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SUN Interbrew

October 21, 2003

SUN Interbrew starts malt-house construction

SARANSK, October 21, 2003 – SUN Interbrew announces the beginning of construction works of a new malt-house in Saransk, the Republic of Mordovia. The production capacity of the malt-house will be approximately 85 thousand tons of malt per year. Simultaneously with the construction of a new malt-house, modernization and capacity increase of the existing malt-house will take place at Saransk affiliate, JSC “United Breweries”.

Project completion is scheduled for the third quarter of 2005 and result in the increase of SUN Interbrew total malt production capacities in Mordovia up to 130 thousand tons of malt per year.

The major objective of the construction of a new malt-house is to satisfy increased demand of SUN Interbrew breweries for high-quality malt. 100% malt produced in Mordovia will be used for the Company’s own needs.

Announcing start of the new malt-house construction works, Chief Executive Officer of SUN Interbrew Joseph W. Strella underlined the investment attractiveness of the Mordovian Republic and the importance of the project both for the company and economy of the region: «We highly appreciate the partnership with the authorities of the Republic of Mordovia and are confident about our further successful cooperation. Putting into operation a new malt-house will allow SUN Interbrew to reduce its dependence on imported malt and will give Mordovia an added in?entive to continue their brewing barley program».

For further information contact:

Alexei Shavenzov
Corporate affairs manager
United brewing plants, JSC, Saransk Affiliate
Phone +7 (834-2) 29-34-47


Editors’ notes:

SUN Interbrew Limited is the second largest brewer in Russia and the largest brewer in Ukraine. The company is a strategic partnership between Interbrew, one of the largest brewers in the world, and the SUN Group, operating in the region since 1958, and in the beer sector of Russia and the CIS since the beginning of the 1990s.

The company’s main brands are Stella Artois, Staropramen, Klinskoye, and Sibirskaya Korona, Tolstiak in Russia, and Stella Artois, Chernigivske, Rogan, Taller and Yantar in Ukraine.

SUN Interbrew is a public company registered in Jersey, whose shares are listed and traded on the Luxembourg, Frankfurt and Berlin exchanges.

Saransk affiliate of JSC “United Breweries” is a subsidiary of SUN Interbrew brewing holding. Presently such brands as Tolstiak, Klinskoye, Sibirskaya Korona, Volzhanin, Pikur, and Premier are produced here.

 

 

 

 

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