Wrap Text
Disclosure Made According the Requirements of the Law of 2 May 2007
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")
Disclosure Made According the
Requirements of the Law of 2 May 2007
Regulated information1
25 July 2025 – Anheuser-Busch InBev (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE:ANH) ("AB InBev")
("the Company") announces today, in accordance with article 14, first paragraph of the Law of 2 May 2007, that it
received five transparency notifications from BlackRock, Inc: one dated 17 July 2025, one dated 18 July 2025, one
dated 21 July 2025, one dated 24 July 2025 and one dated 25 July 2025.
The percentage of total voting rights attached to shares held by BlackRock, Inc. has first crossed downwards the
threshold of 3% on 16 July 2025, as a result of disposals of voting securities or voting rights in the Company. Then
the percentage of voting rights attached to shares held by BlackRock, Inc. has crossed upwards the threshold of
3% on 17 July 2025, as a result of acquisitions of voting securities or voting rights in the Company. On 18 July
2025, the percentage of total voting rights attached to shares held by BlackRock, Inc. again crossed downwards
the threshold of 3%, as a result of disposals of voting securities or voting rights in the Company.
Finally, on 23 July 2025 the percentage of total voting rights held by BlackRock, Inc. crossed downwards the
threshold of 3% as a result of disposals of voting securities or voting rights, and on 24 July 2025, this percentage
once again crossed upwards the threshold of 3%, as a result of acquisitions of voting securities or voting rights in
the Company.
The transparency notification dated 17 July 2025 contains the following information:
1. Date notification: Notification dated 17 July 2025.
2. Reason for the notification: Acquisition or disposal of voting securities or voting rights.
3. Notification by: A parent undertaking or controlling person.
4. Persons subject to the notification obligation:
Name Address (for legal entities)
BlackRock, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock (Singapore) Limited 20 Anson Road #18-01, Singapore, 79912, Singapore
BlackRock Advisors (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Advisors, LLC 50 Hudson Yards, New York, NY, 10001, U.S.A.
161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1,
BlackRock Asset Management Canada Limited
Canada
BlackRock Asset Management Deutschland AG Lenbachplatz 1 1st Floor, Munich, 80333-MN3, Germany
15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3
BlackRock Asset Management North Asia Limited
Garden Road, Central, Hong Kong
BlackRock Financial Management, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock Fund Advisors 400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock Institutional Trust Company, National
400 Howard Street, San Francisco, CA, 94105, U.S.A.
Association
BlackRock Investment Management (Australia) Level 37 Chifley Tower, 2 Chifley Square, Sydney NSW
Limited 2000, Australia
BlackRock Investment Management (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Investment Management, LLC 1 University Square Drive, Princeton, NJ, 8540, U.S.A.
1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo,
BlackRock Japan Co., Ltd.
100-8217, Japan
Aperio Group, LLC 3 Harbor Dr Suite 204, Sausalito, CA 94965, U.S.A.
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.
Corporation Service Company, 251 Little Falls Drive,
SpiderRock Advisors, LLC
Wilmington, DE 19808, U.S.A.
5. Date of transaction: 16 July 2025
6. Threshold that is crossed (in %): 3
7. Denominator: 2,019,241,973
8. Details:
Previous
A) Voting rights After the transaction
notification
# of voting
rights # of voting rights % of voting rights
Linked to Not linked to Linked to Not linked to
Holders of voting rights
securities the securities securities the securities
BlackRock, Inc. 0 0 0.00%
BlackRock (Singapore) Limited 716,824 81,644 0.00%
BlackRock Advisors (UK)
16,312,225 15,325,847 0.76%
Limited
BlackRock Advisors, LLC 762,894 957,410 0.05%
BlackRock Asset Management
1,113,418 1,140,695 0.06%
Canada Limited
BlackRock Asset Management
3,891,152 3,891,010 0.19%
Deutschland AG
BlackRock Asset Management
32,225 23,858 0.00%
North Asia Limited
BlackRock Financial
218,447 234,205 0.01%
Management, Inc.
