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SUN Interbrew

August 1, 2003

SUN Interbrew acquires brewery in Chuvashia

MOSCOW, August 1, 2003 - SUN Interbrew Ltd. announces the signing of an agreement on acquisition of the 100% share of OOO “Kombinat Napitkov” – a company owning brewing production capacities in Novocheboksarsk, Republic of Chuvashia.  Following the deal, the brewery will become the ninth Russian production site managed by SUN Interbrew

 

The brewery in Novocheboksarsk was built in 2001 and is one of the most modern brewing facilities in Russia.  The leading equipment installed at the brewery allows annual production of up to 1 million hl of beer of the highest quality. The acquisition provides some of the necessary additional capacity for future growth requirements.

 

SUN Interbrew is planning to use the newly acquired capacities to produce the premium brands Stella Artois®, Staropramen®, the Klinskoye®premium varieties Redkoye and Samurai.

 

Joseph W. Strella, Chief Executive Officer of SUN Interbrew, said after the signing of the agreement, “We are happy that such a wonderful brewery in Chuvashia will become part of our company. Not only will it strengthen our positions in the Privolzhsky Federal Okrug but it will also give us an opportunity to increase our capacities in Russia on the whole and produce more premium quality products for which the demand is growing steadily along with the development of the Russian beer market”.

 

The acquisition will have no material impact on the financial results for 2003 but the benefits of the acquisition will begin to arise in 2004.

 

ENDS

 

For further information Contact:           

 

SUN Interbrew Limited                                                                         Tel. (095) 960-2360

Joseph W. Strella                                                                          

Chief Executive Officer

 

Financial Dynamics                                                                     Tel: +44 (0) 20 7831 3113

Ben Foster                               

                                                           

Note to Editors:

                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®, 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.

                The Republic of Chuvashia is located in the centre of the European part of Russia in the Volga-Vyatsky Region.  Administratively, it is part of the Privolzhsky Federal Okrug (Trans Volga Federal Area).  SUN Interbrew already has two other breweries in the area, in Perm and in Saransk, Republic of Mordovia, as well as sales centres in Nizhny Novgorod and Samara.

 

 

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