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ANHEUSER-BUSCH INBEV SA/NV - Anheuser-Busch InBev Announces Results of Early Tenders and Consents in USD Notes Exchange Offers

Release Date: 30/11/2016 14:22
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Anheuser-Busch InBev Announces Results of Early Tenders and Consents in USD Notes Exchange Offers

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”)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.




Anheuser-Busch InBev Announces Results of Early Tenders and Consents in USD Notes Exchange Offers

Anheuser-Busch InBev (“AB InBev”) (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH)
today announced that as of 5:00 p.m. New York City time, on November 29, 2016 (the “Early
Participation Date”), the aggregate principal amounts listed below of seven series of notes, each
issued by one of SABMiller Limited (formerly SABMiller plc), SABMiller Holdings Inc. (“Holdings”) or
FBG Finance Pty Ltd (formerly FBG Finance Limited) (together, “SABMiller”)(collectively, the
“SABMiller Notes”), had been validly tendered and not withdrawn in connection with AB InBev’s
previously announced offers to exchange all validly tendered and accepted SABMiller Notes of each
such series for new notes issued by Anheuser-Busch InBev Worldwide Inc. (the “Issuer) (collectively,
the “AB InBev Notes”), and the related solicitation of consents to amend the note documents
governing the SABMiller Notes. A Registration Statement on Form F-4 (File No. 333-214581) (the
“Registration Statement”) relating to the issuance of the AB InBev Notes was filed with the Securities
and Exchange Commission (“SEC”) on November 14, 2016 but has not yet been declared effective.




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                                                                                    Percentage of Total
                                                      Aggregate Principal Amount    Outstanding Principal
                                                      Tendered and Consents         Amount of such Series of
     Series of SABMiller     Notes                    Received as of the Early      SABMiller Notes Tendered
     Offered for Exchange            CUSIP/ISIN No.   Participation Date            and Consenting


     6.50% Notes due 2018            G77395 AF1               $626,658,000                   89.52%
                                     78572M AF2
                                     USG77395AF14
                                     US78572MAF23

     2.200% Fixed Rate Notes due     78573A AE0               $639,715,000                   85.30%
     2018                            U7787R AF8
                                     US78573AAE01
                                     USU7787RAF83

     Floating Rate Notes due 2018    78573A AG5               $307,655,000                   87.90%
                                     U7787R AG6
                                     US78573AAG58
                                     USU77 87RAG66

     3.750% Notes due 2022           78573A AA8               $2,336,267,000                 93.45%
                                     U7787R AA9
                                     US78573AAA88
                                     USU7787RAA96

     6.625% Guaranteed Notes due     78572MAA3                $298,300,000                   99.43%
     August 2033                     G77395AA2
                                     US78572MAA36
                                     USG77395AA27

     5.875% Notes due 2035           Q3748T AC3               $300,000,000                  100.00%
                                     30239X AD9
                                     USQ3748TAC38
                                     US30239XAD93

     4.950% Notes due 2042           78573A AC4               $1,488,530,000                 99.24%
                                     U7787R AC5
                                     US78573AAC45
                                     USU7787RAC52



The exchange offers and consent solicitations (together, the “Exchange Offers”) commenced on
November 14, 2016 and expire at 11:59 p.m., New York City time, on December 13, 2016 (the
“Expiration Date”), unless extended or terminated. The AB InBev Notes are expected to be issued
promptly on or about the third business day following the Expiration Date (the “Settlement Date”).

The dealer managers for the Exchange Offers relating to the SABMiller Notes are:




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             BofA Merrill Lynch             Citigroup Global Markets, Inc.     Deutsche Bank Securities Inc.

      214 North Tryon Street, 14th Floor    390 Greenwich Street, 1st Floor           60 Wall Street
       Charlotte, North Carolina 28255           New York, NY 10013                 New York, NY 10005
                   U.S.A.                              U.S.A.                             U.S.A.

       Attention: Liability Management      Attention: Liability Management    Attention: Liability Management
                     Group                                Group                              Group

               By Telephone:                        By Telephone:                      By Telephone:
          (888) 292-0070 (toll-free)           (800) 558-3745 (toll-free)         (866) 627-0391 (toll-free)
          (980) 683 – 3215 (collect)            (212) 723-6106 (collect)           (212) 250-2955 (collect)




     The exchange agent and information agent for the Exchange Offers relating to the SABMiller Notes is:

                                             Global Bondholder Services
                                                     Corporation

                   By Phone:                          By E-Mail:                         By Mail or Hand:
        Bank and Brokers Call Collect:          contact@gbsc-usa.com                 65 Broadway—Suite 404
              +1 (212) 430-3774                                                     New York, New York 10006
       All Others, Please Call Toll-Free:                                            ATTN: Corporate Actions
              +1 (866) 470-3900




The Exchange Offers are being made pursuant to the terms and conditions set forth in AB InBev’s
prospectus, dated as of November 14, 2016 (the “Prospectus”), which forms a part of the Registration
Statement. Tendered SABMiller Notes, and related consents, may be validly withdrawn at any time
prior to the Expiration Date and AB InBev may terminate or withdraw the Exchange Offers at any time
for any reason.

This press release is not an offer to sell or a solicitation of an offer to buy any of the securities
described herein and is also not a solicitation of the related consents. The Exchange Offers may be
made solely pursuant to the terms and conditions of the Prospectus, and the other related materials.
A Registration Statement relating to the AB InBev Notes has been filed with the SEC but has not yet
become effective. The AB InBev Notes may not be sold, nor may offers to buy be accepted, prior to
the time the Registration Statement is declared effective by the SEC.




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     Security holders are urged to read the exchange offer materials, when available, including the
     Registration Statement on Form F-4 filed with the SEC, as amended from time to time, the related
     prospectus, and the other materials related to the proposed exchange offer filed with the SEC,
     because they contain important information. These and other documents relating to the proposed
     exchange offer, when they are filed with the SEC, may be obtained, free of charge, on the SEC’s web
     site at www.sec.gov, or may be obtained, free of charge, from the Issuer after the exchange offer has
     been commenced by requesting in writing or by telephone to +1-212-573-4365. A copy of the
     prospectus for the exchange offers, when prepared, will also be available, free of charge.

     There will not be any sale of these securities in any state or other jurisdiction in which such offer,
     solicitation or sale would be unlawful prior to registration or qualification under the securities laws of
     any such state or other jurisdiction.

     Any offer of the AB InBev Notes made to holders of the SABMiller Notes which are located or resident
     in any Member State of the European Economic Area which has implemented Directive 2003/71/EC,
     as amended (the “Prospectus Directive”) will be addressed to holders which are qualified investors as
     defined in the Prospectus Directive. Any holder that is not a qualified investor, will not be able to
     participate in the exchange offers.

     In the United Kingdom, this press release is only being communicated to, and any other documents or
     materials relating to the Exchange Offers are only being distributed to and are only directed at, (i)
     persons who are outside the United Kingdom, (ii) investment professionals falling within Article 19(5)
     of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the
     “Order”) or (iii) high net worth entities falling within Articles 49(2)(a) to (d) of the Order (all such
     persons together being referred to as “relevant persons”) or to any other person to whom this press
     release may lawfully be communicated in circumstances where section 21 of the Financial Services
     and Markets Act 2000 does not apply. Any investment or investment activity to which this
     announcement relates is available only to relevant persons and will be engaged in only with relevant
     persons. Any person who is not a relevant person should not act or rely on this announcement or any
     of its contents.

     In Australia, this press release is provided by FBG Finance Pty Ltd (formerly FBG Finance Limited)
     and FBG Treasury (Aust.) Pty Ltd (ABN 80 006 865 738), neither of whom hold, and are not required
     to hold, an Australian financial services licence. To the extent this press release contains any financial
     product advice (for the purposes of the Australian Corporations Act 2001 (Cth)), it is general advice
     only and has been prepared without taking into account investors’ objectives, financial situation or



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     needs. Before acting on any such advice, investors should consider whether the advice is appropriate
     for their circumstances. Where available, investors should obtain a copy of, and consider this, and any
     other relevant disclosure documentation, before making any decision to acquire a financial product.
     No cooling-off regime is available in relation to the offer.




    Contacts
   Media                                                      Investors

   Marianne Amssoms                                           Graham Staley
   Tel: +1-212-573-9281                                       Tel: +1-212-573-4365
   E-mail: marianne.amssoms@ab-inbev.com                      E-mail: graham.staley@ab-inbev.com

   Karen Couck                                                Heiko Vulsieck
   Tel: +1-212-573-9283                                       Tel: +32-16-27-68-88
   E-mail: karen.couck@ab-inbev.com                           E-mail: heiko.vulsieck@ab-inbev.com

   Kathleen Van Boxelaer                                      Lauren Abbott
   Tel: +32-16-27-68-23                                       Tel: +1-212-573-9287
   E-mail: kathleen.vanboxelaer@ab-inbev.com                  E-mail: lauren.abbott@ab-inbev.com

                                                              Fixed Income Investors

                                                              Gabriel Ventura
                                                              Tel: +1-212-478-7031
                                                              E-mail: gabriel.ventura@ab-inbev.com




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     About Anheuser-Busch InBev

     Anheuser-Busch 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). Our Dream is to
     bring people together for a better world. Beer, the original social network, has been bringing people
     together for thousands of years. We are committed to building great brands that stand the test of time
     and to brewing the best beers using the finest natural ingredients. Our diverse portfolio of well over
     400 beer brands includes global brands Budweiser®, Corona® and Stella Artois®; multi-country
     brands Beck’s®, Castle®, Castle Lite®, Hoegaarden® and Leffe®; and local champions such as
     Aguila®, Antarctica®, Bud Light®, Brahma®, Cass®, Chernigivske®, Cristal®, Harbin®, Jupiler®,
     Klinskoye®, Michelob Ultra®, Modelo Especial®, Quilmes®, Victoria®, Sedrin®, Sibirskaya Korona®
     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 200,000 employees based in more than 50
     countries worldwide. In 2015, on a combined pro forma basis, AB InBev realized 55.5 billion US dollar
     in revenues (excluding JVs and associates).

     English, Dutch and French versions of this press release will be available on www.ab-inbev.com.




     Forward Looking Statements

     This press release contains “forward-looking statements”. These statements are based on the current
     expectations and views of future events and developments of the management of AB InBev and are
     naturally subject to uncertainty and changes in circumstances. Forward-looking statements include
     statements typically containing words such as “will”, “may”, “should”, “believe”, “intends”, “expects”,
     “anticipates”, “targets”, “estimates”, “likely”, “foresees” and words of similar import. All statements
     other than statements of historical facts are forward-looking statements. You should not place undue
     reliance on these forward-looking statements, which reflect the current views of the management of
     AB InBev, are subject to numerous risks and uncertainties about AB InBev and are dependent on
     many factors, some of which are outside of AB InBev’s control. There are important factors, risks and
     uncertainties that could cause actual outcomes and results to be materially different, including the
     satisfaction of the conditions to the transactions described herein, the ability to obtain the regulatory
     approvals related to the transactions and the ability to satisfy any conditions required to obtain such
     approvals, and the risks relating to AB InBev described under Item 3.D of its Annual Report on Form
     20-F (“Form 20-F”) filed with the US Securities and Exchange Commission (“SEC”) on 14 March 2016
     and the risks described under “Risk Factors” of the Registration Statement. Other unknown or
     unpredictable factors could cause actual results to differ materially from those in the forward-looking




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     statements. There can be no certainty that the proposed transactions will be completed on the terms
     described herein or at all.

     The forward-looking statements should be read in conjunction with the other cautionary statements
     that are included elsewhere, including AB InBev’s most recent Form 20-F, reports furnished on Form
     6-K, AB InBev’s Registration Statement on Form F-4 and any other documents that AB InBev or
     SABMiller Limited (formerly SABMiller plc) have made public. Any forward-looking statements made
     in this communication are qualified in their entirety by these cautionary statements, and there can be
     no assurance that the actual results or developments anticipated by AB InBev will be realized or, even
     if substantially realized, that they will have the expected consequences to, or effects on, AB InBev or
     its business or operations. Except as required by law, AB InBev undertakes no obligation to publicly
     update or revise any forward-looking statements, whether as a result of new information, future events
     or otherwise.

     30 November 2016
     JSE Sponsor: Deutsche Securities (SA) Proprietary Limited




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