Wrap Text
Disclosure Made According to the Requirements of the Law of 2 May 2007
Anheuser-Busch InBev SA/NV
(Incorporated in the Kingdom of Belgium)
Register of Companies Number: 0417.497.106
Euronext Brussels Share Code: ABI
Mexican Stock Exchange Share Code: ANB
NYSE ADS Code: BUD
JSE Share Code: ANH
ISIN: BE0974293251
("AB InBev" or the "Company")
Disclosure Made According to the
Requirements of the Law of 2 May 2007
Regulated information1
19 June 2025 – Anheuser-Busch InBev (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE:ANH) ("AB InBev")
("the Company") announces today, in accordance with article 14, first paragraph of the Law of 2 May 2007, that it
received four transparency notifications from BlackRock, Inc.: two on 16 June 2025, one on 17 June 2025 and one
on 18 June 2025, in accordance with articles 6 and 18 of the Law of 2 May 2007.
The percentage of total voting rights attached to shares held by BlackRock, Inc. has first crossed downwards the
threshold of 3% on 11 June 2025, as a result of disposals of voting securities or voting rights in the Company. Then
the percentage of total voting rights held by BlackRock, Inc. has crossed downwards the threshold of 3% on
12 June 2025, as a result of disposals of voting securities or voting rights in the Company. On 13 June 2025, the
percentage of total voting rights held by BlackRock, Inc. has crossed upwards the threshold of 3%, as a result of
acquisitions of voting securities or voting rights in the Company. Finally, on 16 June 2025, the percentage of total
voting rights attached to shares held by BlackRock, Inc. has crossed upwards the threshold of 3%, as a result of
acquisitions of voting securities or voting rights in the Company.
The first transparency notification received on 16 June 2025 contains the following information:
1. Date notification: Notification dated 12 June 2025.
2. Reason for the notification: Acquisition or disposal of voting securities or voting rights.
3. Notification by: A parent undertaking or controlling person.
4. Persons subject to the notification obligation:
Name Address (for legal entities)
BlackRock, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock (Singapore) Limited 20 Anson Road #18-01, Singapore, 79912, Singapore
BlackRock Advisors (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Advisors, LLC 50 Hudson Yards, New York, NY, 10001, U.S.A.
161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1,
BlackRock Asset Management Canada Limited
Canada
BlackRock Asset Management Deutschland AG Lenbachplatz 1 1st Floor, Munich, 80333-MN3, Germany
15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3
BlackRock Asset Management North Asia Limited
Garden Road, Central, Hong Kong
BlackRock Capital Management, Inc. 100 Bellevue Parkway, Wilmington, 19809, U.S.A.
BlackRock Financial Management, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock Fund Advisors 400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock Institutional Trust Company, National
400 Howard Street, San Francisco, CA, 94105, U.S.A.
Association
BlackRock Investment Management (Australia) Level 37 Chifley Tower, 2 Chifley Square, Sydney NSW
Limited 2000, Australia
BlackRock Investment Management (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Investment Management, LLC 1 University Square Drive, Princeton, NJ, 8540, U.S.A.
1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo,
BlackRock Japan Co., Ltd.
100-8217, Japan
Aperio Group, LLC 3 Harbor Dr Suite 204, Sausalito, CA 94965, U.S.A.
Corporation Service Company, 251 Little Falls Drive,
SpiderRock Advisors, LLC
Wilmington, DE 19808, U.S.A.
1 The enclosed information constitutes regulated information as defined in the Belgian Royal Decree of 14 November 2007 regarding the
duties of issuers of financial instruments which have been admitted for trading on a regulated market.
