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Statement from SAB plc regarding Miller Brewing Company

4 April 2002

London and Johannesburg, 4 April 2002. As part of its strategic development, South African Breweries plc is in discussions with a number of third parties regarding the ongoing consolidation of the beer industry. In response to recent press speculation, South African Breweries plc confirms that it is in discussions with Philip Morris Companies Inc. regarding a potential transaction involving Miller Brewing Company. These discussions are at a preliminary stage and no conclusions have been reached.

There is no certainty that these discussions will lead to any agreement and a further announcement will be made only if they do so.

Further inquiries:

Nick Chaloner

Director of Communications , SAB plc
+44 (0)20 7659 0100

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