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SABMiller plc announces entry into the Ukraine

8 May 2008

SABMiller plc (“SABMiller”) announces that it has agreed to acquire a 99.84% interest in the Ukrainian brewer CJSC Sarmat (“Sarmat”).  The transaction is subject to approval by the Ukrainian competition authorities and other customary pre-closing conditions.

Sarmat is one of the largest brewers in the Ukraine and, on completion, will operate one brewery in Donetsk in the east of the country with an annual production capacity of 2.9 million hectolitres, producing the Sarmat, Dnipro and Drive Max brands.  The purchase price is not being disclosed, however the value of the gross assets to be acquired is approximately US$130 million. 

This acquisition represents SABMiller’s entry into one of the fastest growing beer markets globally with a four year growth rate to 2006 of 14%  p.a.  The Ukraine’s medium term forecast for beer market growth is expected to be higher than any other major Central and Eastern European (“CEE”) market.

Alan Clark, Managing Director of SABMiller Europe, said: “We are delighted to announce the acquisition of Sarmat and our entry into the fast growing and attractive Ukrainian market.  The Ukrainian beer market has recorded exceptional expansion in recent years, driven by strong economic growth, but it still remains behind other CEE countries in terms of per capita beer consumption.”

Sarmat is owned by System Capital Management Ltd a diversified holding company that manages a number of interests in the Ukrainian market.


About SABMiller plc

SABMiller plc is one of the world’s largest brewers with brewing interests or distribution agreements in over 60 countries across six continents. The group’s brands include premium international beers such as Grolsch, 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 2007, the group reported US$3,154 million adjusted pre-tax profit and revenue of US$18,620 million. SABMiller plc is listed on the London and Johannesburg stock exchanges.

This announcement is available on the company website:

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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 0174
Jonathan Oates 
Business Media Relations Manager 
Tel: +44 20 7659 0144

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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