EX-99.2 3 d297681dex992.htm EX-99.2 EX-99.2

Exhibit 99.2

 

 

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Brussels – 15 Nov 2023 – 19:30 CET

Anheuser-Busch InBev Announces Pricing of Cash Tender Offers for up to USD 3 Billion Aggregate Purchase Price of Thirteen Series of USD Notes, Three Series of EUR Notes and Two Series of GBP Notes

15 November 2023 – Anheuser-Busch InBev SA/NV (“AB InBev”) (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH) today announced the pricing of offers by AB InBev and its wholly-owned subsidiaries Anheuser-Busch InBev Worldwide Inc. (“ABIWW”), Anheuser-Busch Companies, LLC (“ABC”) and Anheuser-Busch InBev Finance Inc. (“ABIFI”, and together with AB InBev, ABIWW and ABC, the “Companies”) to purchase for cash any validly tendered (and not validly withdrawn) and accepted notes up to an aggregate purchase price (excluding accrued and unpaid interest) of US$3 billion (such amount, the “Aggregate Offer Cap”) of thirteen series of USD notes (the “USD Notes”), three series of EUR notes (the “EUR Notes”) and two series of GBP notes (the “GBP Notes”, and together with the USD Notes and the EUR Notes, the “Notes”) issued by the Companies, across the Pool 1 Tender Offers and the Pool 2 Tender Offers, each with a separate Pool Offer Cap, as described in the table set forth below (the “Tender Offers”).

The Companies announced the pricing as set forth in the table below of its offers to purchase the outstanding Notes listed below.

As announced on 31 October 2023, the Companies will spend up to US$3 billion combined aggregate purchase price (excluding Accrued Interest) in the Tender Offers. Because the Aggregate Offer Cap has been reached, the Company does not expect to accept for purchase any Notes tendered after 5:00 p.m., New York City time, on Tuesday, 14 November 2023 (the “Early Tender Time”).

The Tender Offers have been made pursuant to the terms and conditions set forth in the offer to purchase, dated 31 October 2023 (the “Offer to Purchase”). Terms not defined in this announcement have the meanings given to them in the Offer to Purchase.

 

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Title of
Notes

   ISIN / (if applicable)
CUSIP
   Maturity
Date
   Issuer and
Offeror
   Acceptance
Priority
Level
   Principal
Amount to be
Purchased
   Reference
Security /
Interpolated
Mid-Swap Rate
   Fixed
Spread
(basis
points)
   Reference
Yield
   Total
Consideration(a) 

Pool 1 Tender Offers

 

Up to the Pool 1 Offer Cap of $1,200,000,000

3.650%

Notes due

2026

   US03522AAG58/
03522AAG5

 

144A:
US03522AAD28/
03522AAD2

 

Reg S:
USU00323AD40/
U00323AD4

   1 February
2026
   ABIWW
and ABC
   1    $1,236,641,000    UST 4.625%
due15 October
2026
   45    4.667%    $970.37

2.700%

Notes due

2026

   BE6265142099    31 March
2026
   AB InBev    2    €0    2026
Interpolated
Mid-Swap
Rate
   -5    N/A    N/A
Total aggregate purchase price for the Pool 1 Tender Offers as of the Early Tender Time: $1,199,999,327.17

Pool 2 Tender Offers

 

Up to the Pool 2 Offer Cap of $1,800,000,672.83, equal to $3,000,000,000 less the aggregate purchase price (excluding accrued and unpaid interest) payable for the Pool 1 Notes validly tendered and accepted for purchase in the Pool 1 Tender Offers

 

3.750%

Notes due

2042

   US03523TBQ04/
03523TBQ0
   15 July
2042
   ABIWW    1    $121,129,000    UST
4.375% due
15 August
2043
   72    4.864%    $789.36

2.850%

Notes due

2037

   BE6295395956    25 May
2037
   AB InBev    2    £163,183,000    UKT 1.750%
due
7 September
2037
   54    4.452%    £788.18

4.000%

Notes due

2043

   US035242AB27/
035242AB2
   17 January
2043
   ABIFI    3    $63,745,000    UST
4.375% due
15 August
2043
   82    4.864%    $805.16

4.600%

Notes due

2060

   US035240AU42/
035240AU4
   1 June
2060
   ABIWW    4    $149,943,000    UST
3.625% due
15 May 2053
   94    4.683%    $842.11

4.500%

Notes due

2050

   US035240AT78
/035240AT7
   1 June 2050    ABIWW    5    $464,873,000    UST
3.625% due
15 May 2053
   92    4.683%    $848.68

