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SABMiller plc Annual Report 2007

Corporate governance

Application of the Combined Code

2. Application of the Combined Code

The board applied the principles and provisions of the Combined Code throughout the year ended 31 March 2008, except in the following respects (with items (a) to (d) being dealt with more fully in sections 3 and 5 of this report):

The board has taken a number of steps to redress the balance of independent directors on the board and nomination committee:

Lord Renwick of Clifton retires from the board on 31 July 2008. He stepped down as a member and as chairman of the nomination committee on 31 March 2008.

With effect from 15 May 2008, over half the board, excluding the Chairman, were independent for the purposes of the Combined Code and, with effect from 1 April 2008, a majority of the directors on the nomination committee were independent for the purposes of the Combined Code.

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