<SEC-DOCUMENT>0001292814-20-003223.txt : 20200821
<SEC-HEADER>0001292814-20-003223.hdr.sgml : 20200821
<ACCEPTANCE-DATETIME>20200820182828
ACCESSION NUMBER:		0001292814-20-003223
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200930
FILED AS OF DATE:		20200821
DATE AS OF CHANGE:		20200820

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMBEV S.A.
		CENTRAL INDEX KEY:			0001565025
		STANDARD INDUSTRIAL CLASSIFICATION:	BEVERAGES [2080]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36165
		FILM NUMBER:		201121081

	BUSINESS ADDRESS:	
		STREET 1:		RUA DR. RENATO PAES DE BARROS, 1017
		STREET 2:		3 ANDAR PARTE
		CITY:			SAO PAULO
		STATE:			D5
		ZIP:			04530-000
		BUSINESS PHONE:		55(11)2122-1414

	MAIL ADDRESS:	
		STREET 1:		RUA DR. RENATO PAES DE BARROS, 1017
		STREET 2:		3 ANDAR PARTE
		CITY:			SAO PAULO
		STATE:			D5
		ZIP:			04530-000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	InBev Corporate Holdings Inc.
		DATE OF NAME CHANGE:	20121219
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ambevsa20200820_6k.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Report of Foreign Private Issuer<BR>
Pursuant to Rule 13a-16 or 15d-16 of the</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Securities Exchange Act of 1934</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>For the month of August, 2020</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Commission File Number 1565025</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AMBEV S.A.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified in its
charter)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AMBEV S.A.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Translation of Registrant's name into English)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Rua Dr. Renato Paes de Barros, 1017 - 3rd
Floor<BR>
04530-000 S&atilde;o Paulo, SP<BR>
Federative Republic of Brazil</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of principal executive office)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">Indicate by check mark whether the registrant
files or will file annual reports under cover Form 20-F or Form 40-F.&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><BR>
Form 20-F ___X___ Form 40-F _______</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;Indicate by check mark whether the registrant by furnishing
the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b)
under the Securities Exchange Act of 1934.&nbsp;&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Yes _______ No ___X____</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>________________________________________________</B></P>

<P STYLE="font: 14pt Verdana, Helvetica, Sans-Serif; margin: 0.25in 0 12pt; text-align: center"><B>ANTI-CORRUPTION POLICY</B></P>

<P STYLE="font: 14pt Verdana, Helvetica, Sans-Serif; margin: 0.25in 0 12pt; text-align: center"><B>AMBEV S.A.</B></P>

<P STYLE="font: 14pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>________________________________________________</B></P>

<P STYLE="font: small-caps bold 12pt Verdana, Helvetica, Sans-Serif; margin: 12pt 0 0.25in 23.75pt; text-indent: -23.75pt">&nbsp;</P>

<P STYLE="font: small-caps bold 12pt Verdana, Helvetica, Sans-Serif; margin: 12pt 0 0.25in 23.75pt; text-indent: -23.75pt">&nbsp;</P>

<P STYLE="font: small-caps bold 12pt Verdana, Helvetica, Sans-Serif; margin: 12pt 0 0.25in 23.75pt; text-indent: -23.75pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 12pt Verdana, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 0.25in; text-align: center"><B><U>TABLE OF CONTENTS</U></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 91%; padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>1.</B></FONT>&#9;<FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>INTRODUCTION</B></FONT></TD>
    <TD STYLE="text-align: right; width: 9%; padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>3</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>2.</B></FONT>&#9;<FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>PURPOSE AND SCOPE</B></FONT></TD>
    <TD STYLE="text-align: right; padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>3</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>3.</B></FONT>&#9;<FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>DEFINITIONS</B></FONT></TD>
    <TD STYLE="text-align: right; padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>4</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>4. </B></FONT>&#9;<FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>ANTI-CORRUPTION POLICY</B></FONT></TD>
    <TD STYLE="text-align: right; padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>5</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>5.</B></FONT>&#9;<FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>GIFTS, GIVEAWAYS, ENTERTAINMENT, MEALS AND TRAVEL EXPENSES FOR PUBLIC OFFICIALS</B></FONT></TD>
    <TD STYLE="text-align: right; padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>7</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>6.</B></FONT> &#9;<FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>DONATIONS FOR NONPROFIT INSTITUTIONS</B></FONT></TD>
    <TD STYLE="text-align: right; padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>10</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>7.</B></FONT>&#9;<FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>DONATIONS AND CONTRIBUTIONS TO POLITICAL PARTIES AND ELECTION CAMPAIGNS</B></FONT></TD>
    <TD STYLE="text-align: right; padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>10</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>8.</B></FONT>&#9;<FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>CONTRACTING OF INTERMEDIARIES AND FORMER PUBLIC OFFICIALS</B></FONT></TD>
    <TD STYLE="text-align: right; padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>11</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>9.</B></FONT>&#9;<FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>CONTRACTING WITH PUBLIC ENTITIES </B></FONT></TD>
    <TD STYLE="text-align: right; padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>12</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>10.</B></FONT>&#9;<FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>ACCOUNTING RECORDS</B></FONT></TD>
    <TD STYLE="text-align: right; padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>12</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>11.</B></FONT>&#9;<FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>MANDATORY NATURE AND VIOLATIONS</B></FONT></TD>
    <TD STYLE="text-align: right; padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>13</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>12.</B></FONT>&#9;<FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>COMPLIANCE CHANNEL AND OMBUDSMAN</B></FONT></TD>
    <TD STYLE="text-align: right; padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>13</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0">ANNEX I &ndash; FLOW OF APPROVAL OF GIFTS, ENTERTAINMENT, MEALS
AND TRAVEL EXPENSES FOR PUBLIC OFFICIALS</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0">ANNEX II &ndash; CONTRACTING OF INTERMEDIARIES</P>

