SABMiller PLC (SBMRY), the international beverage company, Tuesday announced that it has made a proposal to the Board of Directors of brewer Foster's Group Ltd. (FBRWY) to acquire all of Foster's shares for A$4.90 per share in cash, or a total of A$11.2 billion.

MAIN FACTS:

-The proposal represents a premium of 14.5% to the trading price of Foster's of A$4.28 as at June 2 and a premium of 18.4% to the adjusted closing price of Foster's shares as at May 25 of A$4.14

-The proposal would be financed from SABMiller's existing resources and new debt facilities.

-SABMiller is in a position to conclude an agreed transaction quickly.

-SABMiller shares closed Monday at 2182 pence valuing the company at GBP34.64 billion.

-By Peter Evans, Dow Jones Newswires; 44-20-7842-9308; peter.evans@dowjones.com

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