Financial Review

South African Breweries plc ("SAB plc") was recently incorporated in the United Kingdom and listed on the London Stock Exchange in March 1999 when it became the successor parent company of The South African Breweries Limited ("SAB Limited") group.


The consolidated financial statements are presented as if SAB plc had been the Group's parent company throughout the year. The basis is consistent with SAB plc's listing particulars published on 1 March 1999 and reflects the operations and results of the Group for the year ended 31 March 1999.