May 8, 2008 SABMiller announces that it has agreed to acquire a 99,84% interest in the Ukrainian brewer "Sarmat" owned by the System Capital Management Ltd.

“Sarmat” is one of the largest brewers in the Ukraine and, on completion, will operate one brewery in Donetsk in the east of the country with an annual production capacity of 2,9 million hectolitres, producing the Sarmat, Dnipro and Drive Max brands (pic.).

The purchase price is not being disclosed, however the value of the gross assets to be acquired is approximately 130 million dollars.

This acquisition represents SABMiller’s entry into one of the fastest growing beer markets globally. The Ukraine’s medium term forecast for beer market growth is expected to be higher than any other major Central and Eastern European market.

The transaction is subject to approval by the Ukrainian competition authorities and other customary pre-closing conditions.



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