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ANHEUSER-BUSCH INBEV SA/NV - Notice of Currency Exchange Rate Dividend No. 25

Release Date: 27/11/2018 09:00
Code(s): ANH     PDF:  
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Notice of Currency Exchange Rate Dividend No. 25

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”)


Notice of Currency Exchange Rate Dividend No. 25

Shareholders of AB InBev are referred to the announcement published on the Stock Exchange News Service of
the JSE (“SENS”) on Thursday, 25 October 2018 wherein it was announced that the board of directors of AB InBev
approved an interim dividend of €0.80 per ordinary share for the fiscal year 2018 (the “Dividend”).

The exchange rate applicable for the conversion of Euro to SA Rand for the Dividend will be €1.00 to ZAR
15.6278123 as calculated at the close of business on Monday, 26 November 2018. Accordingly, the gross
amount of the Dividend is 1250.22498 SA cents per ordinary share and will be subject to a Belgian Withholding
Tax of 30% (equalling 375.06749 SA cents per ordinary share) which will be withheld from the gross Dividend
paid to shareholders. After the Belgian Withholding Tax has been withheld, the net Dividend will be 875.15749
SA cents per ordinary share. This withholding tax is reduced to 15% in terms of the double tax treaty in force
between Belgium and South Africa. A rebate of the additional Belgian Withholding Tax of 15% which is withheld
in Belgium must be claimed by SA shareholders in accordance with the relevant reimbursement process noted
in the announcement published on SENS on Thursday, 25 October 2018.

The Dividend may also be subject to SA Dividends Tax at the rate of 20%, unless a shareholder qualifies for an
exemption. Any shareholder that receives a Dividend which is subject to SA Dividends Tax (i.e. where no
exemption is available) will qualify for a 15% rebate from SA Dividends Tax, being the Belgian Withholding Tax
of 15%. The ultimate result is that the Dividend will be subject to a reduced Belgian Withholding Tax rate of 15%
and subject to SA Dividends Tax at a rate of 5% (unless a shareholder qualifies for an exemption from dividends
tax, in which case only Belgian Withholding Tax of 15% will be applicable).

                                                                                                 ZAR cents
 Gross amount of the Dividend                                                                   1250.22498
 Less: 30% Belgian Withholding Tax                                                               375.06749
 Net Dividend after the deduction of the Belgian Withholding Tax                                 875.15749
 Less: 5% SA Dividends Tax                                                                        62.51125
 Net amount of the Dividend                                                                      812.64624

Shareholders who are in any doubt as to their tax position should seek independent professional advice.
                                                                                                       2018
 Last day to trade on the Johannesburg Stock Exchange (JSE) to qualify for           Tuesday, 27 November
 the Dividend
 Ex-Dividend on Euronext from the commencement of trading on                        Tuesday, 27 November
 Ex-Dividend on the JSE from commencement of trading on                           Wednesday, 28 November
 Record date on Euronext                                                          Wednesday, 28 November
 Dividend payable (Euronext)                                                       Thursday, 29 November
 Record date on the JSE                                                               Friday, 30 November
 Dividend payable (SA)                                                               Monday, 3 December

No transfers of shareholdings to and from South Africa will be permitted between Tuesday, 27 November 2018
and Friday, 30 November 2018 (both dates inclusive). No dematerialisation or rematerialisation orders will be
permitted between Wednesday, 28 November 2018 and Friday, 30 November 2018 (both dates inclusive).

The Dividend is payable in SA Rand to shareholders whose shares are traded on the JSE and held through Central
Securities Participants and brokers.


27 November 2018

Joint Sponsors

Questco Corporate Advisory Proprietary Limited
Deutsche Securities (SA) Proprietary Limited

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).

Date: 27/11/2018 09:00:00 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.

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