Dividend Declaration

    Anheuser-Busch Announces 11.9 Percent Dividend Increase 
 
    ST. LOUIS, July 26 -- August A. Busch IV, president and chief executive 
officer of Anheuser-Busch Cos. Inc. (NYSE: BUD) today announced that the Board 
of Directors has increased the regular quarterly dividend rate on the company's 
common stock 11.9 percent, to 33 cents from 29 1/2 cents per share payable 
September 10, 2007, to shareholders of record August 9, 2007. This marks the 
company's 31st consecutive year of dividend increases.  
    
    Based in St. Louis, Anheuser-Busch is the leading American brewer, holding 
approximately 50 percent share of U.S. beer sales. The company brews the 
world's largest-selling beers, Budweiser and Bud Light.  Anheuser-Busch also 
owns a 50 percent share in Grupo Modelo, Mexico's leading brewer, and a  
27 percent share in China brewer Tsingtao, whose namesake beer brand is the 
country's best-selling premium beer.  Anheuser-Busch ranked No. 1 among 
beverage companies in FORTUNE Magazine's Most Admired U.S. and Global 
Companies lists in 2007.  Anheuser-Busch is one of the largest theme park 
operators in the United States, is a major manufacturer of aluminum cans and 
one of the world's largest recyclers of aluminum cans. For more information, 
visit http://www.anheuser-busch.com. 
 
SOURCE  Anheuser-Busch Cos. Inc. 
    -0-                             07/26/2007 
    /CONTACT:  Kelli Powers of Anheuser-Busch Cos. Inc., [phone]/ 
    /Web site: http://www.anheuser-busch.com / 
    (BUD) 



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