Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of November, 2024

Commission File No.: 001-37911

 

 

Anheuser-Busch InBev SA/NV

(Translation of registrant’s name into English)

 

 

Brouwerijplein 1

3000 Leuven, Belgium

(Address of principal executive offices )

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒    Form 40-F ☐

THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM F-3 (FILE NO. 333-277873) AND EACH OF THE REGISTRATION STATEMENTS ON FORM S-8 (FILE NO. 333-268582), FORM S-8 (FILE NO. 333-250930), FORM S-8 (FILE NO. 333-237367), FORM S-8 (FILE NO. 333-231556), FORM S-8 (FILE NO. 333-227335), FORM S-8 (FILE NO. 333-172069), FORM S-8 (FILE NO. 333-171231), FORM S-8 (FILE NO. 333-169272), FORM S-8 (FILE NO. 333-165566), FORM S-8 (FILE NO. 333-165065), FORM S-8 (FILE NO. 333-178664), FORM S-8 (FILE NO. 333-188517), FORM S-8 (FILE NO. 333-192806), FORM S-8 (FILE NO. 333-201386), FORM S-8 (FILE NO. 333-208634) AND FORM S-8 (FILE NO. 333-221808) OF ANHEUSER-BUSCH INBEV SA/NV AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.

 

 

 

---

EXHIBIT INDEX

 

Exhibit Number		Description
99.1		Press release issued 12 November 2024 regarding the launch of debt tender offers.

---

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

				ANHEUSER-BUSCH INBEV SA/NV (Registrant)
Dated: November 13, 2024				By:		/s/ Jan Vandermeersch
						Name:		Jan Vandermeersch
						Title:		Global Legal Director Corporate

Exhibit 99.1

 

				Press Release

 

 

 

Brussels – 12 November 2024 – 8:15am CET

AB InBev Launches Cash Tender Offers for up to USD 3 Billion Aggregate Purchase Price of Fourteen Series of USD Notes, Two Series of GBP Notes and One Series of EUR Notes

12 November 2024 – Anheuser-Busch InBev SA/NV (“AB InBev”) (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH) today announced the commencement 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 USD 3 billion (such amount, as the same may be increased or decreased, the “Offer Cap”) of (i) eight series of USD notes issued by ABIWW, four series of USD notes issued by ABIFI, and two series of USD notes issued by ABIWW and ABC (collectively, the “USD Notes”), (ii) two series of GBP notes issued by AB InBev (the “GBP Notes”) and (iii) one series of EUR notes issued by AB InBev (the “EUR Notes” and together with the USD Notes and the GBP Notes, the “Notes”) as described in the table below (the “Tender Offers”).

The Tender Offers are being made upon the terms and subject to the conditions set forth in the offer to purchase dated 12 November 2024 (the “Offer to Purchase”). Terms not defined in this announcement have the meanings given to them in the Offer to Purchase. Copies of the Offer to Purchase are available to holders through the information agent, Global Bondholder Services Corporation, at its website https://gbsc-usa.com/registration/abi or by calling [phone] (toll free) or [phone] (for banks and brokers).

Upon the terms and subject to the conditions set forth in the Offer to Purchase, each of AB InBev, ABIFI, ABIWW and ABC is offering to purchase, up to the Offer Cap, the Notes issued by it set forth in the table below, subject to the Acceptance Priority Levels (as defined below). Notes purchased in the Tender Offers will be retired and cancelled.

 

ab-inbev.com				Press release – 12 November 2024 – 1

---

 

Notes Listed Below Up to the Offer Cap^(a) of $3,000,000,000

 

Title of Notes(f)

ISIN / (if applicable) CUSIP

Outstanding Principal Amount

Maturity Date

Issuer and Offeror

Acceptance Priority Level(b)

Reference Security / Interpolated Mid-Swap Rate(c)

Fixed Spread (basis points)(d)

Early Tender Payment (per $1,000, €1,000 or £1,000, as applicable)(e)

Bloomberg Reference Page

2.850% Notes due 2037

BE6295395956

£248,080,000

May 25, 2037

AB InBev

1

UKT 1.750% due September 7, 2037

25

£30

FIT GLT10-50

3.750% Notes due 2042

US03523TBQ04/ 03523TBQ0

$350,064,000

July 15, 2042

ABIWW

2

UST 4.125% due August 15, 2044

50

$30

PX1

4.000% Notes due 2043

US035242AB27/ 035242AB2

$340,690,000

January 17, 2043

ABIFI

3

UST 4.125% due August 15, 2044

53

$30

PX1

2.250% Notes due 2029

BE6295393936

£336,755,000

May 24, 2029

AB InBev

4

UKT 0.500% due January 31, 2029

15

£30

FIT GLT0-10

2.000% Notes due 2035

BE6301511034

€750,000,000

January 23, 2035

AB InBev

5

Interpolated Mid-Swap Rate

75

€30

IRSB EU (Pricing Source: BGN)

