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SABMiller PLC - Shareholding in China

RNW/GBR/
RNS Number:1730E
SABMiller PLC
22 November 2002

            INCREASED SHAREHOLDING IN THREE CHINESE BREWERIES


London and Johannesburg, 22 November 2002.  SABMiller plc and China Resources
Enterprise Limited ("CRE") have, through their joint venture China Resources
Breweries Limited ("CRB"), agreed to raise their ownership of three breweries
from 90% to 100% to gain full control of the Snow beer brand.


CRB will buy the outstanding shares in China Resources (Shenyang) Snowflake
Brewery Co. Ltd., Shenyang Snowflake Beer Co. Ltd. and Shenyang Shengyang Beer
Co. Ltd. from Shenyang Pi Jiu Chang for a cash consideration of HK$131.6 million
(US$16.9 million) plus an additional consideration, likely not to exceed HK$7.8
million (US$1 million). The price, including the additional consideration,
represents approximately 2.8 times the proportionate share of the net asset
value of the breweries, which are all in Shenyang, China's Northeast Liaoning
Province.


CRB is China's second largest brewer and has invested in 28 breweries with
annual production capacity of approximately 37 million hectolitres. In addition
to Snow, its brand portfolio includes Blue Sword.


ENDS


Further information


Nick Chaloner                                    Tel: +44 20 7659 0119
Director of Communications
SABMiller plc


Media
Ciaran Baker                                     Tel: +44 20 7659 0120


Investor relations
Anna Miller-Salzman                              Tel: +44 20 7659 0106


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

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1330 22 Nov 02
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