SABMiller Canada to Terminate Canadian License Agreement
Confirms intention to explore other options for Canadian import and
TORONTO, ONTARIO -- (Marketwire) -- 02/27/13 -- Miller Brewing
Company, a subsidiary of SABMiller plc, confirms that it is
terminating its Canadian License Agreement with Molson Coors Canada.
Although Molson Coors Canada has filed a lawsuit in Ontario seeking
to prevent termination of the License Agreement, Miller is vigorously
defending that action and maintains its right to terminate.
"While Miller brands make up only a small percentage of Molson Coors'
Canadian sales, this decision reflects our belief that there exists
the opportunity to grow Miller's brands in Canada," said Paul Gurr,
Managing Director - Canada. "We see Canada as a country with a rich
tradition of beer appreciation and believe we can better serve
Canadians' needs through this transition."
SABMiller remains committed to the Canadian market, and Miller
trademark brands will continue to be available within Canada.
Miller has provided Molson Coors Canada with the necessary 6-months'
notice of termination, as of January 18, 2013. As such, the agreement
will be terminated as of July 22, 2013.
Investor relations contact:
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+44 20 7659 0105
Business Media Relations Manager
+44 20 7659 0188
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