BlackRock Fund Advisors 17,699,680 17,801,593 0.88%
BlackRock Institutional Trust
12,362,357 12,398,794 0.61%
Company, National Association
BlackRock Investment
438,693 438,838 0.02%
Management (Australia) Limited
BlackRock Investment
6,647,565 5,710,850 0.28%
Management (UK) Limited
BlackRock Investment
1,025,379 705,815 0.03%
Management, LLC
BlackRock Japan Co., Ltd. 1,247,467 1,282,810 0.06%
Aperio Group, LLC 35,806 35,806 0.00%
62,504,132 60,029,175 2.97%
Subtotal
TOTAL 60,029,175 0 2.97% 0.00%
B) Equivalent financial
After the transaction
instruments
# of voting rights
Type of Exercise that may be
Holders of equivalent Expiration % of voting
financial period acquired if the Settlement
financial instruments date rights
instrument or date instrument is
exercised
BlackRock Advisors (UK) Securities
7,344 0.00% physical
Limited Lent
BlackRock Investment Securities
353,719 0.02% physical
Management (UK) Limited Lent
BlackRock Financial Contract for
201,710 0.01% cash
Management, Inc. Difference
BlackRock Institutional
Contract for
Trust Company, National 172,570 0.01% cash
Difference
Association
BlackRock Investment Contract for
854 0.00% cash
Management (UK) Limited Difference
BlackRock Investment Contract for
6,480 0.00% cash
Management, LLC Difference
BlackRock Advisors (UK) Depositary
29,409 0.00%
Limited Receipt
BlackRock Institutional
Depositary
Trust Company, National 4,149 0.00%
Receipt
Association
Depositary
BlackRock Japan Co., Ltd. 3,895 0.00%
Receipt
Depositary
Aperio Group, LLC 968,939 0.05%
Receipt
Depositary
SpiderRock Advisors, LLC 470 0.00%
Receipt
TOTAL 1,749,539 0.09%
% of voting
TOTAL (A & B) # of voting rights
rights
61,778,714 3.06%
9. Chain of controlled entities through which the shareholding is effectively held: Included in annex.
10. Additional information: The disclosure obligation arose due to voting rights attached to shares for
BlackRock, Inc. going below 3%.
The transparency notification dated 18 July 2025 contains the following information:
1. Date notification: Notification dated 18 July 2025.
2. Reason for the notification: Acquisition or disposal of voting securities or voting rights.
3. Notification by: A parent undertaking or controlling person.
4. Persons subject to the notification obligation:
Name Address (for legal entities)
BlackRock, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock (Singapore) Limited 20 Anson Road #18-01, Singapore, 79912, Singapore
BlackRock Advisors (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Advisors, LLC 50 Hudson Yards, New York, NY, 10001, U.S.A.
161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1,
BlackRock Asset Management Canada Limited
Canada
BlackRock Asset Management Deutschland AG Lenbachplatz 1 1st Floor, Munich, 80333-MN3, Germany
15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3
BlackRock Asset Management North Asia Limited
Garden Road, Central, Hong Kong
BlackRock Financial Management, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock Fund Advisors 400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock Institutional Trust Company, National
400 Howard Street, San Francisco, CA, 94105, U.S.A.
Association
BlackRock Investment Management (Australia) Level 37 Chifley Tower, 2 Chifley Square, Sydney NSW
Limited 2000, Australia
BlackRock Investment Management (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Investment Management, LLC 1 University Square Drive, Princeton, NJ, 8540, U.S.A.
1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo,
BlackRock Japan Co., Ltd.
100-8217, Japan
Aperio Group, LLC 3 Harbor Dr Suite 204, Sausalito, CA 94965, U.S.A.
Corporation Service Company, 251 Little Falls Drive,
SpiderRock Advisors, LLC
Wilmington, DE 19808, U.S.A.
