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SouthAfricanBrewerie (SAB)

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Monday 29 January, 2001


Re Joint Venture

South African Breweries PLC
29 January 2001

                         SOUTH AFRICAN BREWERIES plc

          (Incorporated in England and Wales: Registered No 3528416)


            Establishment of Joint Venture in Anhui Province, PRC

South African Breweries plc, through its Chinese joint venture company CRE
Beverage Ltd('CREB'), has established a company, China Resources (Anhui)
Brewery Co Ltd, in Anhui province in Central China. Anhui province is home to
some 63 million people.

The company has effectively acquired the brewing assets and brands of three
breweries situated in Bengbu and Hefei, the provincial capital of Anhui

The three breweries have a combined capacity of 3.8 million hectolitres.
Further investment will be made through refurbishment and expansion, with a
total cost of investment to CREB, of some US$ 67 million. Part of this will be
funded by way of third party debt and the balance by shareholders funds. SAB's
contribution to the shareholder funding amounts to approximately US$15

The investment is in line with CREB's low capital entry cost expansion
strategy and brings its total number of breweries in China to 11, with a
combined total capacity of 17 million hectolitres.

29 January 2001



SAB - Telephone +44 20 7659 0100


SAB - Telephone +27 11 407 1700

                        Graham Mackay, Chief Executive

                  Malcolm Wyman, Corporate Finance Director

                  Salome Brown     Corporate Communications

                  Anna Miller     Head of Investor Relations

                   Brunswick: Rupert Young +44 20 7404 5959

     This announcement is available on the SAB website at