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SABMiller awarded brewing licence in Namibia

8 September 2009

Distribution worker stock taking a delivery of Castle Lager at a Johannesburg depo

SABMiller plc announces that it has been granted a license by the Namibian government to brew and bottle beer in Namibia. 

Through the creation of a new subsidiary to be called SABMiller Namibia (pty) Ltd., the group plans to invest in the construction of a brewery at a site yet to be confirmed. 

SABMiller has been importing beer into Namibia through Castle Brewing Namibia (CBN) for more than 20 years and has around 22% of the domestic market through brands such as Castle Lager, Carling Black Label, Peroni Nastro Azzurro and Castle Lite.

Commenting on the decision, Cobus Bruwer, Managing Director of Castle Brewing Namibia, said: "The Namibian Government's decision to grant us this license is a milestone, as we have sought brewing rights in Namibia for the past decade.  Once constructed, the development of a local plant will enable us to make our brands available in returnable bottles. When the plant is operational, we expect to contribute significantly to the Namibian economy."

Ends


Notes to editors:

About SABMiller plc
SABMiller is one of the world's largest brewers with brewing interests and distribution agreements across six continents. The group's wide portfolio of brands includes premium international beers such as Grolsch, Miller Genuine Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as market-leading local brands such as Aguila, Castle, Miller Lite, Snow and Tyskie. SABMiller is also one of the largest bottlers of Coca-Cola products in the world.

In the year ended 31 March 2009, the group reported US$3,405 million in adjusted pre-tax profit and group revenue of US$25,302 million. SABMiller is listed on the London and Johannesburg stock exchanges.

This announcement is available on the company website: www.sabmiller.com

High resolution images are available for the media to view and download free of charge from the News and Media section of www.sabmiller.com or www.newscast.co.uk

Enquiries:  

SABMiller plc  
Tel: +44 20 7659 0100
  
Sue Clark 
Director of Corporate Affairs 
Tel: +44 20 7659 0184
  
Gary Leibowitz 
Senior Vice-President, Investor Relations 
Tel: +44 20 7659 0194
  
Nigel Fairbrass
Head of Media Relations
Tel: +44 7799 894265

  

This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire securities of SABMiller plc (the "Company") or any of its affiliates in any jurisdiction or an inducement to enter into investment activity.

This announcement includes "forward-looking statements".  These statements may contain the words "anticipate", "believe", "intend", "estimate", "expect" and words of similar meaning.  All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding the Company's financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to the Company's products and services) are forward-looking statements.  These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.  These forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future.  These forward-looking statements speak only as at the date of this announcement.  The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this announcement to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Any information contained in this announcement on the price at which the Company's securities have been bought or sold in the past, or on the yield on such securities, should not be relied upon as a guide to future performance.

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