5. Date of transaction: 17 July 2025
6. Threshold that is crossed (in %): 3
7. Denominator: 2,019,241,973
8. Details:
Previous
A) Voting rights After the transaction
notification
# of voting
rights # of voting rights % of voting rights
Linked to Not linked to Linked to Not linked to
Holders of voting rights
securities the securities securities the securities
BlackRock, Inc. 0 0 0.00%
BlackRock (Singapore) Limited 81,644 63,613 0.00%
BlackRock Advisors (UK)
15,325,847 16,888,866 0.84%
Limited
BlackRock Advisors, LLC 957,410 957,410 0.05%
BlackRock Asset Management
1,140,695 1,140,560 0.06%
Canada Limited
BlackRock Asset Management
3,891,010 3,891,319 0.19%
Deutschland AG
BlackRock Asset Management
23,858 23,858 0.00%
North Asia Limited
BlackRock Financial
234,205 149,879 0.01%
Management, Inc.
BlackRock Fund Advisors 17,801,593 17,796,674 0.88%
BlackRock Institutional Trust
12,398,794 12,398,283 0.61%
Company, National Association
BlackRock Investment
438,838 438,838 0.02%
Management (Australia) Limited
BlackRock Investment
5,710,850 5,784,863 0.29%
Management (UK) Limited
BlackRock Investment
705,815 706,379 0.03%
Management, LLC
BlackRock Japan Co., Ltd. 1,282,810 1,298,465 0.06%
Aperio Group, LLC 35,806 35,806 0.00%
60,029,175 61,574,814 3.05%
Subtotal
61,574,814 0 3.05% 0.00%
TOTAL
B) Equivalent financial
After the transaction
instruments
# of voting rights
Type of Exercise that may be
Holders of equivalent Expiration % of voting
financial period acquired if the Settlement
financial instruments date rights
instrument or date instrument is
exercised
BlackRock Advisors (UK) Securities
7,344 0.00% physical
Limited Lent
BlackRock Investment Securities
353,718 0.02% physical
Management (UK) Limited Lent
BlackRock Financial Contract for
226,318 0.01% cash
Management, Inc. Difference
BlackRock Institutional
Contract for
Trust Company, National 189,293 0.01% cash
Difference
Association
BlackRock Investment Contract for
854 0.00% cash
Management (UK) Limited Difference
BlackRock Investment Contract for
7,242 0.00% cash
Management, LLC Difference
BlackRock (Singapore) Depositary
1,509 0.00%
Limited Receipt
BlackRock Advisors (UK) Depositary
29,410 0.00%
Limited Receipt
BlackRock Institutional
Depositary
Trust Company, National 4,149 0.00%
Receipt
Association
BlackRock Investment Depositary
5,297 0.00%
Management (UK) Limited Receipt
BlackRock Investment Depositary
1,161 0.00%
Management, LLC Receipt
Depositary
Aperio Group, LLC 969,865 0.05%
Receipt
Depositary
SpiderRock Advisors, LLC 470 0.00%
Receipt
TOTAL 1,796,630 0.09%
% of voting
TOTAL (A & B) # of voting rights
rights
63,371,444 3.14%
9. Chain of controlled entities through which the shareholding is effectively held: Included in annex.
10. Additional information: The disclosure obligation arose due to voting rights attached to shares for
BlackRock, Inc. going above 3%.
The transparency notification dated 21 July 2025 contains the following information:
1. Date notification: Notification dated 21 July 2025.
2. Reason for the notification: Acquisition or disposal of voting securities or voting rights.
3. Notification by: A parent undertaking or controlling person.
4. Persons subject to the notification obligation:
Name Address (for legal entities)
BlackRock, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock (Singapore) Limited 20 Anson Road #18-01, Singapore, 79912, Singapore
BlackRock Advisors (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Advisors, LLC 50 Hudson Yards, New York, NY, 10001, U.S.A.
