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ANHEUSER-BUSCH INBEV SA/NV - AB InBev completes sale of Carlton & United Breweries to Asahi Group Holdings, Ltd.

Release Date: 01/06/2020 08:55
Code(s): ANH     PDF:  
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AB InBev completes sale of Carlton & United Breweries to Asahi Group Holdings, Ltd.

      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”)


      AB InBev completes sale of Carlton & United Breweries to Asahi Group Holdings, Ltd.

      1 June 2020 – Anheuser-Busch InBev (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH) (“AB
      InBev”) announced today that it has completed its previously announced sale of Carlton & United Breweries
      (CUB), its Australian subsidiary, to Asahi Group Holdings, Ltd.

      “Despite the challenging environment, our colleagues working on this transaction showed great dedication and
      remained focused on delivering to its completion. I would like to thank them and also the CUB team for their
      continued commitment and resilience,” said Carlos Brito, Chief Executive Officer of AB InBev.

      The transaction is valued at 16 billion AUD, equivalent to approximately 11 billion USD, in enterprise value. As
      part of this transaction, AB InBev granted Asahi Group Holdings, Ltd. rights to commercialize the portfolio of
      AB InBev’s global and international brands in Australia. Substantially all of the proceeds from the divestiture of
      the Australian business will be used by the company to pay down debt.

      This press release does not represent an offer to sell nor a solicitation to buy shares in AB InBev.

      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 of 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. 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.


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      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 Budweiser®, 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).




      ANHEUSER-BUSCH INBEV CONTACTS

      Investors                                                                Media
      Lauren Abbott                                                            Pablo Jimenez
      Tel: +1 212 573 9287                                                     Tel: +1 212 284 0158
      E-mail: lauren.abbott@ab-inbev.com                                       E-mail: pablo.jimenez@ab-inbev.com

      Mariya Glukhova                                                          Ingvild Van Lysebetten
      Tel: +32 16 276 888                                                      Tel: +32 16 276 608
      E-mail: mariya.glukhova@ab-inbev.com                                     E-mail: ingvild.vanlysebetten@ab-inbev.com

      Jency John                                                               Fallon Buckelew
      Tel: +1 646 746 9673                                                     Tel: +1 310 592 6319
      E-mail: jency.john@ab-inbev.com                                          E-mail: fallon.buckelew@ab-inbev.com


      1 June 2020
      JSE Sponsor: Questco Corporate Advisory Proprietary Limited




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Date: 01-06-2020 08:55:00
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