SAB- SABMiller Plc - Sale of Kenya Breweries Limited shares and termination of

SAB- SABMiller Plc - Sale of Kenya Breweries Limited shares and termination of  
Brewing and distribution agreement with Kenya Breweries Limited                 
SABMiller Plc                                                                   
JSEALPHA CODE: SAB                                                              
ISSUER CODE: SOSAB                                                              
ISIN CODE: GB0004835483                                                         
Sale of Kenya Breweries Limited shares and termination of Brewing and           
Distribution Agreement with Kenya Breweries Limited                             
SABMiller plc announces that its subsidiary SABMiller Africa BV has agreed to   
sell its 20% shareholding in Kenya Breweries Limited (KBL) to East African      
Breweries Limited (EABL), for cash consideration of the USD equivalent of       
19,528,062,600 Kenyan Shillings at completion (which if calculated using the    
mean average rate of exchange quoted by the Central Bank of Kenya on 3 June 2011
would be approximately USD 225 million), subject to EABL disposing of its 20%   
shareholding in Tanzania Breweries Limited by way of a public offer through the 
Dar-es-Salaam Stock Exchange.                                                   
SABMiller International BV has also agreed to terminate a Brewing and           
Distribution Agreement with KBL, and KBL will cease to distribute SABMiller`s   
brands in Kenya after a short transitional period.                              
Ends                                                                            
Date: 06/06/2011 08:00:09 Supplied by www.sharenet.co.za                     
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