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ANHEUSER-BUSCH INBEV SA/NV - Anheuser-Busch InBev Announces Redemption of EUR 2.17 Billion Notes

Release Date: 21/09/2020 16:11
Code(s): ANH     PDF:  
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Anheuser-Busch InBev Announces Redemption of EUR 2.17 Billion Notes

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
JSE Share Code: ANH
ISIN: BE0974293251
(“AB InBev” or the “Company”)

 Anheuser-Busch InBev Announces Redemption of EUR 2.17 Billion Notes

Brussels, 21 September 2020 -- Anheuser-Busch InBev SA/NV (“AB InBev”) (Euronext: ABI) (NYSE:
BUD) (MEXBOL: ANB) (JSE: ANH) today announced that it is exercising its option to redeem the
outstanding principal amounts indicated in the table below of the following series of notes (the "Notes") on
8 October 2020 (the “Redemption Date”):

                                       Aggregate Principal
               Aggregate Principal       Amount to be
   Issuer     Amount Outstanding           Redeemed             Title of Series of Notes         ISIN

                                                              1.950% Notes due 2021
AB InBev     EUR 526,513,000          EUR 526,513,000                                      BE6265141083
                                                                 (the "2021 Notes")

                                                              0.875% Notes due 2022
AB InBev     EUR 1,644,076,000        EUR 1,644,076,000                                    BE6285452460
                                                                 (the "2022 Notes")

The Notes will be redeemed in accordance with their respective Conditions in full on the Redemption Date
at a make-whole price equal to (i) the outstanding principal amount of the relevant Notes; or (ii) if higher,
the sum, as determined by the Calculation Agent, of the present values of the remaining scheduled
payments of principal and interest on the relevant Notes to be redeemed (not including any portion of such
payments of interest accrued to the date of redemption) discounted to the Redemption Date on an annual
basis (assuming a 360-day year consisting of twelve 30-day months) at the rate per annum equal to the
equivalent yield to maturity of the CA Selected Bond calculated using a price for the CA Selected Bond
(expressed as a percentage of its principal amount) equal to the Reference Bond Price for the Redemption
Date plus 15 basis points (in respect of the 2021 Notes) or 20 basis points (in respect of the 2022 Notes)
(the “Redemption Price”). The Redemption Price will be calculated on the third Business Day preceding

the Redemption Date. Capitalized terms used in this paragraph have the meanings assigned to such terms
in the respective Conditions of the Notes.

On the Redemption Date, (i) the Notes will no longer be deemed outstanding, (ii) the Redemption Price will
become due and payable on the Notes, as applicable, and, (iii) unless AB InBev defaults in making payment
of the Redemption Price, interest on the Notes called for redemption shall cease to accrue on and after the
Redemption Date.

The Domiciliary Agent is transmitting the notices of redemption to registered holders of the Notes, which
contain information required by the respective Conditions of the Notes.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor
will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the securities laws of any such state or
other jurisdiction.

English, Dutch and French versions of this press release will be available on

Legal Disclaimer
This release contains “forward-looking statements”. These statements are based on the current expectations and views of future
events and developments of the management of AB InBev and are naturally subject to uncertainty and changes in circumstances.
The forward-looking statements contained in this release include statements other than historical facts and include statements typically
containing words such as “will”, “may”, “should”, “believe”, “intends”, “expects”, “anticipates”, “targets”, “estimates”, “likely”, “foresees”,
“preparing” and words of similar import. All statements other than statements of historical facts are forward-looking statements. You
should not place undue reliance on these forward-looking statements, which reflect the current views of the management of AB InBev,
are subject to numerous risks and uncertainties about AB InBev and are dependent on many factors, some of which are outside o f
AB InBev’s control. There are important factors, risks and uncertainties that could cause actual outcomes and results to be materially
different, including, but not limited to, the effects of the COVID-19 pandemic and uncertainties about its impact and duration and the
risks and uncertainties relating to AB InBev described under Item 3.D of AB InBev’s Annual Report on Form 20-F (“Form 20-F”) filed
with the US Securities and Exchange Commission (“SEC”) on 23 March 2020 and described in Exhibit 99.1 to AB InBev’s Current
Report on Form 6-K filed with the SEC on 4 August 2020. Many of these risks and uncertainties are, and will be, exacerbated by the
COVID-19 pandemic and any worsening of the global business and economic environment as a result. Other unknown or
unpredictable factors could cause actual results to differ materially from those in the forward-looking statements.
The forward-looking statements should be read in conjunction with the other cautionary statements that are included elsewhere,
including AB InBev’s most recent Form 20-F and other reports furnished on Form 6-K, and any other documents that AB InBev has
made public. Any forward-looking statements made in this communication are qualified in their entirety by these cautionary statements
and there can be no assurance that the actual results or developments anticipated by AB InBev will be realized or, even if substantially
realized, that they will have the expected consequences to, or effects on, AB InBev or its business or operations. Except as required
by law, AB InBev undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.

About Anheuser-Busch InBev

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). Our Dream is to bring people together for a better world. Beer, the original social network, has been bringing
people together for thousands of years. We are committed to building great brands that stand the test of time and to brewing the best
beers using the finest natural ingredients. Our diverse portfolio of well over 500 beer brands includes global brands Budweis er®,
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 170,000 employees based in nearly 50 countries worldwide. For 2019, AB InBev’s reported
revenue was 52.3 billion USD (excluding JVs and associates).


Investors                                                              Media
Lauren Abbott                                                          Ingvild Van Lysebetten
Tel: +1 212 573 9287                                                   Tel: +32 16 276 608
E-mail:                                     E-mail:

Maria Glukhova                                                         Fallon Buckelew
Tel: +32 16 276 888                                                    Tel: +1 310 592 6319
E-mail:                                    E-mail:

Jency John                                                             Fixed Income Investors
Tel: +1 646 746 9673                                                   Daniel Strothe
E-mail:                                        Tel: +1 646 746 9667

21 September 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: 21-09-2020 04:11:00
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