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SABMiller PLC - Bond Issue

RNS Number:2777F
SABMiller PLC
28 June 2006


SABMILLER ANNOUNCES US$1.75 BILLION BOND ISSUE AND DEBT REFINANCING

London and Johannesburg, 28 June 2006.

SABMiller plc, the world's second largest brewer by volume, announces that it
has successfully priced a US$1.75 billion note issue. The notes will be issued
pursuant to Rule 144A under the US Securities Act in three tranches:

       US$300 million of 3-year floating rate notes;
       US$600 million of 5-year notes with a coupon of 6.20%; and
       US$850 million of 10-year notes with a coupon of 6.50%.

The net proceeds of the offering of the notes will be used to repay certain
existing loan facilities. The issues are scheduled to close on 5 July 2006
subject to customary conditions.


Malcolm Wyman, Chief Financial Officer, said 'SABMiller is very pleased that US
bond investors have reaffirmed their recognition of the strength of the
company's broad geographical business spread, leading brand portfolio and cash
flow generation to enable us to undertake this important refinancing at such
competitive levels.'


This announcement may not be distributed, directly or indirectly, in or into the
United States, Canada, Australia or Japan.  It does not constitute an offer to
sell or the solicitation of an offer to buy securities discussed herein or an
invitation or inducement to purchase such securities.


The notes and the related guarantees have not been, and will not be, registered
under the U.S. Securities Act of 1933, as amended (the 'Securities Act'), and
may not be offered or sold in the United States (as such term is defined in
Regulation S under the Securities Act) unless they are registered under the
Securities Act or pursuant to an exemption from registration.  No public offer
of the notes or the related guarantees is being made in the United States.


This announcement does not constitute or form part of any offer or any
solicitation to purchase nor shall it, or the fact of its distribution, form the
basis of, or be relied on in any purchase.  This announcement and any subsequent
offer of securities may be restricted by law in certain jurisdictions and
persons receiving this announcement or any subsequent offer should inform
themselves about and observe any such restriction.  Failure to comply with such
restrictions may violate securities laws of any such jurisdiction.


Any application for or purchase of securities issued by SABMiller should only be
made on the basis of the information contained in the formal prospectus to be
issued later today (the 'Prospectus') and any supplement or amendment thereto.
The Prospectus will contain detailed information about the Issuer and its
management, as well as financial statements and other financial data.

Ends

Notes to editors


SABMiller

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.


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.vismedia.co.uk


Enquiries:

                          SABMiller plc                        Tel: +44 20 7659 0100

Sue Clark           Director of Corporate Affairs              Tel: +44 20 7659 0184
David Mallac        Group Treasurer                            Tel: +44 1483 264000
Gary Leibowitz      Senior Vice President, Investor Relations  Tel: +44 20 7659
0174


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


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.

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.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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