Shareholder Structure

Outstanding Shares & Subscription Rights

Information as at 20 December 2011:

• Total outstanding capital : 1.236.937.169,23 €
• Total number of outstanding ordinary shares : 1.606.071.799
• Total number of outstanding subscription rights (each right entitles the holder to subscribe to one new ordinary share) : 2.999.331
• Total number of outstanding options (each option entitles the holder to purchase from Anheuser-Busch InBev one existing ordinary share) : 49.060.243

Shareholder Structure

1. Shareholders’ structure based on information provided to Anheuser-Busch InBev as at 29 August 2011 by those shareholders who are compelled to disclose their shareholdings pursuant to the Belgian law of 02 May 2007 on the notification of significant shareholdings, Article 74 of the Belgian law of 01 April 2007 on public take-over bids and the Articles of Association of the Company.

2. A Shareholders Agreement between EPS, BRC and Stichting Anheuser-Busch InBev provides for equal voting and control rights of BRC and EPS over Stichting Anheuser-Busch InBev and, indirectly, over Anheuser-Busch InBev shares held by it.

3. The Stichting Anheuser-Busch InBev, BRC, EPS, BR Global, Rayvax, Sébastien Holding, Fonds InBev Baillet Latour and Fonds President Verhelst act in concert.

4. Anheuser-Busch InBev and its indirect subsidiary, Brandbrew, together hold 0.63 % of Anheuser-Busch InBev shares as at 29 August 2011.

Disclosure of shareholdings

In addition to the notification thresholds required and set out by the Law of 2 May 2007, the notification obligation also applies as soon as the amount of held securities giving voting right exceeds or falls down the 3% threshold.

Notifications made by shareholders according to article 74 of the Law of 01 April 2007 on public take over bids:

1. Notification of January 28, 2008
   a) BRC Download the PDF file
   b) EPS Download the PDF file
   c) Fonds InBev-Baillet Latour Download the PDF file
   d) Fonds Voorzitter Verhelst Download the PDF file
   e) Rayvax Download the PDF file
   f) Sebastien Holding Download the PDF file
   g) Stichting InBev Download the PDF file
2. Update of August 28, 2008
   a) Update of August 28, 2008 Download the PDF file
3. Update of August 27, 2009
   a) Update of August 27, 2009 Download the PDF file
4. Update of August 30, 2010 Download the PDF file
5. Update of August 29, 2011 Download the PDF file

Notifications made by shareholders according to the Law of 2 May 2007 on the disclosure of shareholdings in listed companies:

1. a) Notification InBev Controlling Shareholders 24 October 2008 Français (1,600 KB) / Press Release
   b) Annexes Français (64 KB)
2. Notification Capital Research & Management Cy 30 October 2008 Download the PDF file (237 KB) / Press Release
3. Notification Capital Research & Management Cy 25 November 2008
   English (232 KB) / Press Release
4. a) Notification Anheuser-Busch InBev Controlling Shareholders 27 November 2008
       Français (1,300 KB) / Press Release
   b) Annexes to Notification Anheuser-Busch InBev Controlling Shareholders 27 November 2008
       Français (64 KB)
5. Notification  FMR LLC 27 November 2008 English (252 KB) / Press Release
6. Notification Capital Research & Management Cy 17 December 2008 English (252 KB) / Press Release
7. Notification Capital Research & Management Cy 18 December 2008 English (252 KB) / Press Release
8. Notification FMR LLC 18 & 19 December 2008 English (252 KB) / Press Release
9. a) Notification Anheuser-Busch InBev Controlling Shareholders 22 December 2008
       Français (1,218 KB) / Press Release
   b) Annex 1 to Notification Anheuser-Busch InBev Controlling Shareholders 22 December 2008
       Français (277 KB)
   c) Annex 2 to Notification Anheuser-Busch InBev Controlling Shareholders 22 December 2008
       Français (64 KB)
10. Notification FMR LLC 30 April 2009 English (88 KB) / Press Release
11. Notification FMR LLC 21 May 2009 English (112 KB) / Press Release
12. Notification Janus Capital Management LLC 01 July 2009 English (148 KB) / Press Release
13. Notification FMR LLC 28 August 2009 English (120 KB) / Press Release
14. Notification FMR LLC 16 September 2009 English (104 KB) / Press Release
15. a) Notification Anheuser-Busch InBev Controlling Shareholders 18 September 2009
        Français (488 KB) / Press Release
    b) Annex I to notification Anheuser-Busch InBev Controlling Shareholders 18 September 2009
        Français (36 KB)
    c) Annex II to notification Anheuser-Busch InBev Controlling Shareholders 18 September 2009
        Français (60 KB)
16. Notification Capital Research and Management Company 11 January 2010 English (90 KB) / Press Release
17. Notification Janus Capital Management LLC 23 March 2010 English (90 KB) / Press Release
18. Notification Capital Research and Management Company 08 October 2010 English (90 KB) / Press Release
19. Notification Anheuser-Busch InBev Controlling Shareholders 21 December 2010 English (90 KB) / Press Release / Erratum
20. Notification Capital Research and Management Company 03 February 2011 English (120 KB) / Press Release