Change of Name

RNS Number:1862G
Foster's Brewing Group Ld
2 July 2001

FOSTER'S UNVEILS BOLD NEW LOOK

Melbourne, Australia: Monday 2 July, 2001: Foster's Group Limited today
officially launched a new company name and corporate identify aimed at better
reflecting the glowing breadth of Foster's business interests which now span
beer, wine, leisure and entertainment, spirits and residential property.

The launch of the new company name and identity follows approval from Foster's
shareholders at a general meeting on 27th of May, 2001 to change the group's
name from Foster's Brewing Group Limited to Foster's Group Limited.

Foster's President and CEO, Ted Kunkel, said, "Foster's is a uniquely balanced,
multi product premium branded beverage company with the right mix of cash flow
and growth businesses in its portfolio."

"As such, it is appropriate for Foster's to have a company name and identity
which preserves the group's 110-year beer heritage but also pays tribute to the
business mix going forward.

"Today we are launching more than a name, we are introducing a new identity for
the group, one that clearly demonstrates our aspirations to grow as a global
premium branded beverage player," he said.

Foster's new corporate identity is represented by three glasses which are
intended to make an instant visual reference to the group's diverse business
activities.

The adopted tagline, 'Inspiring Global Enjoyment', acknowledges the core of what
Foster's is about. Whether through beer, wine, leisure and hospitality, spirits
or property, Foster's premium product offerings aim to inspire enjoyment.

Foster's new company name, Foster's Group Limited, and corporate identity are
effective immediately. The group's ASX 'ticker' code will change from FBG to FGL
on Tuesday, 3rd July, 2001.

Further information:

Graeme Willersdorf                                      Nicole Devlin
Tel: [phone]                                     Tel: [phone]
Mob: [phone]                                       Mob: [phone]

To view Foster's new corporate identity in full colour visit our website at     
                             www.fostersgroup.com