Directorate Change

SABMiller Confirmation of directorate change

SABMiller plc confirms that Domenic De Lorenzo has today been appointed as an executive director and as Chief Financial Officer, as previously announced on 8 July 2015.

Ends

Notes:

1. Domenic De Lorenzo is not currently a director of any listed company. There is no information required to be disclosed pursuant to LR 9.6.13 (1) to (6) of the Listing Rules.

2. Domenic's remuneration on appointment as a director and as chief financial officer has been set in accordance with the company's approved remuneration policy, and will consist of:

a. a base salary of £680,000 per annum;

b. retirement benefit defined contributions equal to 30% of his base salary;

c. other benefits as set out in the remuneration policy, including a car allowance of £17,150 per annum, and benefits in kind not expected to exceed £10,000 per annum in value representing the provision of family medical insurance and other miscellaneous benefits;

d. an annual bonus opportunity of up to a maximum of 120% of base pay, with 60% of base pay at target, and 30% of base pay at threshold; and

e. long term incentives in the form of share options and share awards in accordance with the approved remuneration policy.

3. Domenic will be employed under a service contract with the company which may be terminated with not less than 12 months' notice given by the company or by Domenic. A copy of his service contract will shortly be available for viewing at the company's registered office or on the company's website at www.sabmiller.com.

4. On 1 June 2015, Domenic was awarded the following long term incentives:

a. Share options and stock appreciation rights over a total of 59,949 shares at an exercise price of £34.94 per share, subject to applicable performance conditions;

b. A conditional award of 29,975 performance shares, subject to applicable adjusted earnings per share performance conditions; and

c. A conditional award of 60 shares, of which one-third is capable of vesting for every £10 million of additional shareholder value created over three, four and five-year performance periods commencing 1 April 2015.

These long term incentives were awarded in contemplation of Domenic's services as an employee and as a member of the executive committee, rather than as, or in contemplation of appointment as, an executive director, but are disclosed for completeness. No additional long term incentives are intended to be awarded to Domenic during the financial year ending 31 March 2016 as, or in contemplation of appointment as, an executive director.

5. The company's approved remuneration policy requires executive directors other than the Chief Executive to own shares outright equivalent in value to 200% of base salary. As at 23 July 2015, Domenic owns or is beneficially interested in 126,335 shares equivalent in value to 614% of his new base salary (based on the share price of £33.04 as at 30 June 2015).