Dealings by Directors and Associates of Directors 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”) Dealings by Directors and Associates of Directors The following notices relating to the dealings in AB InBev securities by Directors and Associates of Directors were made available on the website of the Belgian Financial Services and Markets Authority on 10 March 2020. Name of Director/Associate Nature of Link to access detailed information transaction Marty Barrington Purchase of ADRs https://www.fsma.be/en/barrington-martin-j-1 Maria Leoni-Sceti Purchase of ADRs https://www.fsma.be/en/leoni-sceti-maria (person closely associated to Elio Leoni Sceti) Elma Investments Ltd Purchase of shares https://www.fsma.be/en/elma-investments-ltd-4 (person closely associated to Elio Leoni Sceti) Sabine Chalmers Receipt of shares https://www.fsma.be/en/chalmers-sabine-7 further to vesting of an RSU plan Claudio Garcia Receipt of shares https://www.fsma.be/en/garcia-claudio-16 further to vesting of an RSU plan Société Immobilière du Canal Purchase of shares https://www.fsma.be/en/societe-immobiliere-du-canal (person closely associated to Grégoire de Spoelberch) MHT Benefit Holding Company Ltd Sale of shares https://www.fsma.be/en/mht-benefit-holding- (person closely associated to company-ltd-9 Marcel Hermann Telles) 12 March 2020 JSE Sponsor: Questco Corporate Advisory 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: 12-03-2020 12:45:00 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.