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SABMiller PLC - 1.6 billion ZAR Bond Issue

RNS Number:3236A
16 July 2007

16 July 2007

     SABMiller announces a Rand 1.6 billion bond issue and debt refinancing

SABMiller plc, the world's second largest brewer by volume, announces that its
wholly owned subsidiary, SABSA Holdings (Pty) Ltd, has successfully priced a
5-year Rand 1.6 billion note issue in South Africa. The notes, issued under a
Rand 4 billion Domestic Medium Term Note Programme, are guaranteed by SABMiller
plc and will be listed on BESA, the South African Bond Exchange. Moody's
Investors Service and Standard & Poor's Ratings Services have assigned the
programme long-term ratings for South Africa of 'Aa3za' and 'zaAA' respectively.

The notes will be issued in one tranche of Rand 1.6 billion of 5-year notes with
a coupon of 9.935%.

The net proceeds of the notes will be used to repay part of existing loan
facilities that were utilised to fund The South African Breweries Ltd. The
settlement of the issue will be on 19 July 2007.

In due course, short term commercial paper will be issued under the Rand 4
billion Domestic Medium Term Note Programme. Moody's Investors Service and
Standard & Poor's Ratings Services have assigned the programme short-term
ratings for South Africa of 'P-1za' and 'zaA-1' respectively.

Malcolm Wyman, Chief Financial Officer, SABMiller plc, said 'We are very pleased
by the reception of bond investors to the return of the SABMiller group to the
capital markets in South Africa. Investors' recognition of the strength of
SABMiller's business mix and cash flow generation has enabled us to undertake
this important refinancing at competitive pricing levels which have been
improved further by hedging activities undertaken ahead of the issuance.'

The notes were placed by Standard Bank and Rand Merchant Bank, a division of
FirstRand Bank Limited.

This announcement may not be distributed, directly or indirectly, in or into the
United States, Canada, Australia or Japan.

The notes and the related guarantees have not been, and will not be, registered
under the U.S. Securities Act of 1933, as amended (the 'Securities Act'), and
may not be offered or sold in the United States (as such term is defined in
Regulation S under the Securities Act) unless they are registered under the
Securities Act or pursuant to an exemption from registration. No public offer of
the notes or the related guarantees is being made in the United States.

This announcement does not constitute or form part of any offer to sell or any
solicitation of an offer to purchase nor shall it, or the fact of its
distribution, form the basis of, or be relied on in any purchase. This
announcement and any subsequent offer of securities may be restricted by law in
certain jurisdictions and persons receiving this announcement or any subsequent
offer should inform themselves about and observe any such restriction. Failure
to comply with such restrictions may violate securities laws of any such

The purchase of the notes was made on the basis of the information contained in
the formal programme memorandum (the 'Programme Memorandum') and any supplement
or amendment thereto. The Programme Memorandum contains detailed information
about SABSA Holdings (Pty) Limited and SABMiller plc, as well as financial
statements and other financial data.


About SABMiller plc

SABMiller plc is one of the world's largest brewers with brewing interests or
distribution agreements in over 60 countries across six continents. The group's
brands include premium international beers such as Miller Genuine Draft, Peroni
Nastro Azzurro and Pilsner Urquell, as well as an exceptional range of market
leading local brands.  Outside the USA, SABMiller plc is also one of the largest
bottlers of Coca-Cola products in the world.

In the year ended 31 March 2007, the group reported US$3,154 million adjusted
pre-tax profit and revenue of US$18,620 million. SABMiller plc is listed on the
London and Johannesburg stock exchanges.

This announcement is available on the company website:

High resolution images are available for the media to view and download free of
charge from or

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SABMiller plc                                              Tel: +44 20 7659 0100

Sue Clark         Director of Corporate Affairs            Tel: +44 20 7659 0184
David Mallac      Group Treasurer                          Tel: +44 1483 264000

Gary Leibowitz    Senior Vice President, Investor          Tel: +44 20 7659 0119

Nigel Fairbrass   Head of Media Relations                  Tel: +44 7799 894265

This announcement does not constitute an offer to sell or issue or the
solicitation of an offer to buy or acquire securities of SABMiller plc (the
Company) or any of its affiliates in any jurisdiction or an inducement to enter
into investment activity. Any information contained in this announcement on the
price at which the Company's securities have been bought or sold in the past, or
on the yield on such securities, should not be relied upon as a guide to future

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


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