161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1,
BlackRock Asset Management Canada Limited
Canada
BlackRock Asset Management Deutschland AG Lenbachplatz 1 1st Floor, Munich, 80333-MN3, Germany
15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3
BlackRock Asset Management North Asia Limited
Garden Road, Central, Hong Kong
BlackRock Financial Management, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock Fund Advisors 400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock Institutional Trust Company, National
400 Howard Street, San Francisco, CA, 94105, U.S.A.
Association
BlackRock Investment Management (Australia) Level 37 Chifley Tower, 2 Chifley Square, Sydney NSW
Limited 2000, Australia
BlackRock Investment Management (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Investment Management, LLC 1 University Square Drive, Princeton, NJ, 8540, U.S.A.
1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo,
BlackRock Japan Co., Ltd.
100-8217, Japan
Aperio Group, LLC 3 Harbor Dr Suite 204, Sausalito, CA 94965, U.S.A.
Corporation Service Company, 251 Little Falls Drive,
SpiderRock Advisors, LLC
Wilmington, DE 19808, U.S.A.
5. Date of transaction: 18 July 2025
6. Threshold that is crossed (in %): 3
7. Denominator: 2,019,241,973
8. Details:
Previous
A) Voting rights After the transaction
notification
# of voting
rights # of voting rights % of voting rights
Linked to Not linked to Linked to Not linked to
Holders of voting rights
securities the securities securities the securities
BlackRock, Inc. 0 0 0.00%
BlackRock (Singapore) Limited 63,613 63,614 0.00%
BlackRock Advisors (UK)
16,888,866 15,863,708 0.79%
Limited
BlackRock Advisors, LLC 957,410 973,248 0.05%
BlackRock Asset Management
1,140,560 1,156,437 0.06%
Canada Limited
BlackRock Asset Management
3,891,319 3,891,319 0.19%
Deutschland AG
BlackRock Asset Management
23,858 23,858 0.00%
North Asia Limited
BlackRock Financial
149,879 134,597 0.01%
Management, Inc.
BlackRock Fund Advisors 17,796,674 17,793,578 0.88%
BlackRock Institutional Trust
12,398,283 12,398,448 0.61%
Company, National Association
BlackRock Investment
438,838 438,854 0.02%
Management (Australia) Limited
BlackRock Investment
5,784,863 5,139,921 0.25%
Management (UK) Limited
BlackRock Investment
706,379 719,379 0.04%
Management, LLC
BlackRock Japan Co., Ltd. 1,298,465 1,724,271 0.09%
Aperio Group, LLC 35,806 35,806 0.00%
61,574,814 60,357,038 2.99%
Subtotal
60,357,038 0 2.99% 0.00%
TOTAL
B) Equivalent financial
After the transaction
instruments
# of voting rights
Type of Exercise that may be
Holders of equivalent Expiration % of voting
financial period acquired if the Settlement
financial instruments date rights
instrument or date instrument is
exercised
BlackRock Investment Securities
274,111 0.01% physical
Management (UK) Limited Lent
BlackRock Financial Contract for
240,912 0.01% cash
Management, Inc. Difference
BlackRock Institutional
Contract for
Trust Company, National 201,358 0.01% cash
Difference
Association
BlackRock Investment Contract for
854 0.00% cash
Management (UK) Limited Difference
BlackRock Investment Contract for
7,242 0.00% cash
Management, LLC Difference
BlackRock Advisors (UK) Depositary
29,408 0.00%
Limited Receipt
BlackRock Institutional
Depositary
Trust Company, National 4,149 0.00%
Receipt
Association
BlackRock Investment Depositary
20 0.00%
Management, LLC Receipt
Depositary
Aperio Group, LLC 969,865 0.05%
Receipt
Depositary
SpiderRock Advisors, LLC 470 0.00%
Receipt
TOTAL 1,728,389 0.09%
% of voting
TOTAL (A & B) # of voting rights
rights
62,085,427 3.07%
9. Chain of controlled entities through which the shareholding is effectively held: Included in annex.
10. Additional information: The disclosure obligation arose due to voting rights attached to shares for
BlackRock, Inc. going below 3%.
