Ambev S A : November- Treasury Form

INDIVIDUAL FORM

Article 11 - CVM Instruction # 358/2002

In November 2020:

1. the only transactions with securities and derivatives were those presented below, in compliance with Article 11 - CVM Instruction # 358/2002.
   ( ) no securities and derivatives operations took place, in compliance with Article 11 - CVM Instruction # 358/2002, with my securities and derivatives positions as follows.

Company Name: Ambev S.A.

Name: Ambev Luxembourg S.À.R.L.				CPF/CNPJ:
Qualification: Subsidiary (controlled)
			Initial Balance
Securities / Derivatives		Securities Characteristics (2)				Quantity
Derivatives		Swap referenced in Shares				30,039,800
Derivatives		Swap referenced in ADR				26,974,653
			Transactions in the month
Securities /	Securities	Intermediary	Operation	Day	Quantity		Price	Volume (3)
Derivatives	Characteristics (2)
Derivatives	Swap referenced	Banco	Total Return Swap	5	1,709,800		R$ 13.33000	R$ 22,791,634.00
	Bradesco
	in Shares	Maturity
Derivatives	Swap referenced	Banco	Total Return Swap	5	1,150,000		R$ 13.33000	R$ 15,329,500.00
	in Shares	Bradesco	Maturity
Derivatives	Swap referenced	Banco	Total Return Swap	5	2,859,800		R$ 13.33000	R$ 38,121,134.00
	in Shares	Bradesco	Conclusion
Derivatives	Swap referenced	Banco	Total Return Swap	12	500,000		R$ 14.62000	R$ 7,310,000.00
	in Shares	Bradesco	Maturity
Derivatives	Swap referenced	Banco	Total Return Swap	12	500,000		R$ 14.62000	R$ 7,310,000.00
	in Shares	Bradesco	Conclusion
Derivatives	Swap referenced	Banco	Total Return Swap	19	950,000		R$ 14.73000	R$ 13,993,500.00
	in Shares	Bradesco	Maturity
Derivatives	Swap referenced	Banco	Total Return Swap	19	950,000		R$ 14.73000	R$ 13,993,500.00
	in Shares	Bradesco	Conclusion
Derivatives	Swap referenced	Banco	Total Return Swap	26	1,578,500		R$ 14.42000	R$ 22,761,970.00
	in Shares	Bradesco	Maturity
Derivatives	Swap referenced	Banco	Total Return Swap	26	1,578,500		R$ 14.42000	R$ 22,761,970.00
	in Shares	Bradesco	Conclusion
			Final Balance
Securities / Derivatives		Securities Characteristics (2)				Quantity
Derivatives		Swap referenced in Shares				30,039,800
Derivatives		Swap referenced in ADR				26,974,653

INDIVIDUAL FORM

Article 11 - CVM Instruction # 358/2002

In November 2020:

1. the only transactions with securities and derivatives were those presented below, in compliance with Article 11 - CVM Instruction # 358/2002.
   ( ) no securities and derivatives operations took place, in compliance with Article 11 - CVM Instruction # 358/2002, with my securities and derivatives positions as follows.

Company Name: Ambev S.A.

