Anheuser-Busch InBev SA/NV Notice of Redemption (4573F)

TIDM92PG

RNS Number : 4573F

Anheuser-Busch InBev SA/NV

16 November 2020

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014.

ANHEUSER-BUSCH INBEV SA/ NV

Notice of redemption to the holders of (i) the EUR750,000,000 4.00 per cent. Notes due 2021 (ISIN: BE6221503202; Common Code: 063302678) (of which EUR519,372,000 is outstanding) (the "2021 Notes") and (ii) the EUR1,000,000,000 0.800 per cent. Notes due 2023 ( ISIN: BE6276039425; Common Code: 122024393) (of which EUR644,331,000 is outstanding) (the "2023 Notes" and, together with the 2021 Notes, the "Notes")

London, UK: 16 November 2020.

Anheuser-Busch InBev SA/NV (the "Issuer") hereby gives notice of redemption to the holders of the Notes.

2021 Notes

Pursuant to Condition 7.3 (Redemption at the option of the relevant Issuer (Issuer Call)) of the terms and conditions of the 2021 Notes (the "2021 Conditions"), it is exercising its option to redeem in full all of the outstanding 2021 Notes on 3 December 2020 (the "Optional Redemption Date").

Each 2021 Note shall be redeemed at the make whole price in an amount equal to (i) the outstanding principal amount of the relevant 2021 Note; or (ii) if higher, the sum, as determined by the Calculation Agent, of the present values of the remaining scheduled payments of principal and interest on the 2021 Notes to be redeemed (not including any portion of such payments of interest accrued to the date of redemption) discounted to the Optional Redemption Date on an annual basis (assuming a 360-day year consisting of twelve 30-day months) at the rate per annum equal to the equivalent yield to maturity of the Reference Bond, calculated using a price for the Reference Bond (expressed as a percentage of its principal amount) equal to the Reference Bond Price for the Optional Redemption Date plus 22 basis points (the "Optional Redemption Amount"). The Optional Redemption Amount will be based on the Reference Bond Price as fixed on 30 November 2020. Pursuant to Condition 7.10 (Cancellation) of the 2021 Conditions, all 2021 Notes redeemed will be cancelled.

Terms used but not defined in the "2021 Notes" section of this announcement shall have the meanings given to them in the 2021 Conditions.

2023 Notes

Pursuant to Condition 6.3 (Redemption at the option of the Issuer (Issuer Call)) of the terms and conditions of the 2023 Notes (the "2023 Conditions"), it is exercising its option to redeem in full all of the outstanding 2023 Notes on 3 December 2020 (the "Optional Redemption Date").

Each 2023 Note shall be redeemed at the make whole price in an amount equal to (i) the outstanding principal amount of the relevant 2023 Note; or (ii) if higher, the sum, as determined by the Calculation Agent, of the present values of the remaining scheduled payments of principal and interest on the 2023 Notes to be redeemed (not including any portion of such payments of interest accrued to the date of redemption) discounted to the Optional Redemption Date on an annual basis (assuming a 360-day year consisting of twelve 30-day months) at the rate per annum equal to the equivalent yield to maturity of the CA Selected Bond, calculated using a price for the CA Selected Bond (expressed as a percentage of its principal amount) equal to the Reference Bond Price for the Optional Redemption Date plus 15 basis points (the "Optional Redemption Amount"). The Optional Redemption Amount will be based on the Reference Bond Price as fixed on 30 November 2020. Pursuant to Condition 6.7 (Cancellation) of the 2023 Conditions, all 2023 Notes redeemed will be cancelled.

Terms used but not defined in the "2023 Notes" section of this announcement shall have the meanings given to them in the 2023 Conditions.

This announcement is released by the Issuer and contains information in relation to the Notes that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), encompassing information relating to the Notes. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this Notice is made by Daniel Strothe, Global Director (Treasury) of the Issuer.

For further information, holders of the Notes should contact:

Daniel Strothe

Anheuser-Busch InBev SA/NV

+1 646 746 9667

daniel.strothe@ab-inbev.com

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