<P STYLE="font: bold 12pt Verdana, Helvetica, Sans-Serif; margin: 12pt 0 3pt"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>

<P STYLE="font: 12pt Verdana, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 11pt Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD>INTRODUCTION</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Compliance Program
of Ambev reflects the culture of integrity and compliance with national and international laws to which Ambev and its subsidiaries
in Brazil and abroad (&quot;Ambev&quot;) are subject. The provisions contained in this Anti-corruption Policy (the &quot;Policy&quot;)
are intended to maintain the highest standards of business ethics, reinforcing our policy of zero tolerance to corruption.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 11pt Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD>PURPOSE AND SCOPE</TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Ambev expects its directors,
officers, employees (in conjunction or separately, &quot;Employees&quot;) and Intermediaries, as defined below, to comply with
the Code of Business Conduct (&ldquo;Code of Conduct&rdquo;) and applicable laws, as well as to maintain the highest standards
of business ethics.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Therefore, this policy
complements the general provisions of the Code of Conduct and was developed to assist all Employees in complying with Law no. 12,846/2013
(Brazilian Anti-corruption Law) and its regulations, the US Foreign Corrupt Practices Act (FCPA) and other national and international
anti-bribery and anti-corruption laws applicable to Ambev (in conjunction, &quot;Anti-corruption Laws&quot;).</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 2.45pt 0 0; text-align: justify; text-indent: 35.45pt">This Policy
applies, without distinction, to all Employees of Ambev, and to all transactions to which Ambev is part, whether in Brazil or abroad,
further expressing the principles that the subjects and entities acting on our behalf, especially the Intermediaries, are expected
to follow.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 2.45pt 0 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 11pt Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.</TD><TD>DEFINITIONS</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>3.1 Ambev: </B>Ambev S.A. and its subsidiaries.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>3.2 Compliance Area: </B>Compliance Area
of Ambev.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>3.3 Public Official: </B>anyone who, even
temporarily or without remuneration, holds, in Brazil or abroad, a position, job or public function in government bodies or entities
or in diplomatic representations, as well as in legal entities controlled, directly or indirectly, by the public power or in international
public organizations.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.55pt">Examples of public officials
include (i) officers/employees of Federal, State and Municipal Executive, Legislative and Judiciary branches, (ii) officers/employees
of government bodies (including regulatory and executive agencies) and state-owned companies, (iii) diplomats, including ambassadors,
consuls and chancellors; (iv) members of the Military Polices and Military Fire Brigades, among others.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.55pt">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.55pt">For the purposes of this
Policy, are also considered as Public Officials (i) political parties, their members, employees, agents or anyone acting in the
name of or on the behalf of a political party, (ii) candidates to political or elective position; and (iii) any private person
acting in an official capacity in the name of or on the behalf of one of the persons or entities listed above.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>3.4 Intermediaries: </B>any Ambev representative
and/or contractor who has or may come to have contact with public bodies and/or Public Officials on the behalf and/or in the interest
or benefit of Ambev, or that represents or may come to represent Ambev before public bodies and/or Public Officials, such as:</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Consulting companies;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Brokers and customs
brokers;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Event producers;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Law firms;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Tax consultants;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Marketing and event
companies;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Proponents of incentive
events;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Contractors and consultants
linked to the expansion/legalization of manufacturing and business activities.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>3.5 Undue Advantage: </B>the definition
of Undue Advantage shall be construed broadly and may include tangible and intangible assets, such as:</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Payments or donations
in products or money;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Giveaways or gifts;
</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Tickets for shows and
events;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Travels, airfare, lodging
or meals;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Free provision of products
or with special discounts;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Job offer to a Public
Official or to people close him/her. </FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">The offer of tangible or intangible assets
(such as described above) that observe items 4 and 5 and its subitems of this Policy, thus preserving compliance with the Anti-corruption
Laws, does not constitute Undue Advantage.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 11pt Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.</TD><TD>ANTI-CORRUPTION POLICY</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Ambev's policy is <B>zero
tolerance to corruption activities</B>. To promise, offer or give Undue Advantage to Public Officials or third-parties related
thereto, customers or suppliers, as well as frustrate, defraud or manipulate public bidding procedures and/or public contracts
is strictly <U>prohibited</U> and liable to personal liability under Anti-corruption Laws, in addition to the sanctions applicable
