Print Page | Close Window

SABMiller PLC - Proposed Bond Issues

RNS Number:2999O
04 August 2003


London and Johannesburg, 4 August 2003.  SABMiller plc, the world's second
largest brewer by volume, announces that it proposes to raise approximately
US$2.0 billion through issues of debt securities.  It is expected that
approximately US$1.7 billion in debt securities will be issued by Miller Brewing
Company (Miller), a subsidiary of SABMiller plc, and that approximately US$300
million will be issued directly by SABMiller plc.  The Miller issue will be
guaranteed by SABMiller plc and SABMiller Finance B.V. (SABMiller Finance) and
the debt securities issued by SABMiller plc will be guaranteed by its
subsidiaries, Miller and SABMiller Finance.  The proceeds from the Miller issue
will be used to refinance a substantial portion of existing Miller bank debt,
while the funds raised by the SABMiller plc issue will be used for general
corporate purposes.

None of the debt securities will be registered under the U.S. Securities Act of
1933, as amended, or any state securities laws and the securities may not be
offered or sold in the United States absent registration or an applicable
exemption from the registration requirements of the Securities Act and
applicable state securities laws.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy debt securities.


Notes to editors

SABMiller plc has a brewing presence in over 40 countries with a portfolio of
strong brands and leading market positions in the United States and certain
countries in Europe, Central America, Asia and Africa.  In the year ended March
31, 2003, lager volumes were 115.8 million hectolitres.  SABMiller is also one
of the largest bottlers and distributors of Coca-Cola products outside the
United States, with total carbonated soft drink volumes in the year ended March
31, 2003 of 22.1 million hectolitres.  SABMiller acquired Miller Brewing Company
in July 2002.

This press release contains forward-looking statements. You should exercise
caution in interpreting and relying on forward-looking statements because they
involve known and unknown risks, uncertainties and other factors which are, in
some cases, beyond SABMiller plc's control and could materially affect actual
results, performance or achievements.

For further information:

Cedric Becker
Group Treasurer                                Mob: +31 (653) 22 4895
SABMiller plc

Anna Miller Salzman
Head of Investor Relations                     Tel: +44 (0) 20 7659 0106
SABMiller plc

This announcement is available on the company website.

                      This information is provided by RNS
            The company news service from the London Stock Exchange



1545 04 Aug 03

Share price data provided by vwd group & financial data provided byMorningstar.