ANHEUSER-BUSCH INBEV SA/NV - Anheuser-Busch InBev SA/NV 40,000,000,000 Euro Medium Term Note Programme - Supplement Number 1 dated 11 May 2017

Anheuser-Busch InBev SA/NV €40,000,000,000 Euro Medium Term Note Programme - Supplement Number 1 dated 11 May 2017

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”)


Publication of Supplement

The following prospectus supplement to the base prospectus dated 6 December 2016 (the "Base
Prospectus"), has been approved by the UK Listing Authority and is available for viewing:

                 Supplement Number 1 dated 11 May 2017 (the "Supplement")
                                       relating to the
                               Anheuser-Busch InBev SA/NV
                    €40,000,000,000 Euro Medium Term Note Programme
                       unconditionally and irrevocably guaranteed by
   Anheuser-Busch Companies, LLC, Anheuser-Busch Inbev Finance Inc., Anheuser-Busch Inbev
              Worldwide Inc., Brandbev S.à r.l., Brandbrew S.A. and Cobrew NV


Please read the disclaimer below "Disclaimer – Intended Addressees" before attempting to access this
service, as your right to do so is conditional upon complying with the requirements set out below.

To view the Supplement, please paste the following URL into the address bar of your browser:

https://www.rns-pdf.londonstockexchange.com/rns/8976E_3-2017-5-
11.pdf?_ga=2.20966392.1968752499.1494505093-1944897221.1488466172

To view the Audited Consolidated Financial Statements, please paste the following URL into the address bar
of your browser:

https://www.rns-pdf.londonstockexchange.com/rns/8976E_2-2017-5-
11.pdf?_ga=2.118877834.2028402626.1494505117-1944897221.1488466172

To view the First Quarter 2017 Results, please paste the following URL into the address bar of your
browser:

https://www.rns-pdf.londonstockexchange.com/rns/8976E_-2017-5-
11.pdf?_ga=2.237825856.1968698610.1494505126-1944897221.1488466172

To view the First Quarter Unaudited Interim Report, please paste the following URL into the address bar of
your browser:

https://www.rns-pdf.londonstockexchange.com/rns/8976E_1-2017-5-
11.pdf?_ga=2.76676050.697927431.1494505138-1944897221.1488466172

A copy of the Supplement and the documents incorporated by reference therein will be submitted to the
National   Storage   Mechanism     and   will    shortly   be     available   for    inspection    at:
www.morningstar.co.uk/uk/NSM.
For further information, please contact:

Henry Rudd
Email: henry.rudd@ab-inbev.com
Tel: +1 (212) 5 03 18 92

or

Lauren Abbott
Email: lauren.abbott@ab-inbev.com
Tel: +1 (212) 5 73 92 87

or

Gabriel Ventura
Email: gabriel.ventura@ab-inbev.com
Tel: +1 (212) 4 78 70 31

Anheuser-Busch InBev SA/NV
Brouwerijplein 1, 3000 Leuven, Belgium

This announcement does not constitute or form part of an offer to sell or the solicitation of an offer to
subscribe for or otherwise acquire any securities.

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in the Supplement may be addressed to and/or targeted at
persons who are residents of particular countries (specified in the Base Prospectus as supplemented by the
Supplement) only and is not intended for use and should not be relied upon by any person outside these
countries and/or to whom the offer contained in the Base Prospectus as supplemented by the Supplement is
not addressed. Prior to relying on the information contained in the Base Prospectus as supplemented by
the Supplement you must ascertain from the Base Prospectus as supplemented by the Supplement
whether or not you are part of the intended addressees of, and eligible to view, the information contained
therein.

 In particular, neither this announcement nor the Supplement shall constitute an offer to sell or the
solicitation of an offer to buy securities in the United States or in any other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration, exemption from registration or qualification
under the securities law of any such jurisdiction.

The securities described in the Base Prospectus (the "Securities") have not been, and will not be, registered
under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or under any relevant securities
laws of any state of the United States of America and are subject to U.S. tax law requirements. Subject to
certain exceptions, the Securities may not be offered or sold directly or indirectly within the United States or
to, or for the account or benefit of, U.S. persons or to persons within the United States of America, as such
terms are defined in Regulation S under the Securities Act. Any forwarding, distribution or reproduction of
the Base Prospectus in whole or in part is prohibited. Failure to comply with this notice may result in a
violation of the Securities Act or the applicable laws of other jurisdictions. There will be no public offering
of the Securities in the United States.

Your right to access this service is conditional upon complying with the above requirement.

11 May 2017
Sponsor: Deutsche Securities SA Proprietary Limited

Date: 11/05/2017 02:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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