WATERLOO BREWING MAILS MANAGEMENT INFORMATION CIRCULAR FOR SPECIAL MEETING OF SHAREHOLDERS AND OPTIONHOLDERS

KITCHENER, ON, Jan. 30, 2023 /CNW/ - Waterloo Brewing Ltd. ("Waterloo Brewing") (TSX:WBR.TO) today announced that it has sent the management information circular (the "Circular"), letter of transmittal and related proxy materials (collectively, the "Meeting Materials") for the special meeting of shareholders and optionholders of Waterloo Brewing (as may be adjourned or postponed, the "Meeting") to approve the previously-announced plan of arrangement under the Business Corporations Act (Ontario) (the "Arrangement"), pursuant to which Carlsberg Canada Inc. (or an affiliate of Carlsberg Canada Inc.), a wholly-owned subsidiary of Carlsberg Breweries A/S, has agreed to acquire the outstanding common shares of Waterloo Brewing for $4.00 in cash per share (without interest), all as more particularly described in the Circular.