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ANHEUSER-BUSCH INBEV SA/NV - AB InBev reports on the progress of its share buy-back program announced on 31 October 2023

Release Date: 05/12/2023 08:34
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AB InBev reports on the progress of its share buy-back program announced on 31 October 2023

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")

AB InBev reports on the progress of its share buy-back program announced on 31 October 2023

Regulated information1

December 4, 2023 – Anheuser-Busch InBev (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE:ANH) ("AB
InBev") ("the Company") hereby discloses certain information in relation to its share buy-back program announced
on 31 October 2023, in accordance with article 8:4 of the Royal Decree of 29 April 2019 implementing the Belgian
Code on Companies and Associations. Under this program, AB InBev has granted a discretionary mandate to an
independent financial intermediary to repurchase AB InBev shares for an amount of 1 billion USD2 during a 12-
month period.

Further to the launch of the share buy-back program announced on 31 October 2023, AB InBev reports the
purchase of 782,924 AB InBev shares in the central order book of Euronext Brussels in the period from 1-Dec-
2023 up to and including 27-Nov-2023. The shares were repurchased at an average price of 57.4460 per share for
a total consideration of € 44,975,819.50.

                                                                                                                     Average                Lowest                Highest
      Date of                  Number                Total amount                    Total amount
                                                                                                                      price                  price                 price
    repurchase                of shares                 (EUR)                           (USD)
                                                                                                                      (EUR)                  (EUR)                 (EUR)

     27-Nov-23                 329,351              €18,930,067.90                  $20,724,638.34                   57.4769                57.2600                57.7000

     28-Nov-23                 113,600               €6,459,793.57                   $7,064,430.25                   56.8644                56.4200                57.2200

     29-Nov-23                 113,497               €6,506,947.58                   $7,147,881.92                   57.3315                57.0500                57.5400

     30-Nov-23                 113,676               €6,529,952.99                   $7,149,972.03                   57.4436                56.9500                57.7100

      1-Dec-23                 112,800               €6,549,057.46                   $7,136,507.91                   58.0590                57.8600                58.2600

         Total                 782,924              €44,975,819.50                  $49,223,430.44                   57.4460                56.4200                58.2600


Since the start of the share buy-back program on 13 November 2023, AB InBev has bought back 3,983,639 shares
for a total amount of 226,467,793.08 EUR (246,288,565.22 USD) under the share buy-back program. This
corresponds to 0.20% of the total shares outstanding.

The overview relating to the share buy-back program is available on http://www.ab-inbev.com/investors.html and
will be updated on a weekly basis.


1 The enclosed information constitutes regulated information as defined in the Belgian Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments which
have been admitted for trading on a regulated market.

2 At 31 October 2023 market close, this amount represented 17,632,416 shares. Such number of shares will fluctuate depending on market fluctuations.


About Anheuser-Busch InBev (AB InBev)

Anheuser-Busch InBev (AB 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). As a company, we dream big to create a future with more cheers. We are
always looking to serve up new ways to meet life's moments, move our industry forward and make a meaningful impact in the
world. We are committed to building great brands that stand the test of time and to brewing the best beers using the finest
ingredients. Our diverse portfolio of well over 500 beer brands includes global brands Budweiser®, Corona® and Stella
Artois®; multi-country brands Beck's®, Hoegaarden®, Leffe® and Michelob ULTRA®; and local champions such as Aguila®,
Antarctica®, Bud Light®, Brahma®, Cass®, Castle®, Castle Lite®, Cristal®, Harbin®, Jupiler®, Modelo Especial®, Quilmes®,
Victoria®, Sedrin®, 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 167,000 colleagues based in nearly 50 countries worldwide. For 2022, AB InBev's
reported revenue was 57.8 billion USD (excluding JVs and associates).


Anheuser-Busch InBev Contacts

Investors                                                             Media
Shaun Fullalove                                                       Fallon Buckelew
Tel: +1 212 573 9287                                                  Tel: +1 310 592 6319
E-mail: shaun.fullalove@ab-inbev.com                                  E-mail: fallon.buckelew@ab-inbev.com

Maria Glukhova                                                        Michaël Cloots
Tel: +32 16 276 888                                                   Tel: +32 497 167 183
E-mail: maria.glukhova@ab-inbev.com                                   E-mail: michael.cloots@ab-inbev.com

Cyrus Nentin
Tel: +1 646 746 9673
E-mail: cyrus.nentin@ab-inbev.com


5 December 2023
JSE Sponsor: Questco Corporate Advisory Proprietary Limited






Date: 05-12-2023 08:34:00
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