Anheuser-Busch InBev Reports Q1 2022 Results - Short Form Announcement 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”) Anheuser-Busch InBev Reports Q1 2022 Results Short Form Announcement KEY FIGURES • Revenue: Revenue increased by 11.1% with revenue per hl growth of 7.8%. - 6.0% increase in combined revenues of our global brands, Budweiser, Stella Artois and Corona, outside of their respective home markets. - 53% of our revenue now through B2B digital platforms with the monthly active user base of BEES, reaching 2.7 million users. - Nearly 300 million USD of revenue and over 17 million e-commerce orders generated by our direct-to-consumer ecosystem. • Volume: Total volumes grew by 2.8%, with own beer volumes up by 2.2% and non-beer volumes up by 6.0%. • Normalised EBITDA: Normalised EBITDA of 4 486 million USD represents an increase of 7.4% with normalised EBITDA margin contraction of 115 bps to 33.9%. • Underlying Profit: Underlying profit (normalised profit attributable to equity holders of AB InBev excluding mark-to- market gains and losses linked to the hedging of our share-based payment programs and the impact of hyperinflation) was 1 204 million USD in 1Q22 compared to 1 099 million USD in 1Q21. Normalized profit attributable to equity holders of AB InBev was 1 341 million USD in 1Q22 versus 1 013 million USD in 1Q21. • Underlying EPS: Underlying EPS was 0.60 USD in 1Q22, an increase from 0.55 USD in 1Q21. Normalized EPS in 1Q22 was 0.67 USD, an increase from 0.51 USD in 1Q21. SHORT FORM ANNOUNCEMENT This short-form announcement is the responsibility of the board of directors of AB InBev and is a summary of the information in the detailed financial results announcement and does not contain full or complete details. Any investment decision in relation to the Company’s shares should be based on the full announcement. The full announcement may be downloaded from https://senspdf.jse.co.za/documents/2022/jse/isse/anhe/Q12022.pdf or from the Company’s website at www.ab-inbev.com Copies may be requested from the Company and the Johannesburg office of the Company’s JSE Sponsor at no charge during business hours for a period of 30 calendar days following the date of this announcement. ANHEUSER-BUSCH INBEV CONTACTS Investors Media Shaun Fullalove Kate Laverge Tel. : +1 212 573 9287 Tel. : +1 917 940 7421 E-mail : shaun.fullalove@ab-inbev.com E-mail : kate.laverge@ab-inbev.com Maria Glukhova Ana Zenatti Tel. : +32 16 276 888 Tel. : +1 646 249 5440 E-mail : maria.glukhova@ab-inbev.com E-mail : ana.zenatti@ab-inbev.com Cyrus Nentin Tel : +1 646 746 9673 E-mail : cyrus.nentin@ab-inbev.com 5 May 2022 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: 05-05-2022 08:15:00 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.