Addendum to Press Release: Anheuser-Busch InBev reports Second Quarter and Half Year 2016 Results 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: ABI JSE Share Code: ANB ISIN: BE0003793107 NYSE ADS Code: BUD ISIN: US03524A1088 Addendum to Press Release: Anheuser-Busch InBev reports Second Quarter and Half Year 2016 Results Headline EPS Due to the secondary listing of the ordinary shares of Anheuser-Busch InBev on the main board of the JSE Limited (JSE) in South Africa, the Group is required to present headline earnings per share and diluted headline earnings per share, as alternative measures of earnings per share, calculated in accordance with Circular 2/2015 ‘Headline Earnings’ issued by the South African Institute of Chartered Accountants. The calculation of headline earnings per share is based on the headline earnings and a weighted average number of ordinary shares (including deferred share instruments and stock lending) outstanding during the year, calculated as follows: HY16 HY15 Net of Net of taxes and taxes and Gross Gross non- non- amount amount controlling controlling interests interests Million US dollar Profit attributable to equity holders of AB InBev - 285 - 4 610 After tax impairment of goodwill, PP&E and intangible assets 15 5 18 7 After tax net (gain)/loss on disposal of PP&E, intangible and other assets (24) (19) (146) (91) Headline earnings 271 4 526 Weighted average number of ordinary shares (million) 1 641 1 640 Headline earnings per share (US dollar) 0.17 2.76 Weighted average number of ordinary shares (diluted) (million) 1 673 1 671 Diluted headline earnings per share (US dollar) 0.16 2.71 Shareholders are referred to the Second Quarter and Half Year 2016 Results announcement. 29 July 2016 JSE Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 29/07/2016 07:33:00 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.