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SABMiller PLC - Offer for Bavaria

RNS Number:5415J
27 September 2006

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

London and Johannesburg, 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.

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


Share price data provided by vwd group & financial data provided byMorningstar.