The Russian Federal Commission for the Securities Market registered the report on the results of the First Bond Issue Placement of SUN Interbrew Finance on October 7, 2003. Trading in the bonds in the over-the-counter secondary market will start shortly.

On 18 September 2003 the issue for the amount of 2.5 billion rubleshas been fully placed on Moscow Interbank Exchange. The issue will mature in three years from the placement date. The bonds bear semi-annual coupons. The first two coupon rates are equal and fixed at the level of 13.75%.  Further coupon rates will be defined by the issuer not later than on the 10th day before the put option date, August 17, 2004. The issue is fully guaranteed by SUN Interbrew Limited, Jersey.

Raiffeisenbank Austria is the Lead Manager and the Underwriter. Co-arrangers are ZAO “International Moscow Bank”, OAO “Vneshtorgbank”, OAO Bank “Petrocommerz”, the Bank of Moscow, AKB “Ingosstrakh-Soyuz”, ING Bank (Eurasia) ZAO.

For further information Contact:

Raiffeisenbank
Laura Souleimanova                                                                Tel. +7 (095) 721-9900

SUN Interbrew Limited
Joseph W. Strella, Chief Executive Officer
Evgeny Kornilov, Finance Director                                                Tel. +7 (095) 960-2360

Financial Dynamics
Ben Foster                                                                                Tel. +44 (20) 7269 7247
Caroline Ledosquet                                                                     Tel. +44 (20) 7269 7233
 

Note to editors:

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 25 corporate bond issues with a total value of 37 billion rubles.