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SABMiller PLC - SABMiller plc announces expansion in Russia

RNS Number : 3294W
  SABMiller PLC
  10 June 2008


10th June 2008

SABMiller plc announces expansion in Russia

SABMiller plc ('SABMiller') announces that it has agreed to acquire the Russian
brewer LLC Vladpivo ('Vladpivo'). The transaction is subject to customary
pre-closing conditions.

Vladpivo, the largest brewer in the Russian far east Primorie region, is located
near the city of Vladivostok and has an annual capacity of 1 million
hectolitres. The value of the gross assets to be acquired is approximately US$69
million.  The
purchase price is not being disclosed.

The Russian far east represents approximately 7.6% of the Russian beer market
and is projected to grow faster than the total Russian beer market from 2007 to
2013. This acquisition will accelerate SABMiller's growth in the region and
increase the
geographic penetration of the group's worthmore portfolio.

James Wilson, Managing Director of SABMiller RUS, said: 'The acquisition of
Vladpivo complements our existing capability and will allow us to expand the
presence of our worthmore brands, by providing us with a more competitive
logistics configuration
and better access to our consumers in this important and attractive region.'

Vladpivo will become SABMiller's third production facility in the country, in
addition to its main brewery in Kaluga and the site in Ulyanovsk which is
currently under construction and expected to be commissioned in early 2009.  In
advance of
production of SABMiller RUS's premium portfolio, the brewery will undergo a
substantial programme of investment aimed at achieving SABMiller's international
manufacturing standards.

Vladpivo is beneficially owned by a consortium consisting of A1, Detroit
Investments and the IFC.

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 2008, the group reported US$3,639 million adjusted
pre-tax profit and revenue of US$21,410 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 Relations                       Tel: +44 20 7659 0174

 Jonathan Oates                  Business Media Relations Manager                                Tel: +44 7887 924560


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

  END

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