5. Date of transaction: 11 June 2025
6. Threshold that is crossed (in %): 3
7. Denominator: 2,019,241,973
8. Details:
A) Voting rights Previous notification After the transaction
# of voting rights # of voting rights % of voting rights
Not Not
linked to Linked to linked to
Holders of voting rights Linked to securities
the securities the
securities securities
BlackRock, Inc. 0 0 0.00%
BlackRock (Singapore)
Limited 62,711 102,555 0.01%
BlackRock Advisors
(UK) Limited 16,101,301 13,198,350 0.65%
BlackRock Advisors,
LLC 789,674 761,967 0.04%
BlackRock Asset
Management Canada 1,111,659 1,106,402 0.05%
Limited
BlackRock Asset
Management 3,984,593 3,926,974 0.19%
Deutschland AG
BlackRock Asset
Management North Asia 24,088 40,902 0.00%
Limited
BlackRock Capital
Management, Inc. 0 3,298 0.00%
BlackRock Financial
Management, Inc. 111,578 189,402 0.01%
BlackRock Fund
Advisors 17,630,169 17,630,169 0.87%
BlackRock Institutional
Trust Company, National 12,243,617 12,254,399 0.61%
Association
BlackRock Investment
Management (Australia) 439,581 439,487 0.02%
Limited
BlackRock Investment
Management (UK) 6,177,403 7,996,972 0.40%
Limited
BlackRock Investment
Management, LLC 754,927 899,962 0.04%
BlackRock Japan Co.,
Ltd 1,380,328 1,380,901 0.07%
Aperio Group, LLC 35,806 35,806 0.00%
60,847,434 59,967,545 2.97%
Subtotal
TOTAL 59,967,545 0 2.97% 0.00%
B) Equivalent
financial After the transaction
instruments
# of voting rights
Holders of
Exercise that may be
equivalent Type of financial Expiration % of voting
period acquired if the Settlement
financial instrument date rights
or date instrument is
instruments
exercised
BlackRock Advisors
(UK) Limited Securities Lent 619,110 0.03% physical
BlackRock Advisors
(UK) Limited Depositary Receipt 325,962 0.02%
BlackRock Financial Contract for
Management, Inc. Difference 64,541 0.00% cash
BlackRock
Institutional Trust Contract for
Company, National Difference 48,864 0.00% cash
Association
BlackRock
Institutional Trust
Company, National Depositary Receipt 4,149 0.00%
Association
BlackRock
Investment Contract for
Management (UK) Difference 363 0.00% cash
Limited
BlackRock
Investment
Management (UK) Depositary Receipt 1,713 0.00%
Limited
BlackRock
Investment Contract for
Management, LLC Difference 3,580 0.00% cash
Aperio Group, LLC Depositary Receipt 843,881 0.04%
SpiderRock
Advisors, LLC Depositary Receipt 470 0.00%
TOTAL 1,912,633 0.09%
% of voting
TOTAL (A & B) # of voting rights
rights
61,880,178 3.06%
9. Chain of controlled entities through which the shareholding is effectively held: Included in annex.
10. Additional information: The disclosure obligation arose due to voting rights attached to shares for
BlackRock, Inc. going below 3%.
The second transparency notification received on 16 June 2025 contains the following information:
1. Date notification: Notification dated 16 June 2025.
2. Reason for the notification: Acquisition or disposal of voting securities or voting rights. Downward
crossing of the lowest threshold.
3. Notification by: A parent undertaking or controlling person.
4. Persons subject to the notification obligation:
Name Address (for legal entities)
BlackRock, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock (Singapore) Limited 20 Anson Road #18-01, Singapore, 79912, Singapore
BlackRock Advisors (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Advisors, LLC 50 Hudson Yards, New York, NY, 10001, U.S.A.
161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1,
BlackRock Asset Management Canada Limited Canada
BlackRock Asset Management Deutschland AG Lenbachplatz 1 1st Floor, Munich, 80333-MN3, Germany
BlackRock Asset Management North Asia Limited 15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3
Garden Road, Central, Hong Kong
BlackRock Financial Management, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock Fund Advisors 400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock Institutional Trust Company, National
Association 400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock Investment Management (Australia) Level 37 Chifley Tower, 2 Chifley Square, Sydney NSW
Limited 2000, Australia
BlackRock Investment Management (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Investment Management, LLC 1 University Square Drive, Princeton, NJ, 8540, U.S.A.
