SABMILLER PLC - Notification of transactions of directors

Notification of transactions of directors

SABMiller plc
JSEALPHA CODE: SAB
ISIN CODE: SOSAB
ISIN CODE: GB0004835483


Notification of transactions of directors


Notification of transactions of directors, persons discharging managerial responsibilities or
connected persons in accordance with DTR 3.1

The independent trustee of the SABMiller plc Employees' Benefit Trust (the EBT) notified
SABMiller plc (the Company) on 20 September 2013 that it had on 20 September 2013
exercised its discretion and released ordinary shares in the Company to persons discharging
managerial responsibility (PDMRs), as summarised in the table below.

These shares relate to conditional awards of performance shares made on 1 June 2010
under the SABMiller plc Executive Share Award Plan 2008. These awards are only capable of
vesting if the Company's Total Shareholder Return (TSR) exceeds the median TSR of a
comparator group over a five year performance period. No shares vest for median
performance but for every £10 million of additional shareholder value created in excess of
the median (being the % outperformance of the median multiplied by SABMiller's market
capitalisation at the start of the performance period) a fixed number of shares will vest.
These awards are subject to testing against the performance condition on the fifth
anniversary of the date of grant, but participants may request the Remuneration Committee
(the Committee) at its discretion to recommend to the trustee of the EBT the early release
of some or all of the shares comprised in their award after three years. The PDMRs named
below requested the Committee in September 2013 to consider the release of the number
of shares shown in the table below, and the Committee after due consideration agreed so to
recommend to the trustee of the EBT.

In accordance with the terms of the awards, the number of shares to be released was
calculated by reference to the Company's TSR performance against its comparator group for
the period from 1 April 2010 to 31 August 2013. For this period, SABMiller's TSR was
106.262%, compared with 66.628% for the median of the comparator group. This
represents an out-performance of the median by 39.634%, meaning that an additional
£10,997 million of shareholder value in excess of the median was created over this period.

One third of the shares were released to the PDMRs on 20 September 2013, with sales of
shares being effected on the same day as shown in the table below. The release of two-
thirds of the shares has been deferred and they will be released in two further equal
tranches over the remainder of the five year performance period. There is no opportunity
for these deferred shares to be retested against any future TSR out-performance, and the
deferred shares remain subject to forfeiture under certain circumstances should the
participant's employment terminate before the fifth anniversary of the date of the original
award.
 Name of               Shares            Shares     Shares        Shares         Shares
 PDMR             released on              sold   retained      deferred       deferred
                 20 Septembe                                        until          until
                            r                                1 June 2014    1 June 2015
                         2013
 N J Adami             14,296            14,296          0         14,296        14,296
 J Davidson            18,328            18,328          0         18,328        18,329
 A Mervis               5,865             2,346      3,519          5,865         5,865


Price per share for shares sold on 20 September 2013: £32.924093
Date of transaction: 20 September 2013

Place of transactions: London, England



John Davidson
General Counsel and Group Company Secretary
SABMiller plc

20 September 2013

Sponsor:
J.P. Morgan Equities South Africa (Pty) Ltd

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