 

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4.600%

Notes due

2048

   US035240AN09/
035240AN0
   15 April
2048
   ABIWW    6    $1,123,895,000    UST
3.625% due
15 May
2053
   94    4.683%    $865.13

4.750%

Notes due

2058

   US035240AP56/
035240AP5
   15 April
2058
   ABIWW    7    $0    UST
3.625% due
15 May
2053
   99    N/A    N/A

4.350%

Notes due

2040

   US035240AS95/
035240AS9
   1 June
2040
   ABIWW    8    $0    UST
4.375% due
15 August
2043
   83    N/A    N/A

4.625%

Notes due

2044

   US03524BAF31/
03524BAF3
   1 February
2044
   ABIFI    9    $0    UST
4.375% due
15 August
2043
   91    N/A    N/A

2.000%

Notes due

2035

   BE6301511034    23 January
2035
   AB
InBev
   10    €0    2035
Interpolated
Mid-Swap
Rate
   50    N/A    N/A

4.375%

Notes due

2038

   US035240AM26/
035240AM2
   15 April
2038
   ABIWW    11    $0    UST
3.875% due
15 August
2033
   116    N/A    N/A

4.900%

Notes due

2046

   US03522AAJ97/
03522AAJ9

144A:
US03522AAF75/
03522AAF7

Reg S:
USU00323AF97/
U00323AF9

   1 February
2046
   ABIWW
and
ABC
   12    $0    UST
4.375% due
15 August
2043
   98    N/A    N/A

4.900%

Notes due

2046

   US035242AN64/
035242AN6
   1 February
2046
   ABIFI    13    $0    UST
4.375% due
15 August
2043
   98    N/A    N/A

1.650%

Notes due

2031

   BE6312822628    28 March
2031
   AB
InBev
   14    €0    2031
Interpolated
Mid-Swap
Rate
   37    N/A    N/A

2.250%

Notes due

2029

   BE6295393936    24 May
2029
   AB
InBev
   15    £0    UKT
0.500% due
31 January
2029
   34    N/A    N/A

3.500%

Notes due

2030

   US035240AV25/
035240AV2
   1 June
2030
   ABIWW    16    $0    UST
3.875% due
15 August
2033
   73    N/A    N/A
Total aggregate purchase price for the Pool 2 Tender Offers as of the Early Tender Time: $1,800,000,328.99

 

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(a)     Per $1,000, €1,000 or £1,000 in principal amount, as applicable, of Notes validly tendered and accepted for purchase prior to the Early Tender Time. The Reference Yield and the Total Consideration for each series of Notes were determined at 9:30 a.m., New York City time (2:30 p.m., London time), on Wednesday, 15 November 2023, as described in the Offer to Purchase. The Total Consideration includes the Early Tender Payment of (i) $30 per $1,000 in principal amount of USD Notes, (ii) €30 per €1,000 in principal amount of EUR Notes or (iii) £30 per £1,000 in principal amount of GBP Notes, as applicable, and assumes a final settlement date of 5 December 2023.

The Companies have elected not to exercise their right to have an early settlement date, and the settlement date for all Notes validly tendered and accepted for purchase is expected to be on 5 December 2023 (the “Final Settlement Date”). Holders will also receive accrued and unpaid interest on the Notes validly tendered and accepted for purchase from the applicable last interest payment date up to, but not including, the Final Settlement Date.

As previously announced, according to information provided by Global Bondholder Services Corporation, the Tender and Information Agent for the Tender Offers, $9,186,786,000 aggregate principal amount of the USD Notes, €607,297,000 aggregate principal amount of the EUR Notes and £266,763,000 aggregate principal amount of the GBP Notes were validly tendered prior to or at the Early Tender Time and not validly withdrawn.

Because (i) the aggregate purchase price (excluding accrued and unpaid interest) for the aggregate principal amount of Notes validly tendered prior to or at the Early Tender Time and not validly withdrawn would exceed the Aggregate Offer Cap and (ii) the aggregate purchase price (excluding accrued and unpaid interest) for the aggregate principal amount of Notes validly tendered prior to or at the Early Tender Time and not validly withdrawn in each of the Pool 1 Tender Offers and the Pool 2 Tender Offers would exceed the Pool 1 Offer Cap and the Pool 2 Offer Cap, respectively, the Companies will not accept for purchase all Notes that have been tendered by the Early Tender Time in the Pool 1 Tender Offers and the Pool 2 Tender Offers.