The transparency notification dated 24 July 2025 contains the following information:
1. Date notification: Notification dated 24 July 2025.
2. Reason for the notification: Acquisition or disposal of voting securities or voting rights. Downwards
crossing of the lowest threshold.
3. Notification by: A parent undertaking or controlling person.
4. Persons subject to the notification obligation:
Name Address (for legal entities)
BlackRock, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock (Singapore) Limited 20 Anson Road #18-01, Singapore, 79912, Singapore
BlackRock Advisors (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Advisors, LLC 50 Hudson Yards, New York, NY, 10001, U.S.A.
161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1,
BlackRock Asset Management Canada Limited
Canada
BlackRock Asset Management Deutschland AG Lenbachplatz 1 1st Floor, Munich, 80333-MN3, Germany
15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3
BlackRock Asset Management North Asia Limited
Garden Road, Central, Hong Kong
BlackRock Financial Management, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock Fund Advisors 400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock Institutional Trust Company, National
400 Howard Street, San Francisco, CA, 94105, U.S.A.
Association
BlackRock Investment Management (Australia) Level 37 Chifley Tower, 2 Chifley Square, Sydney NSW
Limited 2000, Australia
BlackRock Investment Management (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Investment Management, LLC 1 University Square Drive, Princeton, NJ, 8540, U.S.A.
1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo,
BlackRock Japan Co., Ltd.
100-8217, Japan
Aperio Group, LLC 3 Harbor Dr Suite 204, Sausalito, CA 94965, U.S.A.
Corporation Service Company, 251 Little Falls Drive,
SpiderRock Advisors, LLC
Wilmington, DE 19808, U.S.A.
5. Date of transaction: 23 July 2025
6. Threshold that is crossed (in %): 3
7. Denominator: 2,019,241,973
8. Details:
Previous
A) Voting rights After the transaction
notification
# of voting
rights # of voting rights % of voting rights
Linked to Not linked to Linked to Not linked to
Holders of voting rights
securities the securities securities the securities
BlackRock, Inc. 0 0 0.00%
BlackRock (Singapore) Limited 63,614 62,000 0.00%
BlackRock Advisors (UK)
15,863,708 14,344,344 0.71%
Limited
BlackRock Advisors, LLC 973,248 969,382 0.05%
BlackRock Asset Management
1,156,437 1,161,973 0.06%
Canada Limited
BlackRock Asset Management
3,891,319 3,891,319 0.19%
Deutschland AG
BlackRock Asset Management
23,858 23,858 0.00%
North Asia Limited
BlackRock Financial
134,597 135,034 0.01%
Management, Inc.
