ASX Announcement - CUB Name Change

Melbourne, 01 July 2004

Foster's Group Limited today announced that its Australian beverages business, Carlton & United Breweries (CUB), had changed its name to Carlton & United Beverages.

Managing Director for Carlton & United Beverages, Mr John Murphy, said the new name for the business:

• reflects CUB's evolution to become a multi-beverage company (i.e. beer, pre-mixed spirits, spirits, popular table wine, cider, juices and other non-alcohol drinks);
• highlights the company's aim to be Australia's leading beverage company;
• builds on the company's brewing heritage, retaining its traditional 'Carlton & United' name founded in 1907; and
• maintains the use of the well-known 'CUB' acronym and the well-recognised 'CUB' logo/rondel.

  Further information:

  Media
  David Park
  Tel: +613 9633 2118
  Mob: 61 418 159 231