Director/PDMR Shareholding

Notification of transactions of directors, persons discharging managerial responsibilities or connected persons in accordance with DTR 3.1

The independent trustee of the SABMiller plc Employees' Benefit Trust (the EBT) notified SABMiller plc (the Company) on 21 June 2013 that it had on 21 June 2013 exercised its discretion and released ordinary shares in the Company to persons discharging managerial responsibility (PDMRs), as summarised in the table below.

These shares relate to conditional awards of performance shares made on 1 June 2010 under the SABMiller plc Executive Share Award Plan 2008. These awards are only capable of vesting if the Company's Total Shareholder Return (TSR) exceeds the median TSR of a comparator group over a five year performance period. No shares vest for median performance but for every £10 million of additional shareholder value created in excess of the median (being the % outperformance of the median multiplied by SABMiller's market capitalisation at the start of the performance period) a fixed number of shares will vest. These awards are subject to testing against the performance condition on the fifth anniversary of the date of grant, but participants may request the Remuneration Committee (the Committee) at its discretion to recommend to the trustee of the EBT the early release of some or all of the shares comprised in their award after three years. The PDMRs noted below requested the Committee in June 2013 to consider the release of the number of shares shown in the table below, and the Committee after due consideration agreed so to recommend to the trustee of the EBT.

In accordance with the terms of the awards, the number of shares to be released was calculated by reference to the Company's TSR performance against its comparator group for the period from 1 April 2010 to 31 May 2013. For this period, SABMiller's TSR was 97.689%, compared with 63.233% for the median of the comparator group, meaning that an additional £9,560 million of shareholder value in excess of the median was created over this period.

One third of the shares were released to the PDMRs on 21 June 2013. The release of two-thirds of the shares has been deferred and they will be released in two further equal tranches over the remainder of the five year performance period. There is no opportunity for these deferred shares to be retested against any future TSR out-performance, and the deferred shares remain subject to forfeiture under certain circumstances should the participant's employment terminate before the fifth anniversary of the date of the original award.

The price per share sold on 21 June 2013 was £31.841566.