SABMiller and KP sales results on the quarter ended on December 31.

In the last quarter of 2011 Kompania Piwowarska’s sales volumes went down by 6% as a result of de-stocking of wholesalers and distributors in an attempt to ensure availability of fresh beer in trade. Meanwhile SABMiller, KP’s mother company, recorded a growth rate of 3% on previous year’s results.

SABMiller plc, the world’s second largest beer producer, today issues its interim management statement for the group’s third quarter ended 31 December 2011. The group’s lager volumes for the third quarter were 3% ahead of the prior year with good growth in all our regions with the exception of Europe and North America. Organic*, constant currency group revenue grew 7% for the quarter. Group revenue per hectolitre grew 3% on the same basis supported principally by price benefits, with mix gains achieved in all regions except Europe.

Sales volumes of Kompania Piwowarska (KP), the group’s Polish subsidiary were down by 6% reflecting the impact of planned de-stocking of wholesaler and distributor inventories as well as on-going competition in pricing and promotions.

Quality has always been the priority of Kompania Piwowarska. The company maintains the highest production standards and best quality of our beers. Close attention is paid to every stage of manufacturing; best raw materials are used while significant investment has been made in production facilities to ensure the highest quality of products. It is of key importance that the final product in the hands of the consumer is fresh while high stock inventories at trade partners may result in an older age of beer, which is already a few weeks old when reaching the shelves. Hence the decision to de-stock the inventories, which in a short term resulted in a reduction of sales volume.

* excluding the effects of acquisitions and disposals on volumes and revenues

Notes to the editor:

Kompania Piwowarska - leader of the Polish beer industry
Kompania Piwowarska is the largest brewer in Poland. Hundreds of years of experience in brewing, state-of-the-art technology and rigorous adherence to the ‘world class manufacturing’ principles guarantee the highest quality beer. The company's brand portfolio includes bestselling Polish beers, such as Tyskie, Żubr, Lech, Dębowe Mocne, Redd's as well as international premium brands: Pilsner Urquell, Grolsch and Peroni Nastro Azzurro. Kompania Piwowarska, established in 1999, operates three breweries (in Tychy, Poznań and Białystok) and fourteen depots across the country. Kompania Piwowarska is engaged in a number of social programs, addressing poverty based social exclusion as well as educational programs promoting responsibility and moderation in alcohol consumption. In the fiscal year F10, ended on 31 March 2011, KP sales volume amounted to 14.1 mill hectolitres.

SABMiller – one of the largest brewers in the world
Kompania Piwowarska is part of SABMiller plc. SABMiller plc is one of the world's largest brewers with brewing interests or 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 Aquila, Castle, Miller Lite, Snow and Tyskie. SABMiller is also one of the largest Coca Cola bottlers outside the US. In the year ended on 31 March 2011 the group reported US$ 5 billion in profit (EBITA) and group revenue of US$ 28.3 billion. SABMiller plc is listed on the London and Johannesburg stock exchanges.

Further enquires:

Wojciech Mrugalski
Communications Manager
wojciech.mrugalski@kp.sabmiller.com
Tel. + 48 61 667 7667
Mobile + 48 601 91 11 44
Fax + 48 61 667 7850