Dealings by 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 Associates of Directors The following notices relating to the dealings in AB InBev securities by Associates of Directors were made available on the website of the Belgian Financial Services and Markets Authority on 19 March 2020. Name of Director/Associate Nature of Link to access detailed information transaction EPS Participations Sàrl Disposal of shares https://www.fsma.be/en/eps-participations-sa-rl-12 (person closely associated to Sabine Chalmers, Alexandre Van Damme, Paul-Louis Cornet de Ways-Ruart, Grégoire de Spoelberch) EPS Participations Sàrl Disposal of shares https://www.fsma.be/en/eps-participations-sa-rl-13 (person closely associated to Sabine Chalmers, Alexandre Van Damme, Paul-Louis Cornet de Ways-Ruart, Grégoire de Spoelberch) 20 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: 20-03-2020 11:00:00 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.