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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")
Regulated information (1)
Disclosure Made According to the Requirements of the Law of 2 May 2007
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 a
transparency notification in accordance with articles 6 and 18 of the Law of 2 May 2007.
The percentage of voting rights attached to shares held by AB InBev has crossed upwards the threshold of 3%,
prompted by the acquisition of treasury shares by AB InBev as part of its ongoing share buy back program.
The transparency notification contains the following information:
1. Date notification: Notification dated 15 May 2025.
2. Reason for the notification: Acquisition or disposal of voting securities or voting rights.
3. Notification by: A parent undertaking or a controlling person; Persons acting in concert.
4. Persons subject to the notification obligation:
Name Address (for legal entities)
M. Max Van Hoegaerden Herrmann Telles
M. Jorge Paulo Lemann
M. Carlos Alberto da Veiga Sicupira
BRC Sàrl (Luxembourg law) 2 Boulevard de la Foire, L 1528 Luxembourg
EPS SA (Luxembourg law) 488 Route de Longwy, L 1940Luxembourg
Stichting Anheuser-Busch InBev (Dutch law) 760 Amstelveenseweg, 1081 JK Amsterdam
Anheuser-Busch InBev SA 1 Grand Place, 1000 Brussels
Rayvax Société d'investissements SA 88 Rue Gachard, 1050 Ixelles
Stichting Fonds InBev Baillet Latour Cerastraat 1, 4811 Breda, Netherlands
Fonds Verhelst SC 1 Brouwerijplein, 3000 Leuven
5. Date of transaction: 12 May 2025
6. Threshold that is crossed (in %): 3
7. Denominator: 2,019,241,973
8. Details:
(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.
A) Voting rights Previous notification After the transaction
# of voting rights # of voting rights % of voting rights
Not Not
Holders of voting linked to Linked to linked to
Linked to securities
rights the securities the
securities securities
M. Jorge Paulo
Lemann 0 0 0.00%
M. Carlos Alberto
da Veiga Sicupira 0 0 0.00%
M. Max Van
Hoegaerden
Herrmann Telles 0 0 0.00%
BRC SàRL
(Luxembourg law) 28,097,078 28,097,078 1.39%
EPS SA
(Luxembourg law) 99,999 99,999 0.00%
EPS
Participations 67,291,593 67,291,593 3.33%
Stichting
Anheuser-Busch
InBev 663,074,832 663,074,832 32.84%
Anheuser-Busch
InBev 53,209,397 60,847,101 3.01%
Brandbrew 265,894 265,894 0.01%
Brandbev 172,467 172,467 0.01%
Ambrew 200,000 200,000 0.01%
Subtotal 812,411,260 820,048,964 40.61%
Rayvax Société
d'investissements
SA 50,000 50,000 0.00%
Subtotal 50,000 50,000 0.00%
Stichting Fonds
InBev Baillet
Latour 0 0 0.00%
Fonds Baillet
Latour 5,485,415 5,485,415 0.27%
Subtotal 5,485,415 5,485,415 0.27%
Fonds Verhelst
SC 0 0 0.00%
Fonds Voorzitter
Verhelst 6,997,665 6,997,665 0.35%
Subtotal 6,997,665 6,997,665 0.35%
TOTAL 832,582,044 0 41.23% 0.00%
B)
Equivalent
After the transaction
financial
instruments
# of voting rights
Holders of
Type of Exercise that may be % of
equivalent Expiration
financial period or acquired if the voting Settlement
financial date
instrument date instrument is rights
instruments
exercised
TOTAL 0 0.00%
% of
TOTAL (A & B) # of voting rights voting
rights
832,582,044 41.23%
9. Chain of controlled entities through which the shareholding is effectively held:
Agreement of concert and shareholding structure of AB InBev:
1) EPS, EPS Participations, Rayvax Société d'Investissements, BRC and Stichting Anheuser-
Busch InBev are bound by a shareholders' agreement organizing the joint control of Stichting
Anheuser-Busch InBev by EPS, EPS Participations and BRC and organizing a concert with
Rayvax Société d'Investissements.
2) AB InBev and its subsidiaries Brandbrew, Ambrew and Brandbev are controlled by Stichting
Anheuser-Busch InBev, which is jointly controlled by EPS, EPS Participations & BRC.
3) Fonds InBev Baillet Latour and Fonds Voorzitter Verhelst have also signed an agreement to
act in concert with Stichting Anheuser-Busch InBev. Fonds InBev Baillet Latour is controlled by
Stichting Fonds InBev Baillet Latour under Dutch law. Fonds Voorzitter Verhelst is controlled by
Fonds Verhelst SC.
4) Rayvax Société d'Investissements is not controlled.
5) EPS Participations is fully owned by EPS, which is not controlled.
6) The ultimate control of BRC is jointly owned by Mr Jorge Paulo Lemann, Carlos Alberto da
Veiga Sicupira & Max Van Hoegaerden Herrmann Telles. A table regarding BRC's complete
chain of control was included in annex to the notification.
10. Additional information: Crossing the 3% voting rights threshold, following the share buybacks by
Anheuser-Busch InBev, carried out as part of the share buyback program.
1) Certificates issued by Stichting Anheuser-Busch InBev (administrative office): EPS holds 1
certificate, EPS Participations holds 331,537,415 certificates and BRC holds 331,537,416
certificates issued by Stichting Anheuser-Busch InBev. Each of these certificates potentially
entitles the holder to 1 Anheuser-Busch InBev share, which is held by Stichting Anheuser-
Busch InBev. These certificates are not included in point 10) B), otherwise the voting rights
they represent would have been counted twice.
2) The natural persons exercising ultimate control over BRC make the declaration on behalf of the
companies exercising intermediate control above BRC, pursuant to article 11, §1 of the Law of
2 May 2007. Given that a large number of companies have intermediate control over BRC
without holding a stake in Anheuser-Busch InBev, these companies have not been included in
the table of shareholdings, but in a separate table included in annex to the notification.
3) EPS makes the declaration on behalf of EPS Participations, its subsidiary, pursuant to article
11, §1 of the Law of 2 May 2007.
4) Anheuser-Busch InBev makes the declaration on behalf of Brandbrew Ambrew and Brandbev,
its subsidiaries, pursuant to article 11 § 1 of the Law of 2 May 2007.
5) Stichting Fonds InBev Baillet Latour makes the declaration on behalf of SC Fonds Baillet
Latour, pursuant to article 11, §1 of the Law of 2 May 2007. Stichting does not directly hold any
shares of Anheuser-Busch InBev.
6) The cooperative company Fonds Verhelst makes the declaration on behalf of SC Fonds
Voorzitter Verhelst, pursuant to article 11, §1 of the Law of 2 May 2007. The first of these
companies does not directly hold any shares of Anheuser-Busch InBev.
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
19 May 2025
JSE Sponsor: Questco Corporate Advisory Proprietary Limited
Date: 19-05-2025 07:05:00
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