Liberty Group Limited - Sale Of South African Brew
Sale Of South African Breweries Plc Shares
Liberty Group Limited advises that it concluded the sale of 10,0 million
ordinary shares in South African Breweries PLC ("SAB") on 28 August 2001 on
behalf of shareholder funds at an average price of R61-07 per share. The
sale of these 10,0 million shares, taken together with the sale of 5,6
million shares during February 2001 (in order to fund the capital reduction
paid 4 April 2001) as well as the sale of 27,5 million shares back to SAB in
September 1999 has substantially reduced the previous overweight position
that the SAB shares represented for shareholder funds. Liberty shareholder
funds now have an investment in 22,0 million SAB shares, valued at R1,20
billion. This remaining shareholding represents only 2,8% of the number of
South African Breweries PLC shares in issue.
Johannesburg
27 September 2001
Sponsor
Merrill Lynch
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