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SABMiller plc announces $102 million investment in Peru

25 August 2006

London and Johannesburg, 25 August 2006. SABMiller plc, one of the world’s leading brewers, announces that its Peruvian subsidiary Backus and Johnston will invest US$102 million in infrastructural projects in Peru.  The investment, which will be made by March 2007, will include the expansion of the brewhouse at its Ate facility to the east of Lima; a new brewhouse at the brewery in Motupe in northern Peru; and a significant upgrade of packaging capability across the country.  The investment will also include a further $12 million expenditure on fridges, coolers and trade equipment to improve the accessibility of cold product to all Peruvians.

In addition to the investment above, Backus and Johnston has also announced a proposed merger with Cervesur, its majority owned affiliate and other affiliate companies.  This nil-premium transaction will serve to simplify and streamline SABMiller’s operations in Peru into a more directly manageable and accountable holding structure.

Commenting on the new investment, Robert Priday, the president of Backus and Johnston, said:

“The investments will serve to extend the production capacity in the brewery plants in Lima as well as interior of the country, which will comply with the most modern technology in brewing, fermentation and packaging processes. The investment will ensure that we can sustain and improve on the high quality of beer we have become renowned for.  It is also a reflection of our commitment and confidence in our operation in the country.  The steady improvement in the local economy deserves to be rewarded with investments of this nature."

Ends

Notes to editors:

SABMiller
SABMiller plc is one of the world’s largest brewers with brewing interests or distribution agreements in over 60 countries across five continents. The group’s brands include premium international beers such as Miller Genuine Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as an exceptional range of market leading local brands.  Outside the USA, SABMiller plc is also one of the largest bottlers of Coca-Cola products in the world.

In the year ended 31 March 2006, the group reported US$15,307 million in revenues and profit before tax of US$2,453 million. SABMiller plc is listed on the London and Johannesburg stock exchanges.

Backus and Johnston
Backus is the most important brewing company in Peru. Its principal brands are: Cristal, Pilsen Callao and Cusqueña. It has production plants around the country.

This announcement can be found on www.sabmiller.com

High resolution brand images are available for the media to view and download free of charge from www.vismedia.co.uk.

Enquiries:

SABMiller plc  
Tel: +44 20 7659 0100
  
Sue Clark 
Director of Corporate Affairs 
Tel: +44 20 7659 0184
  
Gary Leibowitz 
Vice President, Investor Relations 
Tel: +44 20 7659 0174
  
James Crampton 
Media Relations Manager 
Tel: +44 7795 208158

Fernando Hilbck 
Backus and Johnston 
Tel  + 511  4112100

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 document 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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