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

Richmond House, 12 Par-La-VilleRoad, Hamilton HM08, Bermuda

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Press Release

Brussels / 3 February 2020 / 7:30 p.m. CET

The 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.

Disclosure Made According to the

Requirements of the Law of 2 May 2007

3 February 2020 - Anheuser-Busch InBev (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH) ("AB InBev") discloses the notification of significant shareholding that it has received in accordance with the Belgian Law of 2 May 2007 on the disclosure of significant shareholdings in listed companies.

According to its obligation under article 14 of the Belgian Law of 2 May 2007 on the disclosure of significant shareholdings in listed companies, AB InBev publishes the content of the notification that it has received.

The notification has been made following a change in the chain of intermediary companies through which Bevco Lux Sàrl holds AB InBev shares. The number of AB InBev shares held by Bevco Lux Sàrl has not changed compared to the previous transparency notification of 16 January 2017.

1. Date: Notification dated 28 January 2020
2. Reason for the notification: Acquisition or disposal of the control of an undertaking that holds a participating interest in an issuer.
3. Notification by:

Eagle PTC Ltd in its capacity as trustee (ex-Codan Trust Company Ltd*)

Eagle Holdings LLC

Aguila Ltd

SNI International Holdings Sàrl

USD Bevco Sàrl

Bevco Lux Sàrl

*For the avoidance of doubt, Eagle PTC Ltd and Codan Trust Company Ltd are different legal entities. Eagle PTC ltd is now the trustee and Codan Trust Company Ltd, now called Conyers Trust Company (Bermuda) Limited, still exists but is no longer trustee.

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Press Release

Brussels / 3 February 2020 / 7:30 p.m. CET

1. Denominator on the date of notifications: 2,019,241,973 shares
2. Notified details:

	Previous		After the transaction
	notification
	# of voting rights	# of voting rights	% of voting rights
Holders of voting		Linked to	Not linked to	Linked to	Not linked to
rights		securities	securities	securities	securities
Eagle PTC Ltd in its		0		0.00%
capacity as trustee
Eagle Holdings LLC		0		0.00%
Aguila Ltd	0	0		0.00%
SNI International	0	0		0.00%
Holdings Sàrl
USD Bevco Sàrl	0	0		0.00%
Bevco Lux Sàrl	101,078,512	101,078,512		5.01%
	TOTAL	101,078,512	0	5.01%	0.00%

1. Date threshold crossed: 16 October 2019
2. Threshold crossed: 5 %
3. Chain of controlled undertakings through which the shareholding is effectively held: As per the date of the notification:

• Eagle PTC Ltd in its capacity as trustee directly controls Eagle Holdings LLC,
• Eagle Holdings LLC directly controls Aguila Ltd,
• Aguila Ltd directly controls SNI International Holdings Sàrl,
• SNI International Holdings Sàrl directly controls USD Bevco Sàrl, and
• USD Bevco Sàrl directly controls Bevco Lux Sàrl.

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 notification will be posted on www.ab-inbev.com.

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Press Release

Brussels / 3 February 2020 / 7:30 p.m. CET

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®, Castle®, Castle Lite®, Hoegaarden® and Leffe®; and local champions such as Aguila®, Antarctica®, Bud Light®, Brahma®, Cass®, Cristal®, Harbin®, Jupiler®, Michelob Ultra®, 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 175,000 employees based in nearly 50 countries worldwide. For 2018, AB InBev's reported revenue was 54.6 billion USD (excluding JVs and associates).

ANHEUSER-BUSCH INBEV CONTACTS
Investors	Media
Lauren Abbott	Pablo Jimenez
Tel: [phone]	Tel: [phone]
E-mail:[e-mail]	E-mail:[e-mail]
Mariusz Jamka	Ingvild Van Lysebetten
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E-mail:[e-mail]	E-mail:[e-mail]
Jency John	Fallon Buckelew
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E-mail:[e-mail]	E-mail:[e-mail]

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