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Thu 11 Jul 2002, 0:00 Proposed placing of ordinary shares of SABMiller p
London and Johannesburg, 11 July 2002. In light of prevailing market conditions,
SABMiller plc has decided, in the best interests of its shareholders and the    
company, not to proceed with the proposed placing of ordinary shares.           
- ENDS -                                                                        
For further information contact:                                                
Nick Chaloner       SABMiller            +44 (0)20 7659 0100                    
Ciaran Baker                                                                    
Fergus Wylie       Cubitt Consulting    +44 (0)20 7367 5103                     
Ian Hannam         JPMorgan             +44 (0)20 7325 1000                     
David Mayhew       Cazenove            +44 (0)20 7588 2828                      
Roger Lambert                                                                   
This announcement has been issued by SABMiller and is the sole responsibility of
SABMiller. JPMorgan and Cazenove are acting exclusively for SABMiller and no one
else in connection with the proposed placing.                                   
Date: 11/07/2002 08:00:00 AM Produced by the JSE SENS Department                



 
   
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