SABMILLER PLC - The following replaces the Director/PDMR shareholding announcement released on 1 June 2016

The following replaces the Director/PDMR shareholding announcement released on 1 June 2016

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

SABMiller plc advises that the following replaces the Director/PDMR shareholding announcement
released on 1 June 2016 at 11:15 under RNS number 8738Z.

The performance share awards granted to A J Clark and D J De Lorenzo were shown in the table
below as 123,286 shares and 66,780 shares. This should have read 61,643 shares and 33,389
shares respectively. All other details remain unchanged. The full amended text appears below.


SABMiller plc (the “Company”)

Executive Share Award Plan 2008

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

On 31 May 2016, the following Directors and Persons Discharging Managerial Responsibility
("PDMR") were granted stock appreciation rights (SARs) under the Stock Appreciation Rights
Plan 2008 at an exercise price of £42.8275 and provisionally allocated nil cost awards under
the Company's Executive Share Award Plan 2008 in respect of the number of US$0.10
ordinary shares in the Company as set out below. The release of shares is subject to
satisfaction of the applicable performance condition.

Director/PDMR                SARs granted        Performance Share       Value Share Award
                                 under the                   Award              (TSR-based
                          Company’s Stock               (EPS-based             performance
                              Appreciation             performance                 condition
                          Rights Plan 2008                 condition                Note 3)
                                   (Note 1)                 Note 2)

A J Clark*                          123,285                  61,643                      125
D J De Lorenzo*                      66,779                  33,389                      100
M J Bowman                                -                  50,390                       60
S M Clark                                 -                  50,390                       60
J Davidson                                -                  32,690                       35
N T Fell                                  -                  32,690                       35
C A van Kralingen                         -                  42,450                       45
K G Lippert                               -                  50,390                       60
A Mervis                                  -                  50,390                       60
J Nel                                     -                  32,690                       35

* Director

(Note 1) The vesting of these options are subject to an EPS performance condition measured
over three and five year periods in constant currency.

(Note 2) The 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 in constant
currency.

(Note 3) The specified number of TSR-based value shares have been awarded for each
£10 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 three, four and five year performance periods.
One third of the shares will be tested against the performance condition on the third, fourth
and fifth anniversaries of the grant date respectively, and the number of shares capable of
being released will depend on the degree of TSR out-performance to those dates. If there is
no TSR out-performance at the relevant date, one-third of the award will lapse, with no
opportunity for retesting.

The Company announced on 30 March 2016 that Mr A J Clark had on 29 March 2016
exercised options to purchase 100,000 SABMiller ordinary shares, of which 51,352 shares
were subsequently sold the same day to cover the exercise price and applicable taxes. The
sale price per share was given as “£42.15”. This should have read “£42.51”. All other details
remain unchanged.


Name of contact and telephone number for queries
Bill Warner: 01483 264268

Name of duly authorised officer of issuer responsible for making notification
Stephen Shapiro, Group Company Secretary

3 June 2016



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

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