SABMiller plc (“SABMiller”, the “Company”)
Rejection of proposal from Anheuser-Busch InBev SA/NV (“AB InBev”)
The Board of SABMiller has now met formally to consider the new proposal announced by AB InBev today (the “GBP 42.15 Proposal” as defined in the announcement by SABMiller earlier today). The Board, excluding the directors nominated by Altria Group Inc., has unanimously rejected the GBP 42.15 Proposal as it still very substantially undervalues SABMiller, its unique and unmatched footprint, and its standalone prospects.
This statement is being made by SABMiller without the prior agreement or approval of AB InBev.