BlackRock Japan Co., Ltd. 1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo,
100-8217, Japan
Aperio Group, LLC 3 Harbor Dr Suite 204, Sausalito, CA 94965, U.S.A.
Corporation Service Company, 251 Little Falls Drive,
SpiderRock Advisors, LLC Wilmington, DE 19808, U.S.A.
5. Date of transaction: 12 June 2025
6. Threshold that is crossed (in %): 3
7. Denominator: 2,019,241,973
8. Details:
A) Voting rights Previous notification After the transaction
# of voting rights # of voting rights % of voting rights
Not Not
linked to Linked to linked to
Holders of voting rights Linked to securities
the securities the
securities securities
BlackRock, Inc. 0 0 0.00%
BlackRock (Singapore)
Limited 102,555 62,711 0.00%
BlackRock Advisors
(UK) Limited 13,198,350 13,339,281 0.66%
BlackRock Advisors,
LLC 761,967 761,967 0.04%
BlackRock Asset
Management Canada 1,106,402 1,106,395 0.05%
Limited
BlackRock Asset
Management 3,926,974 3,904,925 0.19%
Deutschland AG
BlackRock Asset
Management North Asia 40,902 24,088 0.00%
Limited
BlackRock Capital
Management, Inc. 3,298 0 0.00%
BlackRock Financial
Management, Inc. 189,402 108,519 0.01%
BlackRock Fund
Advisors 17,630,169 17,623,161 0.87%
BlackRock Institutional
Trust Company, 12,254,399 12,253,492 0.61%
National Association
BlackRock Investment
Management (Australia) 439,487 439,487 0.02%
Limited
BlackRock Investment
Management (UK) 7,996,972 6,481,810 0.32%
Limited
BlackRock Investment
Management, LLC 899,962 749,074 0.04%
BlackRock Japan Co.,
Ltd. 1,380,901 1,421,998 0.07%
Aperio Group, LLC 35,806 35,806 0.00%
59,967,545 58,312,714 2.89%
Subtotal
TOTAL 58,312,714 2.89%
B) Equivalent
financial After the transaction
instruments
# of voting rights
Holders of
Exercise that may be
equivalent Type of financial Expiration % of voting
period acquired if the Settlement
financial instrument date rights
or date instrument is
instruments
exercised
BlackRock Advisors
(UK) Limited Depositary Receipt 255,190 0.01%
BlackRock Financial Contract for
Management, Inc. Difference 55,591 0.00% cash
BlackRock
Institutional Trust Contract for
Company, National Difference
Association 42,088 0.00% cash
BlackRock
Institutional Trust
Company, National
Association Depositary Receipt 4,149 0.00%
BlackRock
Investment Contract for
Management (UK) Difference
Limited 363 0.00% cash
BlackRock
Investment Contract for
Management, LLC Difference 3,887 0.00% cash
Aperio Group, LLC Depositary Receipt 844,583 0.04%
SpiderRock
Advisors, LLC Depositary Receipt 470 0.00%
TOTAL 1,206,321 0.06%
% of voting
TOTAL (A & B) # of voting rights
rights
59,519,035 2.95%
9. Chain of controlled entities through which the shareholding is effectively held: Included in annex.
10. Additional information: The disclosure obligation arose due to total holdings in voting rights for BlackRock,
Inc. going below 3%.
The transparency notification received on 17 June 2025 contains the following information:
1. Date notification: Notification dated 16 June 2025.
2. Reason for the notification: Acquisition or disposal of voting securities or voting rights.
3. Notification by: A parent undertaking or controlling person.
4. Persons subject to the notification obligation:
Name Address (for legal entities)
BlackRock, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock (Singapore) Limited 20 Anson Road #18-01, Singapore, 79912, Singapore
BlackRock Advisors (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Advisors, LLC 50 Hudson Yards, New York, NY, 10001, U.S.A.
