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Friday 14 June, 2002

Office of Fair Trade

Merger Update

Office of Fair Trading
14 June 2002


   Acquisition by Philip Morris Companies Inc of an interest in South African
Breweries plc 

The Director General of Fair Trading is considering whether the above 
acquisition qualifies for investigation under the merger provisions of the
Fair Trading Act 1973.  Should it be found to qualify, the Director General
will consider it further with a view to advising the Secretary of State for
Trade and Industry under section 76(1) of  the Act as to whether or not the
merger should be referred to the Competition Commission for investigation and

Affected Sector: Breweries

Please send written representations about any competition or public interest
implications to:

     Ms A Pickett
     Office Of Fair Trading
     1st Floor
     1 Poultry
     London EC2R 8JR    

     FAX: 020-7211-8916    

to arrive by 27 June 2002.

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