Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

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For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

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HOW WE USE INFORMATION

We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

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We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

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SABMiller PLC (SAB)

  Print      Mail a friend       Annual reports

Thursday 26 August, 2004

SABMiller PLC

Re Joint Venture

SABMiller PLC
26 August 2004

                                 SABMiller plc

      SABMiller Associate Announces Greenfield Brewery Investment in China

London and Johannesburg, 26 August 2004. China Resources Breweries Limited 
('CRB'), an associate of SABMiller plc ('SABMiller') and a subsidiary of China
Resources Enterprise, Limited ('CRE'), announces that it will invest US$82.2
million (RMB 682m) in the construction of a new brewery in the city of Dongguan,
in the south-east Chinese province of Guangdong.  The brewery, which will have
an ultimate capacity of approximately 3 million hectolitres at a cost of US$27.4
per hectolitre, will be built to international specifications enabling it to
produce premium and draught beer.  The brewery is expected to be operational in
early 2006, construction is expected to commence in November, and on completion
will provide employment for some 450 people.

The Guangdong province, which incorporates the Pearl River Delta, is the most
prosperous and economically developed in China with a population of over 79
million and the highest regional GDP.  The province accounts for approximately
8% of China's total beer volume and volumes in the province have risen from 6.6
million hectolitres in 1992 to an estimated 19.5 million hectolitres in 2003.
Dongguan, together with Guangzhou and Shenzhen, is the largest beer consuming
area in the province.

Andre Parker, SABMiller's Africa & Asia Managing Director, commented:

'This is CRB's first greenfield investment in China and will be achieved at a
competitive entry cost of US$27 per hectolitre, comparing favourably with recent
acquisition multiples.  The cities of Dongguan, Shenzhen and Guangzhou will be
important future markets for CRB's Snow brand as well as, potentially, our
international premium brands such as Miller Genuine Draft.  Additionally, CRE's
extensive supermarket chain will also provide good regional distribution
synergies.  This investment is a continuation of CRB's successful 10 year
strategy of increasing its national coverage.'

China Resources Breweries is the second largest brewer in China, with a market
share of 11% and production capacity of 53 million hectolitres across 33
breweries.  In the year to March 2004, CRB reported sales volumes of 25.3
million hectolitres, including 7 million hectolitres of Snow.  SABMiller entered
the China market in 1994 and is one of few profitable foreign brewers operating
in the country.

Ends







About SABMiller plc

SABMiller plc is one of the world's largest brewers, with 2003/04 lager sales
volumes in excess of 137 million hectolitres.  It has a brewing presence in over
40 countries across four continents and a portfolio of strong brands and leading
market shares in many of the countries in which it has brewing operations.
Outside the USA, SABMiller plc is one of the largest bottlers of Coca-Cola
products in the world.



In the year ended 31 March 2004, the group generated US$1,391million pre-tax
profit from a turnover of US$12,645 million.  SABMiller plc is listed on the
London and Johannesburg stock exchanges.



About China Resources Breweries Limited

China Resources Breweries Limited was established in 1994 and is engaged in the
production, sales and marketing of beer and beverages in China. Its shareholders
are China Resources Enterprise, Limited and SABMiller plc, the third largest
brewing group in the world. China Resources Enterprise, Limited has 51%
interests in China Resources Breweries Limited while SABMiller plc holds 49%
interests. It operates more than 30 breweries in the Chinese Mainland with total
sales volume of 2.53 million kilolitres in 2003.



About China Resources Enterprise, Limited

China Resources Enterprise, Limited is listed on the Hong Kong Stock Exchange
and is also traded on SEAQ International of the London Stock Exchange. It is
also one of the constituent stocks of the Hang Seng Index in Hong Kong and Hang
Seng London Reference Index. The group has a well-diversified portfolio of
businesses in both Hong Kong and the Chinese Mainland, with principal activities
being retail, beverage, food processing and distribution, textile and petroleum
distribution.





This announcement is available on www.sabmiller.com



For further information:



Contacts:

Sue Clark
Director of Corporate Affairs                  Tel: + 44 (0) 20 7659 0184
SABMiller plc                                  Mob: + 44 (0) 7850 285471


Gary Leibowitz
Vice President, Investor Relations             Tel: +44 (0) 20 7659 0119
SABMiller plc                                  Mob: +44 (0) 7717 428540


Ciaran Baker
Head of Corporate Communications              Tel: +44 (0) 20 7659 0120
SABMiller plc                                 Mob: +44 (0) 7979 954493


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