161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1,
BlackRock Asset Management Canada Limited Canada
BlackRock Asset Management Deutschland AG Lenbachplatz 1 1st Floor, Munich, 80333-MN3, Germany
15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3
BlackRock Asset Management North Asia Limited Garden Road, Central, Hong Kong
BlackRock Capital Management, Inc. 100 Bellevue Parkway, Wilmington, 19809, U.S.A.
BlackRock Financial Management, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock Fund Advisors 400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock Institutional Trust Company, National 400 Howard Street, San Francisco, CA, 94105, U.S.A.
Association
BlackRock Investment Management (Australia) Level 37 Chifley Tower, 2 Chifley Square, Sydney NSW
Limited 2000, Australia
BlackRock Investment Management (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Investment Management, LLC 1 University Square Drive, Princeton, NJ, 8540, U.S.A.
1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo,
BlackRock Japan Co., Ltd. 100-8217, Japan
Aperio Group, LLC 3 Harbor Dr Suite 204, Sausalito, CA 94965, U.S.A.
Corporation Service Company, 251 Little Falls Drive,
SpiderRock Advisors, LLC
Wilmington, DE 19808, U.S.A.
5. Date of transaction: 13 June 2025
6. Threshold that is crossed (in %): 3
7. Denominator: 2,019,241,973
8. Details:
A) Voting rights Previous notification After the transaction
# of voting rights # of voting rights % of voting rights
Not Not
linked to Linked to linked to
Holders of voting rights Linked to securities
the securities the
securities securities
BlackRock, Inc. 0 0 0.00%
BlackRock (Singapore)
Limited 62,711 547,334 0.03%
BlackRock Advisors
(UK) Limited 13,339,281 13,624,285 0.67%
BlackRock Advisors,
LLC 761,967 761,967 0.04%
BlackRock Asset
Management Canada 1,106,395 1,106,422 0.05%
Limited
BlackRock Asset
Management 3,904,925 3,899,396 0.19%
Deutschland AG
BlackRock Asset
Management North Asia 24,088 23,858 0.00%
Limited
BlackRock Capital
Management, Inc. 0 3,256 0.00%
BlackRock Financial
Management, Inc. 108,519 188,568 0.01%
BlackRock Fund
Advisors 17,623,161 17,624,707 0.87%
BlackRock Institutional
Trust Company, 12,253,492 12,246,048 0.61%
National Association
BlackRock Investment
Management (Australia) 439,487 439,487 0.02%
Limited
BlackRock Investment
Management (UK) 6,481,810 7,696,653 0.38%
Limited
BlackRock Investment
Management, LLC 749,074 760,754 0.04%
BlackRock Japan Co.,
Ltd. 1,421,998 1,492,060 0.07%
Aperio Group, LLC 35,806 35,806 0.00%
58,312,714 60,450,600 2.99%
Subtotal
60,450,600 0 2.99% 0.00%
TOTAL
B) Equivalent
financial After the transaction
instruments
# of voting rights
Holders of
Exercise that may be
equivalent Type of financial Expiration % of voting
period acquired if the Settlement
financial instrument date rights
or date instrument is
instruments
exercised
BlackRock Financial Contract for
Management, Inc. Difference 46,748 0.00% cash
BlackRock
Institutional Trust Contract for
Company, National Difference 38,199 0.00% cash
Association
BlackRock
Investment Contract for
Management (UK) Difference 363 0.00% cash
Limited
BlackRock
Investment Contract for
Management, LLC Difference 3,887 0.00% cash
BlackRock
Institutional Trust
Company, National Depositary Receipt 4,149 0.00% physical
Association
Aperio Group, LLC Depositary Receipt 844,754 0.04% physical
SpiderRock
Advisors, LLC Depositary Receipt 470 0.00% physical
TOTAL 938,570 0.05%
% of voting
TOTAL (A & B) # of voting rights
rights
61,389,170 3.04%
9. Chain of controlled entities through which the shareholding is effectively held: Included in annex.
10. Additional information: The disclosure obligation arose due to total holdings in voting rights for BlackRock,
Inc. going above 3%.
