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Friday 30 November, 2001

Interbrew S.A.

Statement re SAB

Interbrew S.A.
30 November 2001

Clear evidence of falsification in document regarding South African Breweries

Brussels, 30 November, 2001

Interbrew, The World's Local Brewer(C), has obtained and reviewed a copy of a 
falsified document circulated anonymously to the press about a transaction 
relating to South African Breweries.

Interbrew's review has indicated that part of this document appears to be 
authentic and represents excerpts from a preliminary working document being 
prepared by Interbrew's bankers as a consequence of its routine annual 
evaluation of the world's leading brewers. This document was never presented to 
either the Executive Committee or the Board of Directors of Interbrew.

Interbrew has also found that material parts of this document appear to be a 
complete fabrication or to have been altered in a misleading way by an unknown 
source. The falsified material appears designed to create the impression that 
Interbrew had considered pricing terms and would bid imminently for the shares 
of South African Breweries.

Interbrew has reported its findings to the appropriate authorities in the United
Kingdom and Belgium.

At a special Board meeting called solely for the purpose of discussing the 
evidence of falsification, the Board of Directors of Interbrew has directed the 
Management to vigorously continue its investigation and to cooperate fully with 
the authorities in this 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. 
The strategy of Interbrew, The World's Local Brewer(C), is to build strong local
platforms in the major beer markets around the world. In the markets where it 
operates, Interbrew is respectful of the local heritage and tradition of the 
beer industry and helps the local management grow its business. 'The World's 
Local Brewer(C)' strategy is based on four pillars: first strengthening the 
local brands (in many cases market leaders), thereafter introducing 
international premium and specialty 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. Finally, Interbrew brings considerable best 
practices to its local platforms and continues to develop the local operations 
both organically and through selective acquisitions. In total, more than 200 
Interbrew brands are sold in over 120 countries. Detailed information on 
Interbrew can be consulted at

Additional information:
Corneel Maes, Spokesman                    Patrick Verelst, Investor Relations
Tel: +32-16-31-57-69                       Tel: +32-16-31-55-41
Mobile: +32-475-92-27-69                   Fax: +32-16-31-57-13
Fax: +32-16-31-59-69                       E-mail: