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SABMiller PLC - Acquisition

RNS Number:9343T
SABMiller PLC
08 May 2008


8 May 2008


SABMiller plc announces entry into the Ukraine


SABMiller plc ('SABMiller') announces that it has agreed to acquire a 99.84%
interest in the Ukrainian brewer CJSC Sarmat ('Sarmat'). The transaction is
subject to approval by the Ukrainian competition authorities and other customary
pre-closing conditions.


Sarmat is one of the largest brewers in the Ukraine and, on completion, will
operate one brewery in Donetsk in the east of the country with an annual
production capacity of 2.9 million hectolitres, producing the Sarmat, Dnipro and
Drive Max brands. The purchase price is not being disclosed, however the value
of the gross assets to be acquired is approximately US$130 million.


This acquisition represents SABMiller's entry into one of the fastest growing
beer markets globally with a four year growth rate to 2006 of 14%(1) p.a. The
Ukraine's medium term forecast for beer market growth is expected to be higher
than any other major Central and Eastern European ('CEE') market.


Alan Clark, Managing Director of SABMiller Europe, said: 'We are delighted to
announce the acquisition of Sarmat and our entry into the fast growing and
attractive Ukrainian market. The Ukrainian beer market has recorded exceptional
expansion in recent years, driven by strong economic growth, but it still
remains behind other CEE countries in terms of per capita beer consumption.'


Sarmat is owned by System Capital Management Ltd a diversified holding company
that manages a number of interests in the Ukrainian market.


(1) Per Plato Logic


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 Grolsch, 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, Investor          Tel: +44 20 7659 0174
                  Relations

Jonathan Oates    Business Media Relations Manager         Tel: +44 20 7659 0144


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

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