The transparency notification received on 18 June 2025 contains the following information:
1. Date notification: Notification dated 17 June 2025.
2. Reason for the notification: Acquisition or disposal of voting securities or voting rights.
3. Notification by: A parent undertaking or controlling person.
4. Persons subject to the notification obligation:
Name Address (for legal entities)
BlackRock, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock (Singapore) Limited 20 Anson Road #18-01, Singapore, 79912, Singapore
BlackRock Advisors (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Advisors, LLC 50 Hudson Yards, New York, NY, 10001, U.S.A.
161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1,
BlackRock Asset Management Canada Limited Canada
BlackRock Asset Management Deutschland AG Lenbachplatz 1 1st Floor, Munich, 80333-MN3, Germany
15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3
BlackRock Asset Management North Asia Limited Garden Road, Central, Hong Kong
BlackRock Financial Management, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock Fund Advisors 400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock Institutional Trust Company, National
Association 400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock Investment Management (Australia) Level 37 Chifley Tower, 2 Chifley Square, Sydney NSW
Limited 2000, Australia
BlackRock Investment Management (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Investment Management, LLC 1 University Square Drive, Princeton, NJ, 8540, U.S.A.
1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo,
BlackRock Japan Co., Ltd. 100-8217, Japan
Aperio Group, LLC 3 Harbor Dr Suite 204, Sausalito, CA 94965, U.S.A.
Corporation Service Company, 251 Little Falls Drive,
SpiderRock Advisors, LLC Wilmington, DE 19808, U.S.A.
5. Date of transaction: 16 June 2025
6. Threshold that is crossed (in %): 3
7. Denominator: 2,019,241,973
8. Details:
A) Voting rights Previous notification After the transaction
# of voting rights # of voting rights % of voting rights
Not Not
linked to Linked to linked to
Holders of voting rights Linked to securities
the securities the
securities securities
BlackRock, Inc. 0 0 0.00%
BlackRock (Singapore)