BlackRock Fund Advisors 17,793,578 17,814,209 0.88%
BlackRock Institutional Trust
12,398,448 12,414,198 0.61%
Company, National Association
BlackRock Investment
438,854 439,035 0.02%
Management (Australia) Limited
BlackRock Investment
5,139,921 4,809,836 0.24%
Management (UK) Limited
BlackRock Investment
719,379 677,680 0.03%
Management, LLC
BlackRock Japan Co., Ltd. 1,724,271 1,293,912 0.06%
Aperio Group, LLC 35,806 35,806 0.00%
60,357,038 58,072,587 2.88%
Subtotal
TOTAL 58,072,587 2.88%
B) Equivalent financial
After the transaction
instruments
# of voting rights
Type of Exercise that may be
Holders of equivalent Expiration % of voting
financial period acquired if the Settlement
financial instruments date rights
instrument or date instrument is
exercised
BlackRock Advisors (UK) Depositary
35,235 0.00%
Limited Receipt
BlackRock Financial Contract for
253,247 0.01% cash
Management, Inc. Difference
BlackRock Institutional
Contract for
Trust Company, National 213,378 0.01% cash
Difference
Association
BlackRock Institutional
Depositary
Trust Company, National 4,149 0.00%
Receipt
Association
BlackRock Investment Securities
498,946 0.02% physical
Management (UK) Limited Lent
BlackRock Investment Contract for
1,092 0.00% cash
Management (UK) Limited Difference
BlackRock Investment Contract for
7,869 0.00% cash
Management, LLC Difference
BlackRock Investment Depositary
20 0.00%
Management, LLC Receipt
Depositary
Aperio Group, LLC 972,462 0.05%
Receipt
Depositary
SpiderRock Advisors, LLC 470 0.00%
Receipt
TOTAL 1,986,868 0.10%
% of voting
TOTAL (A & B) # of voting rights
rights
60,059,455 2.97%
9. Chain of controlled entities through which the shareholding is effectively held: Included in annex.
10. Additional information: The disclosure obligation arose due to total holdings in voting rights for BlackRock,
Inc. going below 3%.
The transparency notification dated 25 July 2025 contains the following information:
1. Date notification: Notification dated 25 July 2025.
2. Reason for the notification: Acquisition or disposal of voting securities or voting rights.
3. Notification by: A parent undertaking or controlling person.
4. Persons subject to the notification obligation:
Name Address (for legal entities)
BlackRock, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock (Singapore) Limited 20 Anson Road #18-01, Singapore, 79912, Singapore
BlackRock Advisors (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Advisors, LLC 50 Hudson Yards, New York, NY, 10001, U.S.A.
161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1,
BlackRock Asset Management Canada Limited
Canada
BlackRock Asset Management Deutschland AG Lenbachplatz 1 1st Floor, Munich, 80333-MN3, Germany
15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3
BlackRock Asset Management North Asia Limited
Garden Road, Central, Hong Kong
BlackRock Financial Management, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock Fund Advisors 400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock Institutional Trust Company, National
400 Howard Street, San Francisco, CA, 94105, U.S.A.
Association
BlackRock Investment Management (Australia) Level 37 Chifley Tower, 2 Chifley Square, Sydney NSW
Limited 2000, Australia
BlackRock Investment Management (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Investment Management, LLC 1 University Square Drive, Princeton, NJ, 8540, U.S.A.
1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo,
BlackRock Japan Co., Ltd.
100-8217, Japan
Aperio Group, LLC 3 Harbor Dr Suite 204, Sausalito, CA 94965, U.S.A.
Corporation Service Company, 251 Little Falls Drive,
SpiderRock Advisors, LLC
Wilmington, DE 19808, U.S.A.
5. Date of transaction: 24 July 2025
6. Threshold that is crossed (in %): 3
7. Denominator: 2,019,241,973
8. Details:
Previous
A) Voting rights After the transaction
notification
# of voting
rights # of voting rights % of voting rights
Linked to Not linked to Linked to Not linked to
Holders of voting rights
securities the securities securities the securities
BlackRock, Inc. 0 0 0.00%
BlackRock (Singapore) Limited 62,000 62,211 0.00%
BlackRock Advisors (UK)
14,344,344 16,042,203 0.79%
Limited
BlackRock Advisors, LLC 969,382 969,563 0.05%
BlackRock Asset Management
1,161,973 1,179,537 0.06%
Canada Limited
BlackRock Asset Management
3,891,319 3,894,861 0.19%
Deutschland AG
BlackRock Asset Management
23,858 23,858 0.00%
North Asia Limited
BlackRock Financial
135,034 147,318 0.01%
Management, Inc.
