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SABMiller tender offer to acquire remaining Bavaria S.A. shares in Colombia

27 September 2006

SABMiller plc (“SABMiller”), one of the world’s leading brewers, announces today the launch of a tender offer on the Colombian Stock Exchange for all of the shares in Bavaria S.A. (“Bavaria”) which the SABMiller group does not already own, at a cash price of 46,176 Colombian pesos approximately (US$19.10) per share (the “Offer”).  The Offer is being made at the fair value price determined by an independent investment bank, as required by Colombian securities laws, in accordance with the process outlined at the time of the announcement of the Bavaria transaction.

The shares that are the subject of the Offer represent 2.22% of Bavaria and the total cash consideration payable if the Offer is accepted in full is expected to be approximately 252,945 million Colombian pesos (approximately US$105 million).  The Offer may be accepted during Colombian Stock Exchange trading hours on 12 October 2006.


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 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.

This announcement is available on


SABMiller plc  Tel: +44 20 7659 0100

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

Rachel Kentleton Senior Investor Relations Manager Tel: +44 20 7659 0113

James Crampton Media Relations Manager Tel: +44 20 7659 0172

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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