MOSCOW, 19 September 2003 - The auction to set the 1st coupon rate of the ruble bonds issued by OOO SUN Interbrew Finance, a fully owned subsidiary of SUN Interbrew, took place on the 18th of September. As a result of the auction, the 1st coupon rate was fixed by the issuer at 13.75% p.a.

The total volume of demand at the auction amounted 3.364 billion rubles, some 35% more than the issue size. Raiffeisenbank Austria is the Issue Arranger and the Underwriter.

Co-arrangers were ZAO «International Moscow Bank», OAO «Vneshtorgbank», OAO Bank «Petrocommerz», the Bank of Moscow, AKB «Ingosstrakh-Soyuz», ING Bank (Eurasia) ZAO.

As set out in the Prospectus, the 2nd coupon rate will be the same as the 1st coupon rate. The following coupons’ rates will be fixed by the Issuer 10 days before the 2nd coupon payment date.

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SUN Interbrew Limited is one of the leading brewers in the Former Soviet Union with 9 breweries in Russia and 3 in Ukraine along with its own distribution network. The company is the second largest brewer in Russia and the market leader in Ukraine. The Company’s main brands are Stella Artois, Staropramen, Klinskoye, Sibirskaya Korona and Tolstiak in Russia; and Stella Artois, Chernigivske, Rogan, Taller, Hetman and Yantar in Ukraine. The largest shareholders of SUN Interbrew include Interbrew, the World’s Local Brewer?, and the SUN Group, an international investment management group.

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

ZAO «Raiffeisenbank Austria», a member of the international Raiffeisen banking group, is the 12th largest of the Russian bank in terms of total assets as of July 1, 2003, and is one of the leaders in the ruble corporate bonds market. During 2001-2003, the Bank acted as Arranger and Co-arranger of 24 corporate bond issues with a total value of 34.5 billion rubles.