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SABMiller PLC - Offer for Backus

RNS Number:1289T
SABMiller PLC
25 October 2005


                                 SABMiller plc

                 Offer to acquire class A voting stock in Peru


25 October 2005

London and Johannesburg, 25 October 2005. SABMiller plc ('SABMiller') announces
that, on 26 October 2005, it will place through a wholly-owned subsidiary an
offer on the Lima Stock Exchange for all the class A voting stock in Union de
Cervecerias Peruanas Backus y Johnston S.A.A. ('Backus') which the SABMiller
group does not already own, at a cash price of US$25.34 per share ('the Offer').
The Offer will remain open for tenders for at least ten trading days.

Cheswick Comercial, S.A. ('Cheswick'), which holds approximately 20% of the
class A voting stock in Backus, has agreed to tender its class A voting stock in
Backus pursuant to the Offer.

On 12 October 2005, SABMiller announced the completion of the merger through
which it has acquired a controlling interest in Bavaria S.A., the second largest
brewer in South America.  As a result of the merger, the SABMiller group owns
approximately 79.7% of the class A voting stock in Backus.  As required by
Peruvian securities law, SABMiller will launch a public tender offer for any
outstanding class A voting stock in Backus in due course following expiry of the
Offer.  Holders of class A voting stock in Backus who do not tender their stock
pursuant to the Offer will therefore have a further opportunity to tender their
stock in the public tender offer.

The cash requirement for the acquisition of the remainder of the class A voting
stock in Backus is expected to be approximately US$478 million.

Backus is Peru's largest brewer and is listed on the Lima Stock Exchange.


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