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SAB plc announces $330,000,000 fixed rate senior notes issue

9 April 2001

South African Breweries plc (the "Company") announces the issue of $330,000,000 of fixed rate senior notes (the "Notes") denominated in US dollars and Sterling, with a 7-year final maturity. The notes will rank pari passu with the Company's existing senior debt obligations.

The debt raising achieves important objectives for the Company in the management of its capital structure. It extends the maturity profile of the Company's debt, fixes the coupon on a further portion of the debt and serves to broaden the Company's investor base. It builds on the successful $750,000,000 bank syndicated facility completed last year. The proceeds of the issue will be used for general corporate purposes.

The sole arranger of the issue is Cazenove & Co.

For more information, please contact:

South African Breweries plc:

Nick Chaloner
Director of Communications: +44 20 7659 0100

Cazenove & Co:

Duncan Hunter: +44 207 825 9500

James Douglas: +44 207 825 9964

Roger Lambert: +44 207 588 2828

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