SABMiller plc Directors' emoluments

Directors' emoluments

The directors’ emoluments in the year ended 31 March 2004 in total have been audited and were as follows:

Emoluments paid for the period 1 April 2003 to 31 March 2004


Name	Salary/fees £	Pension fund contri- butions £	Expense allowances £	Benefits £	Total (excl. bonus) £	Bonus £	2004 total £	2003 total £
Executive directors
EAG Mackay	731,400*	55,836	–	136,578	923,814	681,000	1,604,814	1,346,268
MI Wyman	428,930*	62,370	4,800	95,549	591,649	315,000	906,649	754,668
Total (A)							2,511,463	2,100,936
Non-executive directors
GC Bible	–	–	–	–	–	–	–	–
LC Camilleri	–	–	–	–	–	–	–	–
NJ De Lisi	–	–	–	–	–	–	–	–
JM Kahn	130,000	–	–	5,373	135,373	–	135,373	130,620
Lord Fellowes	63,500	–	–	369	63,869	–	63,869	58,450
MJ Levett	42,500	–	–	–	42,500	–	42,500	40,000
MQ Morland	47,500	–	–	356	47,856	–	47,856	44,659
MC Ramaphosa	42,500	–	–	–	42,500	–	42,500	40,000
Lord Renwick of Clifton	56,500	–	–	–	56,500	–	56,500	53,875
PJ Manser	58,500	–	–	369	58,869	–	58,869	54,942
Ning Gaoning	37,500	–	–	–	37,500	–	37,500	35,625
Total (B)							484,967	458,171
Grand total (A+B)							2,996,430	2,559,107

Mr Bible, Mr Camilleri and Ms De Lisi have waived their fees. Mr Ning has waived his fees in favour of China Resources Enterprise Ltd, a Hong Kong company, which have been accrued and not yet paid.

Note on past executive directors:
Mr Goedhals, who stepped down from the board on 29 February 2000 along with Mr Stringfellow, continues to be employed as a part-time consultant following his retirement for which he receives fees. Mr Stringfellow transferred employment from 1 April 2003 to associate Tsogo Sun Holdings Limited. Mr Cox stepped down from the board on 28 February 2001 and transferred his employment to SABMiller Europe where he is chief financial officer based in Budapest. Mr Adami, Mr Lloyd, Mr Parker and Mr Simms left the board on 31 July 2002 but continued in their executive employment. Mr Simms and Mr Lloyd retired from the group on 31 August and 31 October 2003 respectively.

*Note on executive directors’ salaries:
The salaries reported include in the case of Mr Mackay £50,400 (2003: £40,625) and in the case of Mr Wyman £3,930 (2003: nil) as retirement contributions in excess of the tax allowable benefit cap paid as a salary supplement.