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SouthAfricanBrewerie (SAB)

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Friday 20 October, 2000


Amalgamated Beverage Ind.

South African Breweries PLC
20 October 2000

South African Breweries plc
(Incorporated in England & Wales Registered Number 3528416)

SAB releases an announcement issued by its subsidiary,
Amalgamated Beverage Industries Limited, in Johannesburg.
The text follows:

Ordinary  shareholders of Amalgamated Beverage Industries
Limited  ('ABI')  are referred to an announcement  issued
today  by  Cadbury  Schweppes (SA) Limited  ('CSSA')  and
Cadbury Schweppes plc ('CS') which sets out salient terms
of  a proposed re-structure of CSSA, including a proposed
distribution of CSSA's 14,6% shareholding in ABI  to  its
shareholders, by way of a dividend in specie in terms  of
section  60 of the Income Tax Act (Act 113 of  1993),  as
amended ('the unbundling').

In  terms  of  an  existing agreement between  the  South
African  Breweries plc group ('SAB') and CSSA  ('the  ABI
shareholders'  agreement'),  the  parties   thereto   had
certain  rights, including pre-emptive rights over  their
reciprocal holdings in ABI.  SAB has agreed to waive  its
rights  under this agreement to enable the unbundling  to
be  implemented on the basis that it will  acquire  those
ABI  shares that CS will be entitled to receive in  terms
of the unbundling ('the SAB acquisition').  On completion
of  the  SAB acquisition, the ABI shareholders' agreement
will be cancelled.

Accordingly, subject to implementation of the unbundling,
SAB  will  acquire 12 272 169 ABI shares at  a  price  of
R40.40  per  share, based on the recent  volume  weighted
trading  price history of the share prior to  20  October


SAB plc :  E A G Mackay - Group Chief Executive
Telephone:  +44 207 659 0100

N G Cox - Group Financial Director
Telephone:  +44 207 659 0100