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Disclosure Made According to 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 to the Requirements of the Law of 2 May 2007
Regulated information(1)
15 May 2026 – 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 a transparency notification in accordance with articles 6 and 18 of the Law of 2 May 2007.
Following the dissolution of EPS Participations, a shareholder of the Company and holder of certificates issued by
Stichting Anheuser-Busch InBev, EPS Participations' shareholding in Anheuser-Busch InBev decreased from
3.33% to 0%, and the direct shareholding of EPS, the parent company of EPS Participations, increased from 0%
to 3.33%. This transaction does not change the aggregate shareholding of the persons subject to the notification
obligation.
Separately, prompted by the delivery of treasury shares by AB InBev, the percentage of voting rights attached to
shares held by AB InBev has crossed downwards the threshold of 3% and the percentage of voting rights attached
to shares held in aggregate by AB InBev and certain of the entities and persons acting in concert with it has crossed
downwards the threshold of 40%.
The transparency notification contains the following information:
1. Date notification: Notification dated 13 May 2026.
2. Reason for the notification: Acquisition or disposal of voting securities or voting rights.
3. Notification by: A parent undertaking or a controlling person; Persons acting in concert.
4. Persons subject to the notification obligation:
Name Address (for legal entities)
Max Van Hoegaerden Herrmann Telles
M. Jorge Paulo Lemann
M. Carlos Alberto da Veiga Sicupira
BRC Sàrl (Luxembourg law) 2 Boulevard de la Foire, L 1528 Luxembourg
EPS SA (Luxembourg law) 488 Route de Longwy, L 1940 Luxembourg
Stichting Anheuser-Busch InBev (Dutch law) 760 Amstelveenseweg, 1081 JK Amsterdam
Anheuser-Busch InBev SA 1 Grand Place, 1000 Brussels
Rayvax Société d'investissements SA 88 Rue Gachard, 1050 Ixelles
Stichting Fonds InBev Baillet Latour Cerastraat 1, 4811 Breda, Netherlands
Fonds Verhelst SC 1 Brouwerijplein, 3000 Leuven
5. Date of transaction: 13 May 2026
6. Threshold that is crossed (in %): 3
7. Denominator: 2,019,241,973
8. Details:
(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.
A) Voting rights Previous notification After the transaction
# of voting rights # of voting rights % of voting rights
Not Not
Holders of voting rights Linked to linked to Linked to linked to
securities the securities the
securities securities
M. Jorge Paulo Lemann 0 0 0.00%
M. Carlos Alberto da Veiga
Sicupira 0 0 0.00%
M. Max Van Hoegaerden
Herrmann Telles 0 0 0.00%
BRC SàRL (Luxembourg
law) 28,097,078 26,376,389 1.31%
EPS SA (Luxembourg law) 99,999 67,333,330 3.33%
EPS Participations 67,291,593 0 0.00%
Stichting Anheuser-Busch
InBev 663,074,832 663,074,832 32.84%
Anheuser-Busch InBev 60,847,101 46,410,735 2.30%
Brandbrew 265,894 265,894 0.01%
Brandbev 172,467 172,467 0.01%
Ambrew 200,000 200,000 0.01%
Subtotal 820,048,964 803,833,647 39.81%
Rayvax Société
d'investissements SA 50,000 50,000 0.00%
Subtotal 50,000 50,000 0.00%
Stichting Fonds InBev Baillet
Latour 0 0 0.00%
Fonds Baillet Latour 5,485,415 5,485,415 0.27%
Subtotal 5,485,415 5,485,415 0.27%
Fonds Verhelst SC 0 0 0.00%
Fonds Voorzitter Verhelst 6,997,665 6,997,665 0.35%
Subtotal 6,997,665 6,997,665 0.35%
TOTAL 816,366,727 0 40.43% 0.00%
B) Equivalent
financial After the transaction
instruments
# of voting rights
Holders of Type of that may be % of
equivalent financial Expiration Exercise acquired if the voting Settlement
financial instrument date period or date instrument is rights
instruments exercised
TOTAL 0 0.00%
% of
TOTAL (A & B) # of voting rights voting
rights
816,366,727 40.43%
9. Chain of controlled entities through which the shareholding is effectively held:
Agreement of concert and shareholding structure of AB InBev:
1) EPS, Rayvax Société d'Investissements, BRC and Stichting Anheuser-Busch InBev are bound
by a shareholders' agreement organizing the joint control of Stichting Anheuser-Busch InBev by
EPS and BRC and organizing a concert with Rayvax Société d'Investissements.
2) AB InBev and its subsidiaries Brandbrew, Ambrew and Brandbev are controlled by Stichting
Anheuser-Busch InBev, which is jointly controlled by EPS and BRC.