BlackRock Fund Advisors 17,814,209 17,826,015 0.88%
BlackRock Institutional Trust
12,414,198 12,414,282 0.61%
Company, National Association
BlackRock Investment
439,035 439,035 0.02%
Management (Australia) Limited
BlackRock Investment
4,809,836 5,067,761 0.25%
Management (UK) Limited
BlackRock Investment
677,680 664,361 0.03%
Management, LLC
BlackRock Japan Co., Ltd. 1,293,912 1,292,033 0.06%
Aperio Group, LLC 35,806 35,806 0.00%
58,072,587 60,058,844 2.97%
Subtotal
60,058,844 0 2.97% 0.00%
TOTAL
B) Equivalent financial
After the transaction
instruments
# of voting rights
Type of Exercise that may be
Holders of equivalent Expiration % of voting
financial period acquired if the Settlement
financial instruments date rights
instrument or date instrument is
exercised
BlackRock Advisors (UK) Securities
81,698 0.00% physical
Limited Lent
BlackRock Investment Securities
191,404 0.01% physical
Management (UK) Limited Lent
BlackRock Financial Contract for
248,753 0.01% cash
Management, Inc. Difference
BlackRock Institutional
Contract for
Trust Company, National 220,027 0.01% cash
Difference
Association
BlackRock Investment Contract for
1,092 0.00% cash
Management (UK) Limited Difference
BlackRock Investment Contract for
7,869 0.00% cash
Management, LLC Difference
BlackRock Advisors (UK) Depositary
30,141 0.00%
Limited Receipt
BlackRock Institutional
Depositary
Trust Company, National 4,149 0.00%
Receipt
Association
BlackRock Investment Depositary
20 0.00%
Management, LLC Receipt
Depositary
BlackRock Japan Co., Ltd. 16,601 0.00%
Receipt
Depositary
Aperio Group, LLC 975,022 0.05%
Receipt
Depositary
SpiderRock Advisors, LLC 470 0.00%
Receipt
TOTAL 1,777,246 0.09%
% of voting
TOTAL (A & B) # of voting rights
rights
61,836,090 3.06%
9. Chain of controlled entities through which the shareholding is effectively held: Included in annex.
10. Additional information: The disclosure obligation arose due to total holdings in voting rights for BlackRock,
Inc. going above 3%.
Notifications of significant shareholdings to be made according to the Law of 2 May 2007 or AB InBev's bylaws,
should be sent to jan.vandermeersch@ab-inbev.com.
This press release can be consulted on AB InBev's website via this link www.ab-inbev.com.
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®, Stella Artois®
and Michelob ULTRA®; multi-country brands Beck's®, Hoegaarden® and Leffe®; 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 144?000 colleagues based in nearly 50 countries worldwide. For 2024, AB InBev's
reported revenue was 59.8 billion USD (excluding JVs and associates).
Anheuser-Busch InBev Contacts
Investors Media
Shaun Fullalove Media Relations
E-mail: shaun.fullalove@ab-inbev.com E-mail: Media.Relations@ab-inbev.com
Ekaterina Baillie
E-mail: ekaterina.baillie@ab-inbev.com
Cyrus Nentin
E-mail: cyrus.nentin@ab-inbev.com
28 July 2025
JSE Sponsor: Questco Corporate Advisory Proprietary Limited
Annex: Full chain of controlled undertakings through which the holding is effectively held, if applicable:
BlackRock, Inc. BlackRock, Inc. BlackRock, Inc.
BlackRock Saturn Subco, LLC BlackRock Saturn Subco, LLC BlackRock Saturn Subco, LLC
BlackRock Finance, Inc. BlackRock Finance, Inc. BlackRock Finance, Inc.
BlackRock Holdco 2, Inc. BlackRock Holdco 2, Inc. BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc. BlackRock Financial Management, Inc. BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc. BlackRock Holdco 4, LLC BlackRock Capital Holdings, Inc.
BR Jersey International Holdings L.P. BlackRock Holdco 6, LLC BlackRock Advisors, LLC
BlackRock (Singapore) Holdco Pte. BlackRock Delaware Holdings Inc.
Ltd. BlackRock Fund Advisors BlackRock, Inc.
BlackRock HK Holdco Limited BlackRock Saturn Subco, LLC
BlackRock Lux Finco S.a.r.l. BlackRock, Inc. BlackRock Finance, Inc.
BlackRock Japan Holdings GK BlackRock Saturn Subco, LLC BlackRock Holdco 2, Inc.
BlackRock Japan Co., Ltd. BlackRock Finance, Inc. BlackRock Financial Management, Inc.