4.350% Notes due 2040

US035240AS95/ 035240AS9

$1,000,000,000

June 1, 2040

ABIWW

6

UST 4.125% due August 15, 2044

50

$30

PX1

4.600% Notes due 2060

US035240AU42/ 035240AU4

$346,700,000

June 1, 2060

ABIWW

7

UST 4.250% due August 15, 2054

61

$30

PX1

4.500% Notes due 2050

US035240AT78 /035240AT7

$1,102,026,000

June 1, 2050

ABIWW

8

UST 4.250% due August 15, 2054

53

$30

PX1

4.600% Notes due 2048

US035240AN09/ 035240AN0

$1,054,703,000

April 15, 2048

ABIWW

9

UST 4.250% due August 15, 2054

61

$30

PX1

4.625% Notes due 2044

US03524BAF31/ 03524BAF3

$850,000,000

February 1, 2044

ABIFI

10

UST 4.125% due August 15, 2044

56

$30

PX1

4.750% Notes due 2058

US035240AP56/ 035240AP5

$980,693,000

April 15, 2058

ABIWW

11

UST 4.250% due August 15, 2054

70

$30

PX1

 

ab-inbev.com				Press release – 12 November 2024 – 2

---

 

4.375% Notes due 2038

US035240AM26/ 035240AM2

$1,500,000,000

April 15, 2038

ABIWW

12

UST 4.250% due November 15, 2034

75

$30

PX1

4.900% Notes due 2046

US03522AAJ97/ 03522AAJ9   144A: US03522AAF75/ 03522AAF7   Reg S: USU00323AF97/ U00323AF9

$9,542,514,000(g)

February 1, 2046

ABIWW and ABC

13

UST 4.125% due August 15, 2044

69

$30

PX1

4.900% Notes due 2046

US035242AN64/ 035242AN6

$1,457,486,000

February 1, 2046

ABIFI

14

UST 4.125% due August 15, 2044

69

$30

PX1

3.500% Notes due 2030

US035240AV25/ 035240AV2

$1,750,000,000

June 1, 2030

ABIWW

15

UST 4.125% due October 31, 2029

39

$30

PX1

4.700% Notes due 2036

US03522AAH32/ 03522AAH3   144A: US03522AAE01/ 03522AAE0   Reg S: USU00323AE23/ U00323AE2

$5,385,495,000(h)

February 1, 2036

ABIWW and ABC

16

UST 4.250% due November 15, 2034

67

$30

PX1

4.700% Notes due 2036

US035242AM81/ 035242AM8

$614,505,000

February 1, 2036

ABIFI

17

UST 4.250% due November 15, 2034

67

$30

PX1

 

(a)	The offers with respect to the Notes are subject to an Offer Cap equal to an aggregate purchase price (excluding accrued interest) of up to $3,000,000,000, subject to the terms and conditions described in the Offer to Purchase.

(b)

We will accept Notes in the order of their respective Acceptance Priority Level specified in the table above (each, an “Acceptance Priority Level”, with “1” being the highest Acceptance Priority Level and “17” being the lowest Acceptance Priority Level), subject to the terms and conditions described in the Offer to Purchase.

(c)

The applicable Reference Security will be used to calculate the applicable Total Consideration (as defined below) payable for each series of GBP Notes and USD Notes, and the Interpolated Mid-Swap Rate will be used to calculate the applicable Total Consideration payable for the EUR Notes. The Total Consideration payable pursuant to the Tender Offers will be calculated and determined as set forth in the Offer to Purchase

(d)

The applicable Fixed Spread will be used to calculate the applicable Total Consideration payable for each series of Notes, which already includes the Early Tender Payment. The Total Consideration payable pursuant to the Tender Offers will be calculated and determined as set forth in the Offer to Purchase.

(e)

Payable in cash per each $1,000, €1,000 or £1,000 principal amount, as applicable, of the specified series of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time and accepted for purchase. The Total Consideration, when calculated and determined in the manner set forth in the Offer to Purchase, already includes the Early Tender Payment.

(f)	The GBP Notes and EUR Notes are fully and unconditionally guaranteed by ABC, ABIWW, ABIFI, Brandbev S.à r.l., Brandbrew S.A. and Cobrew NV (the “Guarantors”). The USD Notes are fully and unconditionally guaranteed by AB InBev and certain of its direct and indirect subsidiaries.

 

ab-inbev.com				Press release – 12 November 2024 – 3

---

 

(g)

The $9,542,514,000 aggregate outstanding principal amount of 4.900% Notes due 2046 issued by ABIWW and ABC consists of (i) $9,518,964,000 outstanding principal amount of 4.900% Notes due 2046 issued by ABIWW and ABC (US03522AAJ97/03522AAJ9) and (ii) $23,550,000 outstanding principal amount of 4.900% Notes due 2046 issued by ABIWW and ABC (144A: US03522AAF75/03522AAF7 & Reg S: USU00323AF97/U00323AF9).