With respect to the Pool 1 Tender Offers, the Companies will accept for purchase $1,236,641,000 aggregate principal amount of the 3.650% Notes due 2026 validly tendered and not validly withdrawn as of the Early Tender Time on a prorated basis as described in the Offer to Purchase (as defined below), using a proration factor of approximately 70.30%.

With respect to the Pool 2 Tender Offers, the Companies will accept for purchase all of the 3.750% Notes due 2042, 2.850% Notes due 2037, 4.000% Notes due 2043, 4.600% Notes due 2060 and 4.500% Notes due 2050 validly tendered and not validly withdrawn as of the Early Tender Time. The Companies will accept for purchase $1,123,895,000 aggregate principal amount of the 4.600% Notes due 2048 validly tendered and not validly withdrawn as of the Early Tender Time on a prorated basis as described in the Offer to Purchase, using a proration factor of approximately 80.67%.

The Companies will not accept for purchase any 2.700% Notes due 2026, 4.750% Notes due 2058, 4.350% Notes due 2040, 4.625% Notes due 2044, 2.000% Notes due 2035, 4.375% Notes due 2038, 4.900% Notes due 2046 (issued by ABIWW and ABC), 4.900% Notes due

 

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2046 (issued by ABIFI), 1.650% Notes due 2031, 2.250% Notes due 2029 or 3.500% Notes due 2030 tendered in the Tender Offers. Any 3.650% Notes due 2026 and 4.600% Notes due 2048 not accepted for purchase will be returned promptly to holders or unblocked in the relevant direct participant’s clearing system account, as applicable, following the Final Settlement Date. All 2.700% Notes due 2026, 4.750% Notes due 2058, 4.350% Notes due 2040, 4.625% Notes due 2044, 2.000% Notes due 2035, 4.375% Notes due 2038, 4.900% Notes due 2046 (issued by ABIWW and ABC), 4.900% Notes due 2046 (issued by ABIFI), 1.650% Notes due 2031, 2.250% Notes due 2029 and 3.500% Notes due 2030 will be returned promptly to holders or unblocked in the relevant direct participant’s clearing system account, as applicable, following the Price Determination Time.

Holders of the Notes who tendered at or before the Early Tender Time and whose Notes were accepted for purchase are eligible to receive the Total Consideration.

The Tender Offers will expire at 5:00 p.m., New York City time, on 30 November 2023 (such time and date, the “Expiration Time”), or any other date and time to which the Companies extend the applicable Tender Offer. Because the Aggregate Offer Cap has been reached, the Companies do not expect to accept for purchase any Notes tendered after the Early Tender Time.

English, Dutch and French versions of this press release will be available on www.ab-inbev.com.

The Lead Dealer Managers for the Tender Offers (in respect of the Tender Offers as made to Relevant Holders (as defined below) only) are:

 

BofA Securities, Inc.

 

620 S Tryon Street, 20th Floor
Charlotte

North Carolina 28255

United States of America

 

Attention: Liability Management Group

Collect: (980) 387-3907

Toll-Free: (888) 292-0070

Email: debt_advisory@bofa.com

 

In Europe:

Telephone: +33 1 877 01057

Email: DG.LM-EMEA@bofa.com

  

Citigroup Global Markets Inc.

 

388 Greenwich Street, Trading 4th Floor

New York, New York 10013

United States of America

 

Attention: Liability Management Group

Collect: (212) 723-6106

Toll-Free: (800) 558-3745

Email: ny.liabilitymanagement@citi.com

  

Deutsche Bank Aktiengesellschaft

 

Mainzer Landstraße 11-17

60329 Frankfurt am Main

Germany

Tel: +44 20 7545 8011

 

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Deutsche Bank
Securities Inc.

 

1 Columbus Circle

New York, NY 10019

United States of America

 

Attn: Liability Management Group

Toll free: (866) 627-0391

Collect: (212) 250-2955

  

J.P. Morgan SE

 

 

Taunustor 1

(TaunusTurm)

60310 Frankfurt am Main

Germany

 

Attn: Liability Management Group

Collect: +44 20 7134 2468

Email: Liability_Management_EMEA@jpmorgan.com

  

J.P. Morgan Securities
LLC

 

383 Madison Avenue

New York, NY 10179

United States of America

 

Attn: Liability
Management Group

Collect: (212) 834-4818

Toll-Free: (866) 834-4666

  

Santander US Capital Markets LLC

 

437 Madison Avenue

10th Floor

New York, NY 10022

United States of America

 

Attention: Liability Management Group

Fax: 212-407-0930

Toll: 212-940-1442

Toll-Free: 855-404-3636

Email: AmericasLM@santander.us

Barclays Bank PLC &

Barclays Capital Inc.

