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ASX announcement

Melbourne, 19 February 2003

Foster's Group Limited (Foster's) today announced that Mr James King, Senior Vice President Strategy and Business Development has resigned from the Company to pursue other interests.

Mr King joined Foster's in 1997 as Managing Director for Foster's Asia and was subsequently appointed as Managing Director of Carlton and United Breweries (CUB) in 2000 and to his most recent role in late 2002.

Foster's President and Chief Executive Officer, Mr Ted Kunkel, thanked Mr King for his considerable contribution over six years with the Company and wished him every success for his future endeavours. Mr King will leave Foster's on 28 February, 2003.

A search has now commenced to fill the position of Senior Vice President Strategy and Business Development, reporting to the CEO.