Altria Financial Data Disclosure
SABMiller plc
JSEALPHA CODE: SAB
ISIN CODE: SOSAB
ISIN CODE: GB0004835483
Altria Financial Data Disclosure
23 April 2015
Today, Altria Group, Inc. (Altria) has released its results for the fiscal quarter ended 31 March
2015. Altria's results include a reference to earnings for the quarters ended 31 March 2015
and 2014 from Altria's approximate 27% economic and voting investment in SABMiller plc,
expressed in US GAAP at prevailing exchange rates.
The amount disclosed for the quarter ended 31 March 2015 is US$134 million (31 March
2014: US$225 million). Altria’s earnings from SABMiller for the quarter were negatively
affected by SABMiller’s special items, primarily relating to asset impairment charges in
relation to India and SABMiller’s share of impairment charges taken by Anadolu Efes which
are expected to be recorded by SABMiller in the quarter ended 31 March 2015. Investors
should note that these financial results are derived from management accounts, have not
been audited and may be subject to change. There are a number of differences concerning
the timing of recognition of results as well as differences relating to the accounting treatment
of share-based payments, exceptional items, the definition of the US GAAP statutory earnings
as reported by Altria compared with SABMiller’s results as reported under IFRS, as well as
the inclusion within Altria’s earnings of gains on the dilution of Altria’s investment in SABMiller
following the issue of new SABMiller shares pursuant to share option exercises.
John Davidson
General Counsel and Corporate Affairs Director
23 April 2015
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
Date: 23/04/2015 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.