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SABMiller PLC - Bond Issue

RNS Number : 8730Y
  SABMiller PLC
  11 July 2008

SABMiller announces US$1.25 billion bond issue

11 July 2008

SABMiller plc (the 'Company') announces that it has successfully priced a
US$1.25 billion bond issue. The notes (the 'Notes') will be issued pursuant to
Rule 144A under the US Securities Act of 1933, as amended (the 'Securities
Act'), in two tranches:

      US$550 million of 5.5-year notes with a coupon of 5.70%; and
      US$700 million of 10-year notes with a coupon of 6.50%.

The net proceeds of the offering of the Notes will be used by the Company to
repay certain existing indebtedness. The issues are scheduled to close on 17
July 2008 subject to customary conditions.

Malcolm Wyman, Chief Financial Officer, said 'We are very pleased that US bond
investors have reaffirmed their recognition of the strength of the company's
broad geographical business spread, leading brand portfolios and cash flow
generation to enable
us to undertake this important refinancing at highly competitive levels.'

This announcement may not be distributed, directly or indirectly, in or into the
United States, Canada, Australia or Japan. It does not constitute an offer to
sell or the solicitation of an offer to buy securities discussed herein or an
invitation or
inducement to purchase such securities.

The Notes have not been, and will not be, registered under 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 is
being made in the United States.

This announcement does not constitute or form part of any offer or any
solicitation 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 jurisdiction.

Any application for or purchase of securities issued by SABMiller should only be
made on the basis of the information contained in the formal prospectus to be
issued later today (the 'Prospectus') and any supplement or amendment thereto.
Prospectus will contain detailed information about the Issuer and its
management, as well as financial statements and other financial data.


Notes to editors


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
Azzurro, Grolsch 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 March 31, 2008,
the group
reported $3,560 million operating profit before exceptional items and revenue of
$21,410 million.  SABMiller plc is listed on the London and Johannesburg stock
exchanges. For more information on SABMiller plc, visit the company's website:

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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 14 8326 4000

Gary Leibowitz
Senior Vice President, Investor Relations
Tel: +44 20 7659 0174

Nigel Fairbrass
Head of Media Relations
Tel: +44 7799 894 265

This announcement does not constitute an offer to sell or issue or the
solicitation of an offer to buy or acquire securities of the Company or any of
its affiliates in any jurisdiction or an inducement to enter into investment

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 performance.

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.