Anheuser Busch InBev / : Disclosure Made According to the Requirements of the Law of 2 May 2007

Brussels - 28 December 2023 - 6:00pm CET

Regulated information1

Disclosure Made According to the Requirements of the Law of 2 May 2007

28 December 2023 - Anheuser-Busch InBev (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE:ANH) ("AB InBev") ("the Company") hereby discloses, in accordance with article 14, first paragraph of the Law of 2 May 2007, that on 21 December 2023 it received a transparency notification from M. Jorge Paulo Lemann, M. Carlos Alberto da Veiga Sicupira, M. Max Van Hoegaerden Herrmann Telles, BRC Sàrl, EPS SA, Stichting Anheuser- Busch InBev, AB InBev, Rayvax Société d'investissements SA, Stichting Fonds InBev Baillet Latour and Fonds Verhelst SC, à finalité sociale, in accordance with articles 6 and 18 of the Law of 2 May 2007.

In such notification, the notifying parties notify a change in one of the parties acting in concert resulting from an inter vivos donation by one of the natural persons holding the joint ultimate control over BRC Sàrl to one of his sons (i.e. a gift by M. Marcel Herrmann Telles to his son M. Max Van Hoegaerden Herrmann Telles). M. Max Van Hoegaerden Herrmann Telles thereby replaces his father as one of the individuals holding the joint ultimate control over BRC Sàrl. No threshold has been crossed upwards or downwards.

The transparency notification contains the following information:

1. Date notification: Notification dated 21 December 2023
2. Reason for the notification: Conclusion or modification of an agreement to act in concert; Acquisition or disposal of voting securities or voting rights.
3. Notification by: Persons acting in concert; A parent undertaking or a controlling person.
4. Persons subject to the notification obligation:

			Name		Address (for legal entities)
	M. Jorge Paulo Lemann
	M. Carlos Alberto da Veiga Sicupira
	Max Van Hoegaerden Herrmann Telles
	BRC Sàrl (Luxembourg law)	2 Boulevard de la Foire, L 1528 Luxembourg
	EPS SA (Luxembourg law)	488 Route de Longwy, L 1940 Luxembourg
	Stichting Anheuser-Busch InBev (Dutch law)	760 Amstelveenseweg 760, 1081 JK Amsterdam
	Anheuser-Busch InBev	1 Grand Place, 1000 Bruxelles
	Rayvax Société d'investissements SA	88 Rue Gachard, 1050 Ixelles
	Stichting Fonds InBev Baillet Latour	Cerastraat 1, 4811 Breda
	Fonds Verhelst SC, à finalité sociale	1 Brouwerijplein, 3000 Leuven
5. Date transaction: 15 December 2023
6. Threshold that is crossed (in %): 45
7.	Denominator: 2,019,241,973
8.	Notified details:
A) Voting rights		Previous notification			After the transaction
			# of voting rights		# of voting rights	% of voting rights
Holders of voting				Linked to	Not linked	Linked to	Not linked
			to the	to the
	rights				securities	securities
				securities	securities

ab-inbev.com

Press Release - 28 December 2023 - 1

1The enclosed information constitutes regulated information as defined in the Belgian Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market.

M. Jorge Paulo	0		0			0.00%
Lemann
M. Carlos Alberto da	0		0			0.00%
Veiga Sicupira
M. Max Van
Hoegaerden	0		0			0.00%
Herrmann Telles
BRC	39,962,901		28,097,078			1.39%
EPS	99,999		99,999			0.00%
EPS Participations	131,898,152		133,846,578			6.63%
Stichting Anheuser-	663,074,832		663,074,832			32.84%
Busch InBev
Anheuser-Busch	59,258,420		34,263,019			1.70%
InBev
Brandbrew	405,894		265,894			0.01%
Brandbev	138,293		172,467			0.01%
Ambrew	0		200,000			0.01%
Mexbrew	60,000		0			0.00%
Subtotal	894,898,491		860,019,867			42.59%
Rayvax Société	24,158		50,000			0.00%
d'investissements
Sébastien Holding	10		0			0.00%
Subtotal	24,168		50,000			0.00%
Stichting Fonds	0		0			0.00%
InBev Baillet Latour
Fonds Baillet Latour	5,485,415		5,485,415			0.27%
Subtotal	5,485,415		5,485,415			0.27%
Fonds Verhelst	0		0			0.00%
Fonds Voorzitter	6,997,665		6,997,665			0.35%
Verhelst
Subtotal	6,997,665		6,997,665			0.35%
	TOTAL	872,552,947		0	43.21%		0.00%

ab-inbev.com

Press Release - 28 December 2023 - 2

B)
Equivalent			After the transaction
financial
instruments
Holders of				# of voting rights
Type of		Exercise	that may be	% of
equivalent	Expiration
financial	period or	acquired if the	voting	Settlement
financial	date
instrument	date	instrument is	rights
instruments
			exercised
	TOTAL			0	0.00%

TOTAL (A & B)

		% of
	# of voting rights	voting
		rights
	872,552,947	43.21%

1. Chain of controlled entities through which the shareholding is effectively held: Annexed to the transparency notification, a summary overview of which is available onwww.ab-inbev.com/investors/corporate-governance/shareholder-structure/.
2. Additional information: Notification made due to a change in one of the parties acting in concert (parties à l'action de concert) resulting from an inter vivos donation by one of the natural persons holding the joint ultimate control over BRC to one of his sons (i.e. a gift by Marcel Herrmann Telles to his son Max Van Hoegaerden Herrmann Telles). Max Van Hoegaerden Herrmann Telles thereby replaces his father as one of the individuals holding the joint ultimate control over BRC.

Notifications of significant shareholdings to be made according to the Law of 2 May 2007 or AB InBev's bylaws, should be sent to [e-mail].

This press release can be consulted on AB InBev's website via this link www.ab-inbev.com.

ab-inbev.com

Press Release - 28 December 2023 - 3

About Anheuser-Busch InBev (AB InBev)

Anheuser-Busch InBev (AB 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). As a company, we dream big to create a future with more cheers. We are always looking to serve up new ways to meet life's moments, move our industry forward and make a meaningful impact in the world. We are committed to building great brands that stand the test of time and to brewing the best beers using the finest 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 167,000 colleagues based in nearly 50 countries worldwide. For 2022, AB InBev's reported revenue was 57.8 billion USD (excluding JVs and associates).

Anheuser-Busch InBev Contacts

Investors	Media
Shaun Fullalove	Media Relations
Tel: [phone]	E-mail:[e-mail]
E-mail: [e-mail]
Maria Glukhova
Tel: [phone]
E-mail:[e-mail]
Cyrus Nentin
Tel: [phone]
E-mail:[e-mail]

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Press Release - 28 December 2023 - 4