Altria Financial Data Disclosure
Today, Altria Group, Inc. (Altria) has released its results for the fiscal quarter ended 31 March 2010. Altria's results include a reference to earnings for the quarters ended 31 March 2010 and 2009 from Altria's 27.2% economic and voting investment in SABMiller plc, expressed in US GAAP at prevailing exchange rates.
The amount disclosed for the quarter ended 31 March 2010 is US$138 million (31 March 2009: US$106 million). Investors should note that these financial results are derived from management accounts, have not been audited, and may be subject to change. There are a number of differences concerning the timing of recognition of results as well as differences relating to the treatment of exceptional items and the definition of the US GAAP statutory earnings as reported by Altria compared to SABMiller's results as reported under IFRS, and also the inclusion within Altria's earnings of gains on the dilution of Altria's investment in SABMiller following the issue of new SABMiller shares.
General Counsel and Group Company Secretary
21 April 2010