  

BNP Paribas Securities Corp.

   ING Bank N.V.

The Tender and Information Agent for the Tender Offers is:

Global Bondholders Services Corporation

65 Broadway – Suite 404

New York, New York 10006

Attention: Corporate Actions

Bank and Brokers Call Collect: +1 (212) 430-3774

All Others Please Call Toll-Free: +1 (855) 654-2014

Fax: +1 (212) 430-3775 or +1 (212) 430-3779

E-mail: contact@gbsc-usa.com

Tender Offer Website: https://gbsc-usa.com/registration/abi

Non-U.S. Distribution Restrictions

Italy. None of the Tender Offers, this announcement, the Offer to Purchase or any other documents or materials relating to the Tender Offers have been or will be submitted to the clearance procedure of the Commissione Nazionale per le Società e la Borsa (“CONSOB”) pursuant to applicable Italian laws and regulations. The Tender Offers are being carried out in the Republic of Italy (“Italy”) as exempted offers pursuant to article 101-bis, paragraph 3-bis

 

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of the Legislative Decree No. 58 of 24 February 1998, as amended (the “Financial Services Act”) and article 35-bis, paragraph 4 of CONSOB Regulation No. 11971 of 14 May 1999, as amended. Holders or beneficial owners of the Notes that are resident or located in Italy can tender their Notes for purchase through authorized persons (such as investment firms, banks or financial intermediaries permitted to conduct such activities in Italy in accordance with the Financial Services Act, CONSOB Regulation No. 20307 of 15 February 2018, as amended, and Legislative Decree No. 385 of 1 September 1993, as amended) and in compliance with any other applicable laws and regulations and with any requirements imposed by CONSOB or any other Italian authority. Each intermediary must comply with applicable laws and regulations concerning information duties vis-à-vis its clients in connection with the Notes or the Offer to Purchase.

United Kingdom. The communication of this announcement, the Offer to Purchase and any other documents or materials relating to the Tender Offers is not being made by and such documents and/or materials have not been approved by an “authorised person” for the purposes of section 21 of the Financial Services and Markets Act 2000 (the “FSMA”). Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such documents and/or materials is exempt from the restriction on financial promotions under section 21(1) of the FSMA on the basis that it is only directed at and may only be communicated to: (1) persons who are outside of the United Kingdom; (2) investment professionals falling within the definition contained in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); (3) those persons who are existing members or creditors of the Companies or other persons falling within Article 43(2) of the Order; or (4) any other persons to whom such documents and/or materials may lawfully be communicated in accordance with the Order (all such persons together being referred to as “relevant persons”). This announcement, the Offer to Purchase and any other documents or materials relating to the Tender Offers are only available to relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

France. The Tender Offers are not being made, directly or indirectly, in the Republic of France (other than to qualified investors as described below). This announcement, the Offer to Purchase and any other document or material relating to the Tender Offers have only been, and shall only be, distributed in the Republic of France to qualified investors as defined in Article 2(e) of Regulation (EU) 2017/1129 (the “Prospectus Regulation”). None of this announcement, the Offer to Purchase nor any other documents or materials relating to the Tender Offers have been or will be submitted for clearance to the Autorité des marchés financiers.

Belgium. None of this announcement, the Offer to Purchase nor any other documents or materials relating to the Tender Offers have been, or will be, submitted or notified to, or approved or recognized by, the Belgian Financial Services and Markets Authority (Autorité des services et marchés financiers/Autoriteit voor Financiële Diensten en Markten). The Tender Offers are not being made in Belgium by way of a public offering within the meaning

 

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of Articles 3, §1, 1° and 6, §1 of the Belgian Law of 1 April 2007 on public takeover bids (“loi relative aux offres publiques d’acquisition”/ “wet op de openbare overnamebiedingen”), as amended or replaced from time to time. Accordingly, the Tender Offers may not be, and are not being, advertised and the Tender Offers will not be extended and this announcement, the Offer to Purchase and any other documents or materials relating to the Tender Offers (including any memorandum, information circular, brochure or any similar documents) may not, have not, and will not, be distributed or made available, directly or indirectly, to any person in Belgium other than to “qualified investors” (“investisseur qualifié”/“gekwalificeerde belegger”) within the meaning of Article 2(e) of the Prospectus Regulation acting on their own account. Insofar as Belgium is concerned, the Tender Offers are made only to qualified investors, as this term is defined above. Accordingly, the information contained in this announcement, the Offer to Purchase or in any other documents or materials relating to the Tender Offers may not be used for any other purpose or disclosed or distributed to any other person in Belgium.