by the Company.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">It should be borne in
mind that anything this Policy prohibits to be done directly is also prohibited to be done indirectly (through third-parties).</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">No Employee or Intermediary
will suffer adverse consequences for refusing to (i) offer, promise, pay, give or authorize a payment, advantage, reward or undue
or unlawful benefit, or (ii) frustrate, defraud or manipulate public bidding procedures and/or public contracts, even if this results
in the loss of business opportunities for Ambev.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>4.1</B></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>Undue
Advantage</B></FONT></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Ambev Employees and Intermediaries
are strictly <U>prohibited</U> from directly or indirectly promising, offering or giving Undue Advantage, regardless of amount,
to any Public Official or third-party related thereto (is also prohibited to give, offer or promise Undue Advantage to a third-party
that we have reason to believe is receiving<BR>
Undue Advantage on the behalf of a Public Official).</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">Important:
this prohibition also applies to small payments that may be requested by a Public Official with the purpose of expediting or ensuring
the performance of a non-discretionary procedure or action (&quot;facilitating payments&quot;).</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">In order to enforce this
rule, <B>any tangible or intangible asset to be promised, offered, paid, given or donated to any Public Official or public body
shall be <U>approved</U> by the <U>Compliance Area</U></B>, as per item 5 of this Policy.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">Likewise,
Ambev Employees and Intermediaries are strictly prohibited from directly or indirectly asking, requesting, agreeing to receive
or accepting bribes, kickbacks, influence payments, benefits or undue or unlawful advantages, as well as any type of favor or special
treatment.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>4.2</B></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>Public
biddings and contracts</B></FONT></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">In
relation to public biddings and contracts, Ambev Employees and Intermediaries are strictly <U>prohibited</U> from (i) frustrating
or defrauding the competitive nature of a public bidding procedure; (ii) preventing, disturbing or defrauding the performance of
any act of a public bidding procedure; (iii) removing or seeking to remove a bidder by means of fraud or offer of any advantage;
(iv) defrauding a public bidding or any contract arising therefrom; (v) creating, fraudulently or irregularly, a legal entity to
participate in a public bidding or enter into an administrative contract; (vi) obtaining undue advantage or benefit, fraudulently,
from amendments or extensions of contracts entered into with the public administration, without authorization by law, in the invitation
to public bidding or in the corresponding contractual instruments; or (vii) manipulating or defrauding the economic-financial balance
of the contracts entered into with the public administration.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">In order to enforce this
rule, <B>any contracting involving a public entity, even if indirectly, shall be submitted to prior <U>assessment</U> by the <U>Compliance
Area and the Legal Department</U>, </B>as per item 9 of this Policy.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 11pt Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.</TD><TD>GIFTS, GIVEAWAYS, ENTERTAINMENT, MEALS AND TRAVEL EXPENSES FOR PUBLIC OFFICIALS</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Employees and Intermediaries
are <U>prohibited</U> from promising, offering or giving any gift, giveaway, entertainment, meal, payment of travel expenses or
other type of hospitality (in conjunction &quot;Donation&quot;) to any Public Official or body <U>without prior approval from the
Compliance Area</U>.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">For further information
on the flow for approval of Donations to Public Officials and bodies by the Compliance Area, refer to <U>Annex I</U> of this Policy.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Compliance Area (and
Ambev S.A. Board of Directors, whenever applicable) will only authorize Donations to Public Officials or bodies that are:</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 11pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Intended for legitimate
and adequate purposes, linked to the Company's core activity; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 11pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Not linked to any intended
retribution or return related to the Donation;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 11pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Limited and reasonable
in value, type and amount;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 11pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Allowed by the internal
rules of the organization receiving the Donation;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 11pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Openly delivered to
the receiving party (instead of in a secret way); </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 11pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Not embarrassing to
Ambev if publicly disclosed; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 11pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Not contrary to or in
breach of Anti-corruption Laws, any applicable laws or of the rules and procedures set out in this Policy.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">The rules of this Policy
regarding Donations to Public Officials and bodies apply to the Intermediaries when they are acting in the name of or on the behalf
of Ambev. Donations to Public Officials or bodies requested or suggested by Intermediaries without formal request from the Public
Official/body are prohibited.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">The relevant supporting
documents shall be issued for all expenses incurred with Donations to Public Officials. Such expenses shall be accurately identified