 

(h)

The $5,385,495,000 aggregate outstanding principal amount of 4.700% Notes due 2036 issued by ABIWW and ABC consists of (i) $5,341,555,000 outstanding principal amount of 4.700% Notes due 2036 issued by ABIWW and ABC (US03522AAH32/03522AAH3) and (ii) $43,940,000 outstanding principal amount of 4.700% Notes due 2036 issued by ABIWW and ABC (144A: US03522AAE01/03522AAE0 & Reg S: USU00323AE23/U00323AE2).

The Tender Offers for the Notes will expire at 5:00 p.m., New York City time, on 11 December 2024 (the “Expiration Time”) unless a Tender Offer with respect to one or more series of Notes is earlier terminated, or, in each case, any other date and time to which the Companies extend the applicable Tender Offer. Holders must validly tender their Notes prior to 5:00 p.m., New York City time, on 25 November 2024 (such date and time, as it may be extended with respect to a series of Notes, the “Early Tender Time”), to be eligible to receive the applicable Total Consideration (as defined below) which already includes an amount in cash (the “Early Tender Payment”) equal to the applicable amount set forth in the table above under the heading “Early Tender Payment”, plus accrued interest. If Holders validly tender their Notes after the Early Tender Time but at or prior to the applicable Expiration Time, Holders will only be eligible to receive the applicable Tender Offer Consideration plus accrued interest.

Notes tendered may be withdrawn at any time prior to, but not after, 5:00 p.m., New York City time, on 25 November 2024 (such date and time, as it may be extended with respect to a series of Notes, the “Withdrawal Deadline”). The Tender Offers are subject to the satisfaction of certain conditions, as set forth in the Offer to Purchase.

The Companies will only accept for purchase Notes up to an aggregate purchase price (excluding accrued interest) that will not exceed the Offer Cap. To determine whether the Offer Cap has been reached, the Companies will first convert the aggregate purchase price for the EUR Notes and GBP Notes validly tendered into U.S. Dollars in the manner described in the Offer to Purchase. Subject to applicable law, the Companies reserve the right, but are under no obligation, to increase or decrease the Offer Cap in respect of the Tender Offers at any time (without extending the Withdrawal Deadline or otherwise reinstating withdrawal rights of Holders), which could result in the Companies purchasing a greater aggregate principal amount of Notes in the Tender Offers. As more fully described in the Offer to Purchase, if the aggregate purchase price for the Notes validly tendered prior to the Early Tender Time exceeds the Offer Cap, the Companies intend (but are not obligated) to increase the Offer Cap by some or all of the amount of such excess, provided it will not be increased by more than $500,000,000 to a maximum amount of $3,500,000,000.

The purchase of any series of Notes is not conditioned upon the purchase of any other series of Notes. Any Notes validly tendered and not validly withdrawn in the Tender Offers and accepted for purchase will be purchased by the Companies based on the Offer Cap and the acceptance priority levels noted above (the “Acceptance Priority Levels”), each as more fully described in the Offer to Purchase. If the purchase of all validly tendered Notes would result in an aggregate purchase price greater than the Offer Cap, then the Tender Offers will be oversubscribed and if the Companies accept Notes in the Tender Offers, any Notes accepted for purchase in the lowest Acceptance Priority Level in which Notes are accepted for purchase will be accepted for tender on a prorated basis. For the avoidance of doubt, Notes tendered prior to or at the Early Tender Time will have priority over Notes tendered after the Early Tender Time, regardless of the Acceptance Priority Levels. If the Offer Cap is reached at the Early Tender Time, then no Notes tendered after the Early Tender Time will be purchased, unless the Companies increase the Offer Cap.

Holders of Notes that are validly tendered and not validly withdrawn at or prior to the Early Tender Time and that are accepted for purchase will receive the applicable “Total Consideration”, which already includes the Early Tender Payment for the applicable series of Notes set forth in the table above.

Holders of any Notes that are validly tendered after the Early Tender Time but at or before the Expiration Time and that are accepted for purchase will receive the applicable Total Consideration minus the Early Tender Payment. The Total Consideration minus the Early Tender Payment is referred to as the “Tender Offer Consideration”.

 

ab-inbev.com				Press release – 12 November 2024 – 4

---

 

Holders are advised to check with any bank, securities broker or other intermediary through which they hold their Notes as to when such intermediary needs to receive instructions from a holder in order for that holder to be able to participate in the Tender Offers before the deadlines specified herein and in the Offer to Purchase. The deadlines set by the clearing system for the submission and withdrawal of tender instructions will also be earlier than the relevant deadlines specified herein and in the Offer to Purchase.