Legal Notices

None of the Dealer Managers (nor any of their respective directors, officers, employees, agents or affiliates) has any role in relation to any part of the Tender Offers made to Holders that are not Relevant Holders, where “Relevant Holders” means:

 

(i)

a Holder of the USD Notes; or

 

(ii)

a Holder of GBP Notes or EUR Notes that is:

(a)    if resident or located in a member state of the European Union (the “EU”), an “eligible counterparty” or a “professional client”, each as defined in Directive No. 2014/65/EU on markets in financial instruments (as amended from time to time);

(b)    if resident or located in the UK, an “eligible counterparty”, as defined in the FCA Handbook Conduct of Business Sourcebook, or a “professional client” as defined in point (8) of Article 2(1) of Regulation (EU) No. 600/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018; or

(c)    if resident or located in a jurisdiction outside of the EU and the UK, an institutional holder under applicable local law and not a retail holder.

This announcement is for informational purposes only and is not an offer to sell or purchase, a solicitation of an offer to purchase or a solicitation of consents with respect to any securities. There will there be no sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

This announcement is for informational purposes only and is not an offer to sell or purchase, a solicitation of an offer to purchase or a solicitation of consents with respect to any securities. There will there be no sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

 

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This announcement does not describe all the material terms of the Tender Offers and no decision should be made by any Holder on the basis of this announcement. The terms and conditions of the Tender Offers are described in the Offer to Purchase. This announcement must be read in conjunction with the Offer to Purchase. The Offer to Purchase contains important information which should be read carefully before any decision is made with respect to the Tender Offers. If any Holder is in any doubt as to the contents of this announcement, or the Offer to Purchase, or the action it should take, it is recommended that the Holder seek its own financial and legal advice, including in respect of any tax consequences, immediately from its stockbroker, bank manager, solicitor, accountant or other independent financial, tax or legal adviser. Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee must contact such entity if it wishes to tender such Notes pursuant to the Tender Offers.

None of the Companies, the Dealer Managers or their affiliates, their respective boards of directors, the Tender and Information Agent, the trustee with respect to the USD Notes or any of their respective affiliates makes any recommendation, or has expressed an opinion, as to whether or not Holders should tender their Notes, or refrain from doing so, pursuant to the Tender Offers. Each Holder should make its own decision as to whether to tender its Notes and if so, the principal amount of the Notes to tender.

The Companies have not filed this announcement or the Offer to Purchase with, and they have not been reviewed by, any federal or state securities commission or regulatory authority of any country. No authority has passed upon the accuracy or adequacy of the Tender Offers, and it is unlawful and may be a criminal offense to make any representation to the contrary.

The Offer to Purchase does not constitute an offer to purchase Notes in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer under applicable securities or blue sky laws. The distribution of the Offer to Purchase in certain jurisdictions is restricted by law. Persons into whose possession the Offer to Purchase comes are required by each of the Companies, the Dealer Managers, the Tender and Information Agent to inform themselves about, and to observe, any such restrictions.

 

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Anheuser-Busch InBev Contacts

 

Investors    Media
Shaun Fullalove    Fallon Buckelew
Tel: +1 212 573 9287    Tel: +1 310 592 6319
E-mail: shaun.fullalove@ab-inbev.com    E-mail: fallon.buckelew@ab-inbev.com
Maria Glukhova    Michaël Cloots
Tel: +32 16 276 888    Tel: +32 497 167 183
E-mail: maria.glukhova@ab-inbev.com    E-mail: michael.cloots@ab-inbev.com
Cyrus Nentin   
Tel: +1 646 746 9673   
E-mail: cyrus.nentin@ab-inbev.com   
Fixed Income Investors   
Patrick Ryan   
Tel: +1 646 746 9667   
E-mail: patrick.ryan@ab-inbev.com   

 

About Anheuser-Busch InBev (AB 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®, Michelob ULTRA® and Stella Artois®; multi-country brands Beck’s®, Hoegaarden® and Leffe®; 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).

 

Forward-Looking Statements

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” 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 risks and uncertainties relating to AB InBev that are described under Item 3.D of AB InBev’s Annual Report on Form 20-F filed with the SEC on 17 March 2023. Many of these risks and uncertainties are, and will be, exacerbated by any further worsening of the global business and economic environment, the ongoing conflict in Russia and Ukraine and the Middle East and the COVID-19 pandemic. 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

 

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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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