and have their supporting documentation (receipts, invoices etc.) duly filed and recorded in the accounting books and records of
the Company, as described in item 10 of this Policy, as well as duly recorded in the Compliance Channel.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">These rules apply to all
situations described in items 5.1 to 5.4 below.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0.5in 0 0; text-align: justify"><B>5.1 Gifts </B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Employees and Intermediaries
are prohibited from promising, offering or giving any gift to any Public Official or body without <U>prior approval</U> from the
Compliance Area.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="background-color: white">Gifts
to Public Officials are only allowed when (i) they have a nature of a giveaway without commercial value, or they are giveaways
generally distributed for courtesy, advertising or promotion purposes or on the occasion of special events or commemorative dates,
provided their value do not exceed the amount determined by the </FONT>Ethics Committee<FONT STYLE="background-color: white">;
and (ii) their delivery is not prohibited by the Anti-corruption Laws.</FONT></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 35.45pt">Gifts, including donation
of products, are allowed for public bodies (legal entities) in the maximum <FONT STYLE="background-color: white">amount determined
by the </FONT>Ethics Committee.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Gifts in cash or cash
equivalents (such as gift cards or certificates) are prohibited.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Gifts in amounts lower
than the reference values do not exempt the solicitor from the prior opening of the request in the Compliance Channel.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Any exception to the rules
of this item 5.1, including requests exceeding the reference values, shall be previously approved, <I>ad referendum</I>, by the
Compliance Director of the Ethics Committee.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>5.2 Entertainment </B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Due to the market segment
in which we operate, events are legitimate means for Ambev to promote and give visibility to its business, either through its own
events or through sponsorship of third-party events. In this context, Ambev may offer entertainment, such as tickets for events
held or sponsored by the Company, in order to promote and give visibility to its practices and its business to third-parties.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Notwithstanding the provision
above, Employees and Intermediaries are prohibited from promising, offering or providing any entertainment to any Public Official
or body without <U>prior approval</U> from the Compliance Area.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Entertainment may only
be offered or provided to a Public Official in compliance with the foregoing <FONT STYLE="background-color: white">and when the
Public Official is to <B>represent an institution</B> in such event,</FONT> being recommended the presence of at least one Ambev
Employee in any entertainment provided by the Company.</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="background-color: white"><B>The
provision of entertainment by the Company is not allowed to accompanying persons or guests of the Public Official</B>,</FONT> nor
will it be approved in case of possible negative exposure for the Company.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Any exception to the rules
of this item 5.2 shall be previously approved, <I>ad referendum</I>, by the Compliance Director of the Ethics Committee.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>5.3 Meals</B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">In
the context of conduction of our business, meals with third-parties related to our activities may occur.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Meals may only be offered
or paid to Public Officials <FONT STYLE="background-color: white">when the matter to be discussed is related to the <B>institutional
roles of such Public Official</B></FONT>, and <FONT STYLE="background-color: white"><B>at least one Ambev Employee shall be present</B></FONT>.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">The maximum amount to
be offered to a Public Official shall be determined by the Ethics Committee, <FONT STYLE="background-color: white">provided it
does not involve luxury items (such as overly expensive drinks and food)</FONT>. <FONT STYLE="background-color: white"><B>The payment
of meals is not allowed to accompanying persons or guests of the Public Official.</B></FONT></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">Meals
offered to Public Officials within the value limit described in the paragraph above shall be notified to the Compliance Area within
one (1) business day from the date of the meal, following the same procedure described in Annex I to this Policy. Meals exceeding
the value limit described in the paragraph above shall be previously authorized by the Compliance Area, even though the amount
effectively spent on the meal is subsequently updated.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Any exception to the rules
of this item 5.3 shall be approved, <I>ad referendum</I>, by the Compliance Director of the Ethics Committee.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>5.4 Travel expenses </B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 42.55pt">Employees and Intermediaries
are prohibited from promising, offering or paying any travel expense for or on the behalf of any Public Official, including transportation,
meals and lodging, without <U>prior approval</U> from the Compliance Area.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 42.55pt">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 42.55pt">Payments of travel expenses
for Public Officials are authorized if the event giving reason to the travel, such as seminars, conferences, visitations and technical
meetings, <FONT STYLE="background-color: white">is directly related to the promotion of products and/or initiatives of the Company
or to the execution of a contract, provided such event is related to the duties of the position or job of the Public Official</FONT>.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">The
