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Wednesday 28 November, 2001

Interbrew S.A.

Statement re Possible Offer

Interbrew S.A.
28 November 2001

Brussels, 28 November, 2001

Interbrew, The World's Local Brewer(C) notes this morning's press speculation 
regarding a potential transaction with South African Breweries PLC (SAB). 
Interbrew confirms that it has undertaken a preliminary analysis of SAB as part 
of its routine annual review of the leading brewers of the world.

Interbrew confirms that the analysis, which is at a very preliminary stage, may 
or may not lead to an offer for SAB at some time in the future but can confirm 
that no approach has been made on the matter.

Interbrew - The World's Local Brewer(C)
Interbrew is the second largest brewer in the world in terms of volume. The 
company is headquartered in Belgium and employs over 34,000 people worldwide. 
Interbrew, The World's Local Brewer(C), is committed to combining its global 
position and ambition with leveraging its local brands. The strength of its 
portfolio is the combination of strong local brands, in many cases market 
leaders, with world brands including Stella Artois(R), Hoegaarden(R), Leffe(R), 
Bass(R) Ale, and Beck's(R) as early as 2002 and after closing of the 
transaction. In total, more than 200 Interbrew brands are sold in over 120 
countries. Visit Interbrew at corporate web site

Additional Information:
Patrice J. Thys,                           Patrick Verelst,
EVP Corporate Secretary                    Investor Relations
Tel: +32-16-24 7532                        Tel: +32-16-31-55-41
Fax: +32-16-24 7896                        Fax: +32-16-31-57-13
E-mail:         E-mail: