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Anheuser-Busch InBev to sell its interests in Distell Group Limited to the Public Investment Corporation
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”)
Anheuser-Busch InBev to sell its interests in Distell Group Limited
to the Public Investment Corporation
Anheuser-Busch InBev (“AB InBev”) (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH) has
entered into a binding agreement to sell its entire indirect shareholding in Distell Group Limited (“Distell”)
to the Public Investment Corporation (SOC) Limited, acting on behalf of the Government Employees
Pension Fund (“Sale”).
The stake comprises 58,674,000 ordinary shares or approximately 26.4% of Distell’s issued share capital
(“the Distell Shareholding”).
As part of its ruling to approve the business combination with SABMiller, the Competition Tribunal
required AB InBev to dispose of the Distell Shareholding.
Remgro Limited and Capevin Holdings Limited, who hold pre-emptive rights in relation to the Distell
Shareholding, had confirmed that they will not exercise their pre-emptive rights triggered by the Sale.
The Sale remains subject to the approval of the South African competition authorities.
AB InBev will provide an update in due course.
ab-inbev.com
Standard Bank and Deutsche Bank are acting as joint financial advisers to AB InBev in connection with
this transaction. Webber Wentzel is acting as legal counsel to AB InBev. Deutsche Securities (SA)
Proprietary Limited is the JSE sponsor to AB InBev.
English, French and Dutch versions of this press release will be available on www.ab-inbev.com.
ab-inbev.com
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).
Visit us @ www.ab-inbev.com.
Like us @ www.facebook.com/abinbev.
Follow us @ twitter.com/abinbevnews.
Contacts
Media Investors
Marianne Amssoms Graham Staley
+1 212 573 9281 +1 212 573 4365
marianne.amssoms@ab-inbev.com graham.staley@ab-inbev.com
Karen Couck Mariusz Jamka
+1 212 573 9283 +32 16 27 68 88
karen.couck@ab-inbev.com mariusz.jamka@ab-inbev.com
Kathleen Van Boxelaer Lauren Abbott
+32 16 27 68 23 +1 212 573 9287
kathleen.vanboxelaer@ab-inbev.com lauren.abbott@ab-inbev.com
ab-inbev.com
Notes
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. The forward-looking statements contained
in this release include statements relating to the combination with SABMiller and its related divestitures,
and other statements other than historical facts. 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, among others, the risks relating to the dissolved
company Anheuser-Busch InBev SA/NV (the “former AB InBev”) described under Item 3.D of the former
AB InBev’s Annual Report on Form 20-F (“Form 20-F”) filed with the US Securities and Exchange
Commission (“SEC”) on 14 March 2016, the principal risks described on pages 16 to 17 of SABMiller’s
Annual Report and Accounts for the year ended 31 March 2016 and the risks described under “Risk
Factors” of Newbelco SA/NV’s Registration Statement on Form F-4, filed with the SEC on 26 August 2016.
Other unknown or unpredictable factors could cause actual results to differ materially from those in the
forward-looking 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 the former AB InBev’s most recent Form 20-F, Newbelco SA/NV’s
Registration Statement on Form F-4, reports furnished on Form 6-K, and any other documents that the
former AB InBev, SABMiller or AB InBev 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.
15 December 2016
JSE Sponsor: Deutsche Securities (SA) Proprietary Limited
ab-inbev.com
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