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SABMILLER PLC - Altria Financial Data Disclosure

Release Date: 23/04/2015 14:00
Code(s): SAB     PDF:  
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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

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