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Altria Group, Inc. Press Release, Dated November 11, 2015 Exhibit

The following excerpt is from the company's SEC filing.

Exhibit 99.1

Altria Group Supports Anheuser-Busch InBev’s Proposed Business Combination with SABMiller

- Altria Group, Inc. (Altria) is pleased that Anheuser-Busch InBev SA/NV (AB InBev) today announced its firm offer to effect a business combination with SABMiller plc (SABMiller) to create the largest beer company in the world in a cash and stock transaction valued at approximately $107 billion.

“Altria fully supports this transaction, and we strongly believe that the deal is in the best interest of our shareholders,” said Marty Barrington, Altria’s Chairman, Chief Executive Officer and President. “Upon closing, Altria will continue to participate in the global brewing profit pool as a large and significant shareholder in what will be the industry’s largest company. We continue to work constructively with the parties toward closing, and we look forward to working with the AB InBev management team at the new, combined company.”

At closing, Altria expects to receive an approximately 10.5% stake in the new, combined company and approximately $2.5 billion in cash, subject to proration. In addition, the announced transaction is expected to provide Altria with two seats on the new company’s board of directors, continue the use of equity accounting for the beer asset’s contribution to Altria’s earnings, and maintain a strong asset on the balance sheet. Finally, the transaction structure provides Altria with tax efficiency.

Additional details of the transaction are attached on Exhibit A.

Altria’s Profile

Altria currently owns approximately 27% percent of SABMiller’s ordinary shares outstanding and has been a SABMiller shareholder since 2002. Altria’s wholly-owned subsidiaries include Philip Morris USA Inc., U.S. Smokeless Tobacco Company LLC, John

Middleton Co., Nu Mark LLC, Ste. Michelle Wine Estates Ltd. (Ste. Michelle) and Philip Morris Capital Corporation.

The brand portfolios of Altria’s tobacco operating companies include


Black & Mild



Green Smoke

. Ste. Michelle produces and markets premium wines sold under various labels, including

Chateau Ste. Michelle

Columbia Crest

14 Hands

Stag’s Leap Wine Cellars

, and it imports and markets


Champagne Nicolas Feuillatte


Villa Maria Estate

products in the United States. Trademarks and service marks related to Altria referenced in this release are the property of Altria or its subsidiaries or are used with permission. More information about Altria is available at and on the Altria Investor app.

Forward-Looking and Cautionary Statements

This press release contains forward-looking statements that involve a number of risks and uncertainties and are made pursuant to the...