13th Mar 2009 11:30
Ref: 08/2009
13 March 2009
SABMiller announces South African political donations
SABMiller plc announced today that, following due consideration, the SABMiller Board has decided that the group should provide funding to political parties in the forthcoming South African elections as part of the group's continuing commitment to encourage the development of a multi-party democracy in South Africa.
The Board has asked its South African subsidiary, SAB Ltd, to make a donation of R5 million, which will be distributed across the following six parties; the African National Congress party (ANC); the Democratic Alliance (DA); the Inkatha Freedom Party; the United Democratic Movement; the Independent Democrats; and the Congress of the People party (COPE).
Meyer Kahn, Chairman of SABMiller plc, commented:
"Great strides have been made in recent years to foster a vibrant, multi-party democracy in South Africa and SABMiller is proud to have made a contribution to that achievement. Political progress will remain vital to the country's continued stability and growth, and for that reason we believe it continues to deserve our support."
SABMiller made contributions at the same level in the run up to the 1999 and 2004 elections and has not made any other political donations in South Africa outside of the national election cycle.
Ends
Notes to editors:
About SABMiller plc
SABMiller plc is one of the world's largest brewers with brewing interests and distribution agreements across six continents. The group's wide portfolio of brands includes premium international beers such as Grolsch, Miller Genuine Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as market-leading local brands such as Aguila, Castle, Miller Lite, Snow and Tyskie. SABMiller is also one of the largest bottlers of Coca-Cola products in the world.
In the year ended 31 March 2008, the group reported US$3,639 million in adjusted pre-tax profit and revenue of US$21,410 million. SABMiller plc is listed on the London and Johannesburg stock exchanges.
This announcement is available on the company website: www.sabmiller.com
High resolution images are available for the media to view and download free of charge from www.sabmiller.com or www.newscast.co.uk
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Enquiries: |
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SABMiller plc |
Tel: +44 20 7659 0100 |
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Sue Clark |
Director of Corporate Affairs |
Tel: +44 20 7659 0184 |
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Nigel Fairbrass |
Head of Media Relations |
Tel: +44 7799 894265 |
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This document includes "forward-looking statements". These statements may contain the words "anticipate", "believe", "intend", "estimate", "expect" and words of similar meaning. All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding the Company's financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to the Company's products and services) are forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. These forward-looking statements speak only as at the date of this announcement. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this announcement to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Any information contained in this announcement on the price at which the Company's securities have been bought or sold in the past, or on the yield on such securities, should not be relied upon as a guide to future performance.
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