BlackRock Holdco 2, Inc. BlackRock International Holdings, Inc.
BlackRock, Inc. BlackRock Financial Management, Inc. BR Jersey International Holdings L.P.
BlackRock Saturn Subco, LLC BlackRock Holdco 3, LLC
BlackRock Finance, Inc. BlackRock, Inc. BlackRock Cayman 1 LP
Trident Merger, LLC BlackRock Saturn Subco, LLC BlackRock Cayman West Bay Finco
BlackRock Investment Management, BlackRock Finance, Inc. Limited
LLC BlackRock Holdco 2, Inc. BlackRock Cayman West Bay IV
BlackRock Financial Management, Inc. Limited
BlackRock, Inc. BlackRock International Holdings, Inc. BlackRock Group Limited
BlackRock Saturn Subco, LLC BR Jersey International Holdings L.P. BlackRock Finance Europe Limited
BlackRock Finance, Inc. BlackRock (Singapore) Holdco Pte. BlackRock Advisors (UK) Limited
BlackRock Holdco 2, Inc. Ltd.
BlackRock Financial Management, Inc. BlackRock HK Holdco Limited BlackRock, Inc.
BlackRock International Holdings, Inc. BlackRock Asset Management North BlackRock Saturn Subco, LLC
BR Jersey International Holdings L.P. Asia Limited BlackRock Finance, Inc.
BlackRock Holdco 3, LLC BlackRock Holdco 2, Inc.
BlackRock Cayman 1 LP BlackRock, Inc. BlackRock Financial Management, Inc.
BlackRock Cayman West Bay Finco BlackRock Saturn Subco, LLC BlackRock International Holdings, Inc.
Limited BlackRock Finance, Inc. BR Jersey International Holdings L.P.
BlackRock Cayman West Bay IV BlackRock Holdco 2, Inc. BlackRock (Singapore) Holdco Pte.
Limited BlackRock Financial Management, Inc. Ltd.
BlackRock Group Limited BlackRock International Holdings, Inc. BlackRock (Singapore) Limited
BlackRock Finance Europe Limited BR Jersey International Holdings L.P.
BlackRock Investment Management BlackRock Holdco 3, LLC BlackRock, Inc.
(UK) Limited BlackRock Cayman 1 LP BlackRock Saturn Subco, LLC
BlackRock Cayman West Bay Finco BlackRock Finance, Inc.
BlackRock, Inc. Limited Trident Merger, LLC
BlackRock Saturn Subco, LLC BlackRock Cayman West Bay IV BlackRock Investment Management,
BlackRock Finance, Inc. Limited LLC
BlackRock Holdco 2, Inc. BlackRock Group Limited Amethyst Intermediate, LLC
BlackRock Financial Management, Inc. BlackRock Finance Europe Limited Aperio Holdings, LLC
BlackRock International Holdings, Inc. BlackRock (Netherlands) B.V. Aperio Group, LLC
BR Jersey International Holdings L.P. BlackRock Asset Management
BlackRock Australia Holdco Pty. Ltd. Deutschland AG BlackRock, Inc.
BlackRock Investment Management BlackRock Saturn Subco, LLC
(Australia) Limited BlackRock, Inc. BlackRock Finance, Inc.
BlackRock Saturn Subco, LLC Trident Merger, LLC
BlackRock, Inc. BlackRock Finance, Inc. Web Holdings, LLC
BlackRock Saturn Subco, LLC BlackRock Holdco 2, Inc. SpiderRock Advisors, LLC
BlackRock Finance, Inc. BlackRock Financial Management, Inc.
BlackRock Holdco 2, Inc. BlackRock International Holdings, Inc.
BlackRock Financial Management, Inc. BlackRock Canada Holdings ULC
BlackRock Holdco 4, LLC BlackRock Asset Management Canada
BlackRock Holdco 6, LLC Limited
BlackRock Delaware Holdings Inc.
BlackRock Institutional Trust
Company, National Association
Date: 28-07-2025 08:00:00
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