executive Officer of Bacardi Limited since 2OO5. Gembler will continue in his current role until McBride’s succession, after which he will retire.