Limited 547,334 495,777 0.02%
BlackRock Advisors
(UK) Limited 13,624,285 15,779,071 0.78%
BlackRock Advisors,
LLC 761,967 715,820 0.04%
BlackRock Asset
Management Canada 1,106,422 1,104,907 0.05%
Limited
BlackRock Asset
Management 3,899,396 3,901,348 0.19%
Deutschland AG
BlackRock Asset
Management North Asia 23,858 40,617 0.00%
Limited
BlackRock Capital
Management, Inc. 3,256 0 0.00%
BlackRock Financial
Management, Inc. 188,568 192,902 0.01%
BlackRock Fund
Advisors 17,624,707 17,605,767 0.87%
BlackRock Institutional
Trust Company, 12,246,048 12,248,659 0.61%
National Association
BlackRock Investment
Management (Australia) 439,487 439,487 0.02%
Limited
BlackRock Investment
Management (UK) 7,696,653 6,497,402 0.32%
Limited
BlackRock Investment
Management, LLC 760,754 894,918 0.04%
BlackRock Japan Co.,
Ltd. 1,492,060 1,421,516 0.07%
Aperio Group, LLC 35,806 35,806 0.00%
60,450,600 61,373,997 3.04%
Subtotal
61,373,997 0 3.04% 0.00%
TOTAL
B) Equivalent
financial After the transaction
instruments
# of voting rights
Holders of
Exercise that may be
equivalent Type of financial Expiration % of voting
period acquired if the Settlement
financial instrument date rights
or date instrument is
instruments
exercised
BlackRock Financial Contract for
Management, Inc. Difference 43,421 0.00% cash
BlackRock
Institutional Trust Contract for
Company, National Difference 32,874 0.00% cash
Association
BlackRock
Investment Contract for
Management (UK) Difference 363 0.00% cash
Limited
BlackRock
Investment Contract for
Management, LLC Difference 3,887 0.00% cash
BlackRock
Institutional Trust
Company, National Depositary Receipt 4,149 0.00% physical
Association
Aperio Group, LLC Depositary Receipt 845,292 0.04% physical
SpiderRock
Advisors, LLC Depositary Receipt 470 0.00% physical
TOTAL 930,456 0.05%
% of voting
TOTAL (A & B) # of voting rights
rights
62,304,453 3.09%
9. Chain of controlled entities through which the shareholding is effectively held: Included in annex.
10. Additional information: The disclosure obligation arose due to voting rights attached to shares for
BlackRock, Inc. going above 3%.
Notifications of significant shareholdings to be made according to the Law of 2 May 2007 or AB InBev's bylaws,
should be sent to jan.vandermeersch@ab-inbev.com.
This press release can be consulted on AB InBev's website via this link www.ab-inbev.com.
About Anheuser-Busch InBev (AB InBev)
Anheuser-Busch InBev (AB InBev) is a publicly traded company (Euronext: ABI) based in Leuven, Belgium, with secondary
listings on the Mexico (MEXBOL: ANB) and South Africa (JSE: ANH) stock exchanges and with American Depositary Receipts
on the New York Stock Exchange (NYSE: BUD). As a company, we dream big to create a future with more cheers. We are
always looking to serve up new ways to meet life's moments, move our industry forward and make a meaningful impact in the
world. We are committed to building great brands that stand the test of time and to brewing the best beers using the finest
ingredients. Our diverse portfolio of well over 500 beer brands includes global brands Budweiser®, Corona®, Stella Artois®
and Michelob ULTRA®; multi-country brands Beck's®, Hoegaarden® and Leffe®; and local champions such as Aguila®,
Antarctica®, Bud Light®, Brahma®, Cass®, Castle®, Castle Lite®, Cristal®, Harbin®, Jupiler®, Modelo Especial®, Quilmes®,
Victoria®, Sedrin®, and Skol®. Our brewing heritage dates back more than 600 years, spanning continents and generations.
From our European roots at the Den Hoorn brewery in Leuven, Belgium. To the pioneering spirit of the Anheuser & Co brewery
in St. Louis, US. To the creation of the Castle Brewery in South Africa during the Johannesburg gold rush. To Bohemia, the
first brewery in Brazil. Geographically diversified with a balanced exposure to developed and developing markets, we leverage
the collective strengths of approximately 144 000 colleagues based in nearly 50 countries worldwide. For 2024, AB InBev's
reported revenue was 59.8 billion USD (excluding JVs and associates).
Anheuser-Busch InBev Contacts
Investors Media
Shaun Fullalove Media Relations
E-mail: shaun.fullalove@ab-inbev.com E-mail: Media.Relations@ab-inbev.com
Ekaterina Baillie
E-mail: ekaterina.baillie@ab-inbev.com
Cyrus Nentin
E-mail: cyrus.nentin@ab-inbev.com
20 June 2025
JSE Sponsor: Questco Corporate Advisory Proprietary Limited
Annex: Full chain of controlled undertakings through which the holding is effectively held, if applicable:
BlackRock, Inc. BlackRock, Inc. BlackRock, Inc.
BlackRock Finance, Inc. BlackRock Finance, Inc. BlackRock Finance, Inc.
BlackRock Holdco 2, Inc. BlackRock Holdco 2, Inc. BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc. BlackRock Financial Management, Inc. BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc. BlackRock Holdco 4, LLC BlackRock Capital Holdings, Inc.
BR Jersey International Holdings L.P. BlackRock Holdco 6, LLC BlackRock Advisors, LLC
BlackRock (Singapore) Holdco Pte. BlackRock Delaware Holdings Inc.
Ltd. BlackRock Fund Advisors BlackRock, Inc.
BlackRock HK Holdco Limited BlackRock Finance, Inc.
BlackRock Lux Finco S.a.r.l. BlackRock, Inc. BlackRock Holdco 2, Inc.
