24 February 2011
SABMiller announces the completion of its hotels and gaming merger in South Africa
Following SABMiller's announcement on 18 February 2011, that the merger of Tsogo Sun, its South African hotels and gaming associate, with Gold Reef Resorts Limited, had become unconditional, SABMiller confirms that the transaction completed today, and that SABMiller has exchanged its 49% interest in Tsogo Sun for a 39.7% interest in the enlarged Gold Reef/Tsogo Sun business, which is currently listed on the JSE under the name of Gold Reef Resorts Limited. The intention is to change the name to Tsogo Sun Holding Limited as soon as practicably possible.
Notes to editors:
About SABMiller plc
SABMiller is one of the world's largest brewers with brewing interests and distribution agreements across six continents. The group's wide portfolio of brands includes premium international beers such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft, and Grolsch, as well as market-leading local brands such as Aguila, Castle, Miller Lite, Snow and Tyskie. SABMiller is also one of the world's largest bottlers of Coca-Cola products.
In the year ended 31 March 2010 the group reported US$3,803 million in adjusted pre-tax profit and group revenue of US$26,350 million. SABMiller is listed on the London and Johannesburg stock exchanges.
About Gold Reef/Tsogo Sun
Gold Reef/Tsogo Sun is South Africa's leading hotel, gaming and entertainment company, and is listed on the JSE with a market capitalisation as at the date of this announcement of approximately ZAR 19.6 billion (US$ 2.8 billion).
Gold Reef/Tsogo Sun's gaming operations consist of 14 casinos represented in 6 of South Africa's provinces.
Gold Reef/Tsogo Sun's hotels division, the Southern Sun Hotel group, is the largest hotel group in South Africa, with approximately 90 hotels and 14 438 rooms at the end of 2010.
This announcement is available on the company website: www.sabmiller.com
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