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Morris (Philip) (ALA)

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Monday 08 April, 2002

Morris (Philip)

Statement By Philip Morris Co

Morris (Philip) Companies Inc
5 April 2002

( BW)(PHILIP-MORRIS)(MO) Statement By Philip Morris Companies Inc.

    Business Editors

    NEW YORK--(BUSINESS WIRE)--April 5, 2002--Yesterday, South African

Breweries plc issued the following statement:

    -   As part of its strategic development, South African Breweries

        plc is in discussions with a number of third parties regarding

        the ongoing consolidation of the beer industry. In response to

        recent press speculation, South African Breweries plc confirms

        that it is in discussions with Philip Morris Companies Inc.

        regarding a potential transaction involving Miller Brewing

        Company. These discussions are at a preliminary stage and no

        conclusions have been reached.

    -   There is no certainty that these discussions will lead to any

        agreement and a further announcement will be made only if they

        do so.

    We confirm that we are in discussions with South African Breweries

regarding a potential transaction involving Miller Brewing Company. We

plan to make no further comment.

    CONTACT: Philip Morris Companies Inc., New York

             David Tovar, 917/663-2144

                      This information is provided by RNS
            The company news service from the London Stock Exchange