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SABMiller PLC - Tender Offers in Panama

RNS Number:0574B
SABMiller PLC
30 July 2007


Ref 23/2007

30 July 2007


SABMILLER TENDER OFFERS FOR VOTING SHARES IN SUBSIDIARIES IN PANAMA


SABMiller announces today that it is making simultaneous tender offers
('offers') for all the voting shares which it does not already own in its
Panamanian subsidiaries Cerveceria Nacional, S.A. (Cerveceria Nacional) and
Refrescos Nacionales S.A. (Refrescos Nacionales). The offer period commenced on
July 29, 2007 and will expire on September 27, 2007.


The offers are being made in cash. The offer price for each share of Cerveceria
Nacional is US$22. The offer price for each share of Refrescos Nacionales is
US$10.50. The total cash consideration payable by SABMiller if all shareholders
in both companies accept the offers will be approximately US$30million.


The effective minority interests in Cerveceria Nacional and Refrescos Nacionales
are 8.4% and 1.9% respectively.


Ends


About SABMiller plc

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 2007, the group reported US$3,154 million adjusted
pre-tax profit and revenue of US$18,620 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.sabmiller.com or www.newscast.co.uk


Enquiries:


                  SABMiller plc                            Tel: +44 20 7659 0100

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

Gary Leibowitz    Senior Vice President,                   Tel: +44 20 7659 0119
                  Investor Relations

Nigel Fairbrass   Head of Media Relations                  Tel: +44 7799 894265


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

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