3) Fonds Baillet Latour and Fonds Voorzitter Verhelst have also signed an agreement to act in
concert with Stichting Anheuser-Busch InBev. Fonds Baillet Latour is controlled by the stichting
under Dutch law Fonds InBev Baillet Latour. Fonds Voorzitter Verhelst is controlled by Fonds
Verhelst SC.
4) Rayvax Société d'Investissements is not controlled.
5) EPS is not controlled.
6) The ultimate control of BRC is jointly owned by Mr Jorge Paulo Lemann, Carlos Alberto da Veiga
Sicupira and Max Van Hoegaerden Herrmann Telles. A table regarding BRC's complete chain
of control was included in annex to the notification.
10. Additional information: Following the dissolution on 13 May 2026 of EPS Participations, a wholly-owned
subsidiary of EPS, EPS Participations' shareholding decreased from 3.33% to 0%, and EPS's direct
shareholding increased from 0% to 3.33% in Anheuser-Busch InBev. This transaction does not change
the aggregate shareholding of the persons subject to the notification obligation. Separately, the
percentage of voting rights attached to the shares held by Anheuser-Busch InBev has crossed downwards
the threshold of 3%, and the percentage of voting rights attached to the shares held in aggregate by
Anheuser-Busch InBev and the parties to the shareholders' agreement has crossed downwards the
threshold of 40%, on 13 May 2026, prompted by the delivery of treasury shares by Anheuser-Busch InBev.
1) Certificates issued by Stichting Anheuser-Busch InBev (administrative office): EPS holds
331,537,416 certificates and BRC holds 331,537,416 certificates issued by Stichting Anheuser-
Busch InBev. Each of these certificates potentially entitles the holder to 1 Anheuser-Busch InBev
share, which is held by Stichting Anheuser-Busch InBev. These certificates are not included in
point 10) B), otherwise the voting rights they represent would have been counted twice.
2) The natural persons exercising ultimate control over BRC make the declaration on behalf of the
companies exercising intermediate control above BRC, pursuant to article 11, §1 of the Law of
2 May 2007. Given that a large number of companies have intermediate control over BRC without
holding a stake in Anheuser-Busch InBev, these companies have not been included in the table
of shareholdings, but in a separate table included in annex to the notification.
3) Anheuser-Busch InBev makes the declaration on behalf of Brandbrew Ambrew and Brandbev,
its subsidiaries, pursuant to article 11 § 1 of the Law of 2 May 2007.
4) Stichting Fonds InBev Baillet Latour makes the declaration on behalf of SC Fonds Baillet Latour,
pursuant to article 11, §1 of the Law of 2 May 2007. Stichting does not directly hold any shares
of Anheuser-Busch InBev.
5) The cooperative company Fonds Verhelst makes the declaration on behalf of SC Fonds
Voorzitter Verhelst, pursuant to article 11, §1 of the Law of 2 May 2007. The first of these
companies does not directly hold any shares of Anheuser-Busch InBev.
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 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. Beer is the drink for moderation, and for over a century, AB InBev has championed responsible drinking. We are
committed to providing our consumers with Balanced Choices to enjoy on any occasion. We also invest in marketing that aims
to reinforce positive behaviors, and we work with communities, customers, and partners to promote responsible consumption
through evidence-based initiatives.
Our diverse portfolio of well over 400 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 137 000 colleagues based in more than 40 countries worldwide. For 2025, AB InBev's
reported revenue was 59.3 billion USD (excluding JVs and associates).
AB 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
Patrick Ryan
E-mail: patrick.ryan@ab-inbev.com
18 May 2026
JSE Sponsor: Questco Corporate Advisory Proprietary Limited
Annex: Full chain of controlled undertakings through which the holding is effectively held, if applicable:
Max Van Hoegaerden Jorge Paulo Lemann Carlos Alberto da Veiga
Hermann Telles Inpar VOF Sicupira
MCHTCO Inpar Invest. Fund FS Holdings
Santa Paciencia Santa Erika CCCHHS Holding
S-BR Global S-BR Global Santa Heloisa
BRC S.à r.l. BRC S.à r.l. S-BR Global
BRC S.à r.l.
Max Van Hoegaerden Jorge Paulo Lemann
Hermann Telles Inpar VOF Carlos Alberto da Veiga
MCHTCO Inpar Invest. Fund Sicupira
Santa Paciencia Santa Erika FS Holdings
BR Global GP BR Global GP CCCHHS Holding
BR Global SCS BR Global SCS Santa Heloisa
BRC S.à r.l. BRC S.à r.l. BR Global GP
BR Global SCS
Jorge Paulo Lemann BRC S.à r.l.
Inpar VOF
Inpar Invest. Fund Carlos Alberto da Veiga
Santa Erika Sicupira
BRC S.à r.l. FS Holdings
CCCHHS Holding
Santa Heloisa
BRC S.à r.l.
Date: 18-05-2026 07:10:00
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