Name: Ambev S.A.							CPF/CNPJ: 07.526.557/0001-00
Qualification: Outstanding Shares in Treasury
					Initial Balance
Securities / Derivatives		Securities Characteristics (2)			Quantity
	Shares			Common					1,682,145
		ADR			Common					0
					Transactions in the month
Securities /		Securities
	Characteristics	Intermediary		Operation	Day	Quantity	Price	Volume (3)
Derivatives
(2)
Shares		Common	Direct with the		Exerc Options	06		30,125	R$ 9.35960	R$ 281,957.95
	Company
Shares		Common	Direct with the		Exerc Options	09		30,125	R$ 9.35960	R$ 281,957.95
	Company
Shares		Common	Direct with the		Exerc Options	10		192,800	R$ 9.35960	R$ 1,804,530.88
	Company
Shares		Common	Direct with the		Exerc Options	13		369,000	R$ 9.35960	R$ 3,453,692.40
	Company
Shares		Common	Direct with the		Exerc Options	13		102,820	R$ 11.97200	R$ 1,230,961.04
	Company
Shares		Common	Direct with the		Exerc Options	16		917,325	R$ 9.35960	R$ 8,585,795.07
	Company
Shares		Common	Direct with the		Exerc Options	16		48,235	R$ 11.97200	R$ 577,469.42
	Company
Shares		Common	Direct with the		Exerc Options	17		144,600	R$ 9.35960	R$ 1,353,398.16
	Company
Shares		Common	Direct with the		Exerc Options	17		25,385	R$ 11.97200	R$ 303,909.22
	Company
Shares		Common	Direct with the		Exerc Options	19		30,125	R$ 9.35960	R$ 281,957.95
	Company
Shares		Common	Direct with the		Exerc Options	20		30,125	R$ 9.35960	R$ 281,957.95
	Company
Shares		Common	Direct with the		Exerc Options	20		38,080	R$ 11.97200	R$ 455,893.76
	Company
Shares		Common	Direct with the		Exerc Options	24		129,550	R$ 9.35960	R$ 1,212,536.18
	Company
Shares		Common	Direct with the		Exerc Options	25		60,250	R$ 9.35960	R$ 563,915.90
	Company
Shares		Common	Direct with the		Exerc Options	26		143,100	R$ 9.35960	R$ 1,339,358.76
	Company
Shares		Common	Direct with the		Exerc Options	27		132,525	R$ 9.35960	R$ 1,240,380.99
	Company
Shares		Common	Direct with the		Exerc Options	30		577,493	R$ 9.35960	R$ 5,405,103.48
	Company
			Direct with the		Buy - Plan of	09		30,125	R$ 14.22000	R$ 428,377.50
Shares		Common		Shares
	Company
				Acquisition
			Direct with the		Buy - Plan of	10		64,890	R$ 15.21000	R$ 986,976.90
Shares		Common		Shares
	Company
				Acquisition
Shares		Common	Direct with the		Buy - Plan of	11		2,718	R$ 14.90000	R$ 40,498.20

		Company	Shares
			Acquisition
		Direct with the	Buy - Plan of	13	145,955	R$ 15.11000	R$ 2,205,380.05
Shares	Common	Shares
Company
		Acquisition
		Direct with the	Buy - Plan of	16	627,363	R$ 15.36000	R$ 9,636,295.68
Shares	Common	Shares
Company
		Acquisition
		Direct with the	Buy - Plan of	17	107,201	R$ 15.46000	R$ 1,657,327.46
Shares	Common	Shares
Company
		Acquisition
		Direct with the	Buy - Plan of	19	19,142	R$ 14.73000	R$ 281,961.66
Shares	Common	Shares
Company
		Acquisition
		Direct with the	Buy - Plan of	20	51,241	R$ 14.40000	R$ 737,870.40
Shares	Common	Shares
Company
		Acquisition
		Direct with the	Buy - Plan of	24	82,207	R$ 14.75000	R$ 1,212,553.25
Shares	Common	Shares
Company
		Acquisition
		Direct with the	Buy - Plan of	25	19,459	R$ 14.49000	R$ 281,960.91
Shares	Common	Shares
Company
		Acquisition
		Direct with the	Buy - Plan of	26	92,883	R$ 14.42000	R$ 1,339,372.86
Shares	Common	Shares
Company
		Acquisition
		Direct with the	Buy - Plan of	27	88,030	R$ 14.32000	R$ 1,260,589.60
Shares	Common	Shares
Company
		Acquisition
		Direct with the	Buy - Plan of	30	149,251	R$ 13.98000	R$ 2,086,528.98
Shares	Common	Shares
Company
		Acquisition
			Final Balance
Securities / Derivatives		Securities Characteristics (2)				Quantity
	Shares		Common					160,947
	ADR		Common					0