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SABMiller PLC - Bond Issue

RNS Number:4220O
07 August 2003


London and Johannesburg, 7 August 2003. SABMiller plc, the world's second
largest brewer by volume, announces that it is raising $2.0 billion through
issues of $600 million 4.25% notes due 2008 and $1,100 million 5.50% notes due
2013 by Miller Brewing Company (Miller) and $300 million 6.625% notes due 2033
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.  The issues are
scheduled to close on August 13, 2003, subject to customary conditions.

The notes have been offered only to qualified institutional buyers in the United
States under Rule144A under the Securities Act of 1933, as amended (the
"Securities Act"), and certain investors outside of the United States in
reliance on Regulation S under the Securities Act.  The notes have not been
registered under the Securities Act or any state securities laws and 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.

The notes were sold to U.S. institutional, European and Asian investors.


This press release does not and will not constitute an offer to sell or the
solicitation of an offer to buy the notes.

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 31
March, 2003 larger 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 31
March, 2003 of 22.1 million hectolitres.  SABMiller acquired Miller Brewing
Company in July 2002.

For further information:

Paul Phillips
Group Treasury
SABMiller plc                           Tel: +44 (0)1483 264000

Anna Miller Salzman
Head of Investor Relations
SABMiller plc                           Tel: +44 (0)20 7659 0100

This announcement is available on the company website.

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



0704 07 Aug 03

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