BlackRock Japan Holdings GK BlackRock Finance, Inc. BlackRock Financial Management, Inc.
BlackRock Japan Co., Ltd. BlackRock Holdco 2, Inc. BlackRock International Holdings, Inc.
BlackRock Financial Management, Inc. BR Jersey International Holdings L.P.
BlackRock, Inc. BlackRock Holdco 3, LLC
BlackRock Finance, Inc. BlackRock, Inc. BlackRock Finance, BlackRock Cayman 1 LP
Trident Merger, LLC Inc. BlackRock Holdco 2, Inc. BlackRock Cayman West Bay Finco
BlackRock Investment Management, BlackRock Financial Management, Inc. Limited
LLC BlackRock Capital Holdings, Inc. BlackRock Cayman West Bay IV
BlackRock Advisors, LLC Limited
BlackRock, Inc. BlackRock Capital Management, Inc. BlackRock Group Limited
BlackRock Finance, Inc. BlackRock Finance Europe Limited
BlackRock Holdco 2, Inc. BlackRock, Inc. BlackRock Advisors (UK) Limited
BlackRock Financial Management, Inc. BlackRock Finance, Inc.
BlackRock International Holdings, Inc. BlackRock Holdco 2, Inc. BlackRock, Inc.
BR Jersey International Holdings L.P. BlackRock Financial Management, Inc. BlackRock Finance, Inc.
BlackRock Holdco 3, LLC BlackRock International Holdings, Inc. BlackRock Holdco 2, Inc.
BlackRock Cayman 1 LP BR Jersey International Holdings L.P. BlackRock Financial Management, Inc.
BlackRock Cayman West Bay Finco BlackRock (Singapore) Holdco Pte. BlackRock International Holdings, Inc.
Limited Ltd. BR Jersey International Holdings L.P.
BlackRock Cayman West Bay IV BlackRock HK Holdco Limited BlackRock (Singapore) Holdco Pte.
Limited BlackRock Asset Management North Ltd.
BlackRock Group Limited Asia Limited BlackRock (Singapore) Limited
BlackRock Finance Europe Limited
BlackRock Investment Management BlackRock, Inc. BlackRock, Inc.
(UK) Limited BlackRock Finance, Inc. BlackRock Finance, Inc.
BlackRock Holdco 2, Inc. Trident Merger, LLC
BlackRock, Inc. BlackRock Financial Management, Inc. BlackRock Investment Management,
BlackRock Finance, Inc. BlackRock International Holdings, Inc. LLC
BlackRock Holdco 2, Inc. BR Jersey International Holdings L.P. Amethyst Intermediate, LLC
BlackRock Financial Management, Inc. BlackRock Holdco 3, LLC Aperio Holdings, LLC
BlackRock International Holdings, Inc. BlackRock Cayman 1 LP Aperio Group, LLC
BR Jersey International Holdings L.P. BlackRock Cayman West Bay Finco
BlackRock Australia Holdco Pty. Ltd. Limited BlackRock, Inc.
BlackRock Investment Management BlackRock Cayman West Bay IV BlackRock Finance, Inc.
(Australia) Limited Limited Trident Merger, LLC
BlackRock Group Limited Web Holdings, LLC
BlackRock, Inc. BlackRock Finance Europe Limited SpiderRock Advisors, LLC
BlackRock Finance, Inc. BlackRock (Netherlands) B.V.
BlackRock Holdco 2, Inc. BlackRock Asset Management
BlackRock Financial Management, Inc. Deutschland AG
BlackRock Holdco 4, LLC
BlackRock Holdco 6, LLC BlackRock, Inc.
BlackRock Delaware Holdings Inc. BlackRock Finance, Inc.
BlackRock Institutional Trust BlackRock Holdco 2, Inc.
Company, National Association BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BlackRock Canada Holdings ULC
BlackRock Asset Management Canada
Limited
Date: 20-06-2025 08:10:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
