Anheuser-Busch InBev SA/NV
(Incorporated in the Kingdom of Belgium)
Register of Companies Number: 0417.497.106
Euronext Brussels Share Code: ABI
Mexican Stock Exchange Share Code: ANB
NYSE ADS Code: BUD
JSE Share Code: ANH
ISIN: BE0974293251
(“AB InBev” or the “Company”)


AB InBev reports on the progress of its
share buy-back program announced on 31
October 2023
Regulated information1


March 11, 2024 – Anheuser-Busch InBev (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE:ANH) (“AB InBev”)
(“the Company”) hereby discloses certain information in relation to its share buy-back program announced on 31
October 2023, in accordance with article 8:4 of the Royal Decree of 29 April 2019 implementing the Belgian Code
on Companies and Associations. Under this program, AB InBev has granted a discretionary mandate to an
independent financial intermediary to repurchase AB InBev shares for an amount of 1 billion USD2 during a 12-
month period.

Further to the launch of the share buy-back program announced on 31 October 2023, AB InBev reports the
purchase of 1,274,177 AB InBev shares in the central order book of Euronext Brussels in the period from 4-Mar-
2024 up to and including 8-Mar-2024. The shares were repurchased at an average price 55.6692 EUR per share
for a total consideration of 70,932,443.90 EUR.

                                                                                                                        Average               Lowest               Highest
      Date of                 Number                 Total amount                       Total amount
                                                                                                                          price                 price                price
    repurchase               of shares                  (EUR)                              (USD)
                                                                                                                         (EUR)                 (EUR)                (EUR)

     4-Mar-24                  329,500              € 18,302,331.22                    $ 19,863,520.07                   55.5458              55.2200              55.8900

     5-Mar-24                  338,000              € 18,733,812.24                    $ 20,316,819.37                   55.4255              55.0600              55.8100

     6-Mar-24                  267,455              € 14,954,853.31                    $ 16,243,961.66                   55.9154              55.5700              56.2100

     7-Mar-24                  319,283              € 17,814,117.21                    $ 19,404,917.88                   55.7941              55.1700              56.2900

     8-Mar-24                   19,939               € 1,127,329.92                     $ 1,232,622.54                   56.5389              56.3100              56.7600

        Total                1,274,177              € 70,932,443.90                    $ 77,061,841.52                   55.6692              55.0600              56.7600



Since the start of the share buy-back program on 13 November 2023, AB InBev has bought back 15,939,970
shares for a total amount of 918,941,447.78 EUR (999,999,953.99 USD) under the share buy-back program. This
corresponds to 0.79% of the total shares outstanding. As a result, the share buy-back program announced on 31
October 2023 has been completed.

The overview relating to the share buy-back program is available on http://www.ab-inbev.com/investors.html.



1
 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.

2
At 31 October 2023 market close, this amount represented 17,632,416 shares. Such number of shares will fluctuate depending on market fluctuations.


    ab-inbev.com                                                                                                                                                                  1
 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®, Stella Artois®
 and Michelob Ultra®; 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 155,000 colleagues based in nearly 50 countries worldwide. For 2023, AB InBev’s
 reported revenue was 59.4 billion USD (excluding JVs and associates).




Anheuser-Busch InBev Contacts
Investors                                                             Media
Shaun Fullalove                                                       Media Relations
Tel: +1 212 573 9287                                                  E-mail: Media.Relations@ab-inbev.com
E-mail: shaun.fullalove@ab-inbev.com

Ekaterina Baillie
Tel: +32 16 276 888
E-mail: ekaterina.baillie@ab-inbev.com

Cyrus Nentin
Tel: +1 646 746 9673
E-mail: cyrus.nentin@ab-inbev.com


12 March 2024
JSE Sponsor: Questco Corporate Advisory Proprietary Limited




 ab-inbev.com                                                                                                                    2