Anheuser-Busch InBev Proposes to Acquire SABMiller for £42.15 in Cash

Anheuser-Busch InBev

today announces a revised proposal to the Board of SABMiller plc

to combine the two companies and build the first truly global beer company. Revised Proposal is Highly Attractive to SABMiller Shareholders The revised proposal that AB InBev has made today is to acquire SABMiller for GBP 42.15 per share in cash, with a partial share alternative available for approximately 41% of the SABMiller shares. AB InBev has made two prior written proposals in private to SABMiller, the first at GBP 38.00 per share in cash and the second at GBP 40.00 per share in cash. AB InBev is disappointed that the Board of SABMiller has rejected both of these prior approaches without any meaningful engagement. AB InBev believes that this revised proposal