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SAB - SABMiller plc - Update on 2 June 2011 Share Award Plan announcement RNS Number 7469H SABMiller plc JSEALPHA CODE: SAB ISSUER CODE: SOSAB ISIN CODE: GB0004835483 SABMiller plc Update on 2 June 2011 Share Award Plan announcement (RNS Number 7469H) Notification of Transactions of Directors and Persons Discharging Managerial Responsibility or connected persons in accordance with DTR3.1 On 2 June 2011, SABMiller plc announced that certain Directors and Persons Discharging Managerial Responsibility ("PDMRs") had been awarded a number of nil cost conditional awards on 1 June 2011 under the SABMiller plc Executive Share Award Plan 2008 (the "Plan"). However, although the Remuneration Committee had resolved to recommend to the Trustees of the Company`s employees` benefit trust that these awards be made, the Company decided, in light of the uncertainty about the potential impact of new, retrospectively applicable and not then fully implemented UK taxation legislation on "disguised remuneration", to await the issue of further guidance from Her Majesty`s Revenue and Customs ("HMRC") before making any recommendation to the Trustees, and accordingly these awards were not in fact then made by the Trustees. Subsequently, following the publication of updated guidance by HMRC, these awards were made by the Company on 29 September 2011, and accordingly on 30 September 2011 the following Directors and PDMRs notified the Company in compliance with DTR 3.1 that they had been awarded, on 29 September 2011, nil cost conditional awards under the Plan in respect of the numbers of shares in the Company as set out below. These awards were made on the basis approved by the Remuneration Committee earlier in the year, including as to quantum and the respective performance conditions. Director/PDMR Performance Share Award Value Share Award (EPS-based (TSR-based
performance performance condition condition Note 1) Note 2)
E A G Mackay* 125,000 220 N J Adami 65,000 115 M Bowman 40,000 70 A J Clark 65,000 115 S M Clark 27,500 50 J Davidson 27,500 50 N T Fell 32,500 60 C A van 42,500 75 Kralingen K Lippert 40,000 70 A Mervis 40,000 70 J S Wilson* 50,000 100 * Director (Note 1) The conditional awards of a fixed number of EPS-based performance shares are subject to testing against the Company`s three-year adjusted earnings per share growth. (Note 2) The above specified number of TSR-based performance shares have been conditionally awarded for each GBP10 million of additional shareholder value created, defined as the amount by which the growth in the Company`s market capitalisation plus net equity cash flows exceeds the median growth of a weighted peer group index, over a five year performance period. Name of contact and telephone number for queries Bill Warner: 01483 264268 Name of duly authorised officer of issuer responsible for making notification John Davidson, General Counsel & Group Company Secretary Date: 03/10/2011 07:05:15 Supplied by www.sharenet.co.za 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.
