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SABMiller PLC (SAB)

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Thursday 11 July, 2002

SABMiller PLC

Further re Proposed Placing

SABMiller PLC
11 July 2002

               Proposed placing of ordinary shares of SABMiller plc

London and Johannesburg, 11 July 2002. In light of prevailing market conditions,
SABMiller plc has decided, in the best interests of its shareholders and the
company, not to proceed with the proposed placing of ordinary shares.


                                                                        - ENDS -

For further information contact:

Nick Chaloner                    SABMiller                  +44 (0)20 7659 0100
Ciaran Baker

Fergus Wylie                     Cubitt Consulting          + 44 (0)20 7367 5103

Ian Hannam                       JPMorgan                   +44 (0)20 7325 1000

David Mayhew                     Cazenove                   +44 (0)20 7588 2828
Roger Lambert

This announcement has been issued by SABMiller and is the sole responsibility of
SABMiller. JPMorgan and Cazenove are acting exclusively for SABMiller and no one
else in connection with the proposed placing.

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