13 March 2009
SABMiller announces South African political donations
SABMiller plc announced today that, following due consideration, the SABMiller Board has decided that the group should provide funding to political parties in the forthcoming South African elections as part of the group's continuing commitment to encourage the development of a multi-party democracy in South Africa.
The Board has asked its South African subsidiary, SAB Ltd, to make a donation of R5 million, which will be distributed across the following six parties; the African National Congress party (ANC); the Democratic Alliance (DA); the Inkatha Freedom Party; the United Democratic Movement; the Independent Democrats; and the Congress of the People party (COPE).
Meyer Kahn, Chairman of SABMiller plc, commented:
"Great strides have been made in recent years to foster a vibrant, multi-party democracy in South Africa and SABMiller is proud to have made a contribution to that achievement. Political progress will remain vital to the country's continued stability and growth, and for that reason we believe it continues to deserve our support."
SABMiller made contributions at the same level in the run up to the 1999 and 2004 elections and has not made any other political donations in South Africa outside of the national election cycle.
Notes to editors:
About SABMiller plc
SABMiller plc is one of the world's largest brewers with brewing interests and distribution agreements across six continents. The group's wide portfolio of brands includes premium international beers such as Grolsch, Miller Genuine Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as market-leading local brands such as Aguila, Castle, Miller Lite, Snow and Tyskie. SABMiller is also one of the largest bottlers of Coca-Cola products in the world.
In the year ended 31 March 2008, the group reported US$3,639 million in adjusted pre-tax profit and revenue of US$21,410 million. SABMiller plc is listed on the London and Johannesburg stock exchanges.
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