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SABMiller sells juice business in Colombia

29 June 2006

SABMiller plc (“SABMiller”) announces that its Colombian subsidiary Bavaria S.A. (“Bavaria”) has entered into an agreement to sell its fruit juice business through a sale of 100% of the equity interest in Productora de Jugos (a fruit pulp business located in Tuluá), the Tutti Frutti and Orense trademarks and certain assets associated with juice production, to the Colombian beverage company Postobón S.A. (“Postobón”), for a cash consideration of US$55.3 million.  In the year to December 2005, Bavaria sold approximately 700 thousand hectolitres of juices. This transaction is subject to the review and approval of the Colombian competition authorities.

Postobón, which is part of the Organización Ardila Lülle, is a producer of soft drinks, water and fruit juices and is seeking to develop its fruit and juice exports to international markets following the ratification of the Free Trade Agreement with the United States. 

In addition, SABMiller has signed a co-operation agreement with Carbe, the majority shareholder of Postobón, which includes an intention to assist Postobón in the development of its international markets. The agreement includes, inter alia, a right of first refusal in favour of SABMiller, in the event of a sale of the Postobón beverage business.


Notes to editors:

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$2,626 million adjusted pre-tax profit and a turnover of US$15,307 million.  SABMiller plc is listed on the London and Johannesburg stock exchanges.


Postobón S.A., a flagship Company of the Organización Ardila Lülle, is the market leader in the carbonated soft drinks sector in Colombia. The company’s brands include Colombiana, Postobón and Pepsi.

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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

Nigel Fairbrass 
Head of Media Relations 
Tel: +44 20 7659 0105

Bavaria S.A. 
Tel: +57 1 638 9000

Javier Hoyos Arboleda 
Vice President of Corporate Affairs 
Tel: +57 1 638 9000

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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