Holders holding EUR Notes or GBP Notes directly in the NBB-SSS or through a direct participant of the NBB-SSS (other than Euroclear or Clearstream, Luxembourg) must, in order to be eligible to participate in the Tender Offers in the manner specified in the Offer to Purchase, (i) arrange for the EUR Notes or GBP Notes which they wish to tender to be transferred to an account in either Euroclear or Clearstream, Luxembourg, and (ii) maintain, or where relevant, procure, access to an account in either Euroclear or Clearstream, Luxembourg through which such EUR Notes or GBP Notes can be traded, and to which the Total Consideration or the Tender Offer Consideration (as applicable) and the applicable accrued interest payment may be credited by AB InBev.

Holders of EUR Notes or GBP Notes who do not have access to an account, as described above, in either Euroclear or Clearstream, Luxembourg (either directly or through a direct participant or other intermediary), or who do not transfer the EUR Notes or GBP Notes which they wish to tender to a direct participant in either clearing system, will not be able to submit a EUR/GBP Tender Instruction (as defined in the Offer to Purchase) to the Tender and Information Agent and will not be eligible to participate in the Tender Offers in the manner specified in the Offer to Purchase.

Any Holder of EUR Notes or GBP Notes who (i) holds its EUR Notes or GBP Notes directly, or through a direct participant of the NBB-SSS, in a non-exempt securities account (an “N-Account”) within the NBB-SSS, (ii) is not eligible, in accordance with Article 4 of the Belgian Royal Decree of 26 May 1994, to hold its Notes (directly or indirectly) in an exempt securities account (an “X-Account”) within the NBB-SSS, and who is therefore unable to transfer the relevant Notes to an account in either Euroclear or Clearstream, Luxembourg and (iii) who is eligible to view the Offer to Purchase and make an investment decision with respect to the Tender Offers, may contact the Tender and Information Agent for further information, using the contact details set out below.

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

 

ab-inbev.com				Press release – 12 November 2024 – 5

---

 

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

 

BNP Paribas Securities Corp.   787 Seventh Avenue New York, NY 10019 United States of America   Attention: Liability Management Group Collect: [phone] Toll-Free: [phone] Email: dl.us.liability.management @us.bnpparibas.com		BofA Securities   620 S Tryon Street, 20th Floor Charlotte North Carolina 28255 United States of America   Attention: Liability Management Group Collect: [phone] Toll-Free: [phone] Email: [e-mail]   In Europe: Telephone: [phone] Email: [e-mail]		Deutsche Bank Aktiengesellschaft   Mainzer Landstraße 11-17 60329 Frankfurt am Main Germany   Attention: Liability Management Group Telephone: [phone]		Deutsche Bank Securities   1 Columbus Circle New York, NY 10019 United States of America   Attention: Liability Management Group Toll free: [phone] Collect: [phone]

 

J.P. Morgan SE   Taunustor 1 (TaunusTurm) 60310 Frankfurt am Main Germany   Attention: Liability Management Collect: [phone] Email: Liability_Management_EMEA @jpmorgan.com		J.P. Morgan Securities LLC   383 Madison Avenue New York, NY 10179 United States of America   Attention: Liability Management Group Collect: [phone] Toll-Free: [phone]		Santander US Capital Markets LLC   437 Madison Avenue 10th Floor New York, NY 10022 United States of America   Attention: Liability Management Group Fax: [phone] Toll: [phone] Toll-Free: [phone] Email: [e-mail]

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: [phone]

All Others Please Call Toll-Free: [phone]

Fax: [phone] or [phone]

E-mail: [e-mail]

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

 

ab-inbev.com				Press release – 12 November 2024 – 6

---

 

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 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 (as amended, 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 and may only be acted upon by: (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 (as amended, 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 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.

 

ab-inbev.com				Press release – 12 November 2024 – 7

---

 

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 the EUR Notes; or

 

(ii)	a Holder of the GBP 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 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.

 

ab-inbev.com				Press release – 12 November 2024 – 8

---

 

AB InBev Contacts

 

 

Investors		Media
Shaun Fullalove		Media Relations
E-mail: [e-mail]		E-mail: [e-mail]
Ekaterina Baillie
E-mail: [e-mail]
Cyrus Nentin
E-mail: [e-mail]
Fixed Income Investors
Patrick Ryan
E-mail: [e-mail]

 

About 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).

 

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 11 March 2024. Many of these risks and uncertainties are, and will be, exacerbated by any further worsening of the global business and economic environment, including as a result of the ongoing conflicts in Russia and Ukraine and in the Middle East, including the conflict in the Red Sea. 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 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.

 

ab-inbev.com				Press release – 12 November 2024 – 9

---