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SABMiller's Polish subsidiary announces approval for acquisition

4 January 2008

 

SABMiller plc’s Polish subsidiary, Kompania Piwowarska S.A. (“KP”), announces that it has received approval from the Polish Office of Competition and Consumer Protection for the acquisition of 99.96% of Browar Belgia from Palm Breweries NV.  The value of the gross assets to be acquired is approximately €65 million and it is expected that the acquisition will be completed in the next few days.

Browar Belgia operates one brewery situated in Kielce, South East Poland, and has an annual production capacity in excess of 1 million hectolitres.  Its principal brands are Wojak, Gingers and Frater.

Alan Clark, Managing Director of SABMiller Europe, said: “We are delighted to have received approval for the acquisition of Browar Belgia.  The Polish market and KP have recorded exceptional growth over the last ten years and additional capacity is required to capitalise on the level of consumer demand for our products in the local market.  This acquisition will immediately deliver the required expansion capacity without having to develop a greenfield site.  It also complements our existing manufacturing footprint and brand portfolio.”

KP has experienced a decade of consistent volume growth across its key brands—Tyskie, Lech and Zubr—and the combined investment in capacity expansion over this period has amounted to approximately €400 million across its three existing breweries.  The acquisition will increase the annual brewing capacity of KP to 16 million hectolitres.

Ends

Notes to editors
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 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 in adjusted pre-tax profit and revenue of $18,620 million.  SABMiller plc 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 www.sabmiller.com

Kompania Piwowarska - leader of the Polish beer industry
Kompania Piwowarska is the largest brewer in Poland. Hundreds of years of experience in beer brewing, state-of-the-art technology and rigorous adherence to the World Class Manufacturing principles guarantee the highest quality beer. The company's product portfolio includes TYSKIE - Poles' favourite beer, ŻUBR - the second largest Polish beer brand, LECH, Dębowe Mocne, Pilsner Urquell, Redd's, Dog in the Fog, Peroni Nastro Azzurro and Miller Genuine Draft. Kompania Piwowarska was established in 1999 as a result of a merger of Tyskie Browary Książęce and Lech Browary Wielkopolski. In 2003 Dojlidy Brewery in Białystok was acquired by KP. In the fiscal year F07, ended on 31 March 2007, KP sales volume amounted to 13 million hectolitres.

Enquiries

SABMiller plc
Tel: +44 20 7659 0100

Sue Clark
Director of Corporate Affairs
Tel: +44 20 7659 0184

Kelly Mulvey
Senior Manager, Investor Relations
Tel: +44 20 7659 0176

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 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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