/ 17 July 1999

BELGIUM TO BUY PGSI

BELGIUM’S D’Ieteren and Cobepa said on Thursday they are “in advanced negotiations” with South African Breweries to buy SAB’s 68% stake in South African car glass maker Plate Glass Shatterprufe Industries. Car importer D’Ieteren and holding company Cobepa said in a statement the transaction should be concluded “within the next four months”. The statement said they are offering 7,65 euros in cash per ordinary share in PGSI (Plate Glass and Shatterprufe Industries Ltd), adding that SAB had agreed to these terms.