JSE LIMITED - Informative Notice 20160905 AB InBev Acquisition of SABMiller

Informative Notice – 20160905 AB InBev Acquisition of SABMiller

 Anheuser-Busch InBev (South Africa): Acquisition of SABMiller (South
                    Africa) - Informative Notice

                                        FTSE/JSE Africa Index Series

                                                    5 September 2016
Following the FTSE/JSE Advisory Committee meeting that took place on 1 September 2016, FTSE/JSE
would like to inform market participants regarding the anticipated FTSE/JSE Africa Index Series treatment
of the acquisition of SABMiller (South Africa, GB0004835483) by Anheuser-Busch Inbev (South Africa,
BE0003793107) by way of a Scheme of Arrangement. Please note that final shareholder approval is
pending for the scheme and the timetable has not yet been finalised.

SABMiller is being acquired by Anheuser-Busch Inbev for cash and will therefore be deleted from the
Index Series at the last traded price, in accordance with Ground Rule 8.1.

The default consideration has been revised to GBP45 cash for each SABMiller share.

The partial share alternative comprises of GBP4.6588 cash plus 0.483969 restricted shares for each
SABMiller share, however as the restricted shares will be unlisted and non-transferable for a period of 5
years they will not be eligible for inclusion in the FTSE/JSE indexes.

FTSE/JSE will rank the companies on the reserve list of the indexes with a fixed number of constituents
by investable market capitalisation as at close of business two days prior to the deletion on Ex Date. The
highest ranking company on the reserve list will be identified as an addition to the index.

E.g. FTSE/JSE will rank the companies on the reserve list of the FTSE/JSE Top 40 Index by investable
market capitalisation as at close of business two days prior to the deletion. The highest ranking company
on the FTSE/JSE Top 40 reserve list will become a constituent of the FTSE/JSE Top 40 index, to replace
SABMiller on Ex Date.

SABMiller will be deleted from the FTSE/JSE Indexes (including the FTSE/JSE Top 40 Index) of which it is
currently an index constituent on Ex Date and replaced by the highest ranking company on the index
reserve list, identified two days earlier, for indexes with a fixed number of constituents.

FTSE/JSE will issue a further notice to confirm details for the various FTSE/JSE Africa Index series
indexes that will be impacted by this event.


FTSE/JSE Ground Rules


For further information or general enquiries please contact us at info@ftse.com or indices@jse.co.za or call:

 Client Services in UK:              Tel: +44 (0) 20 7866 1810
 Client Services in EMEA:            Tel: +44 (0) 20 7866 1810
 Client Services in US:              New York: (Domestic) + 1 888 747 FTSE (3873) / (International): +1 212 314 1139
 Client Services in Asia Pacific:    Hong Kong: + 852 2164 3333 Australia:(Domestic Toll-Free) + 1800 653 680 / (International) + 61
                                     (2) 9293 2864 Japan + 81 (3) 3581 2764
 JSE Limited:                        Tel: +27 11 520 7137

Alternatively please visit our website at www.ftse.com or www.ftsejse.co.za

                                               Terms of Use | Copyright © FTSE

Date: 05/09/2016 05:00:00 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.