invitation to take part in the events described here shall be sent to the highest authority of the body or entity or to any other
body or authority designated thereby, which will appoint, in case of acceptance, the appropriate representative, in view of the
nature and the matter to be discussed in the event.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 42.55pt">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Travel expenses are paid
only if:</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 11pt">&#183;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.5in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">the
travel has a legitimate business purpose; </FONT></TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 11pt">&#183;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.5in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">the
cost is reasonable and in accordance with the Company's policies;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 11pt">&#183;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.5in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">no
guest and/or member of the Public Official's family is traveling at the Company's expenses; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 11pt">&#183;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.5in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">there
are no planned stops that are not directly related to the business purpose of the travel, unless the additional expenses arising
from such stops are borne by the Public Official and not by the Company.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Expenses above what would
be deemed reasonably necessary for the business purpose, including luxury accommodations or expenses with accompanying persons,
or that are not in accordance with the Company's internal policies, are not approved.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">The
payment of daily expenses (defined as fixed payments to a person intended to cover the expenses in a certain day, regardless of
the nature and extent of the expenses effectively incurred on that day) is prohibited, unless required by applicable law or previously
agreed in writing with the organization of the Public Official. <FONT STYLE="background-color: white">The payment of remuneration
to the Public Officials due to their participation in any event is prohibited. </FONT></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">In order to avoid misappropriations,
whenever possible the expenses shall be paid directly by the Company (for example, airfares shall be paid directly to the travel
agency or to the airline company).</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Any exception to the rules
of this item 5.4 shall be approved, <I>ad referendum</I>, by the Compliance Director of the Ethics Committee.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 11pt Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.</TD><TD>DONATIONS FOR NONPROFIT INSTITUTIONS</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Donations to nonprofit
institutions or organizations shall be previously approved by the Compliance Area and the institution receiving the donation shall
expressly agree with the compliance of item 4 of this Anti-corruption Policy.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">In case the donation is
requested by a Public Official, the following rules shall also be observed:</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 11pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">not be made as part
of an exchange of favors with a Public Official;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 11pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">it shall not be paid
in cash;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 11pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">it shall not be paid
to a private or individual account or to a for-profit organization;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 11pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">it shall not be equivalent
to a political contribution; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 11pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">it shall be transparent
with regards to the identity of the receiving party, the amount and the intended purpose.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">The request shall be denied
in case the Public Official promises any benefit or make any threat in relation to the donation request.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Employee in charge
of the donation is responsible for monitoring the donations. Such monitoring may include requests for audited financial statements
or the confirmation with the receiving party that the funds donated by Ambev were appropriately used.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">All expenses shall have
supporting documentation (receipts, invoices etc.) duly filed and recorded in the financial statements of the Company. The expenses
shall be recorded in the Institutional Package.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 11pt Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">7.</TD><TD STYLE="text-align: justify">CONTRIBUTIONS TO POLITICAL PARTIES AND ELECTION CAMPAIGNS</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">In countries where political
contributions are allowed, any direct or indirect contribution by Ambev to any political party, campaign committee or candidate
to a public office shall <U>only</U> be made upon <U>prior</U> approval from the Board of Directors of Ambev S.A.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">This way, any Employee
who wishes to personally make donations and/or contributions to political parties and election campaigns shall bear all related
costs and expenses. No reimbursement related to these costs and expenses may be requested or conducted by the Company.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 11pt Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">8.</TD><TD STYLE="text-align: justify">CONTRACTING OF INTERMEDIARIES AND FORMER PUBLIC OFFICIALS</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0"><B>8.1 Contracting of Intermediaries</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Ambev regularly contracts
Intermediaries, as defined in item 3 of this Policy. As they are able to interact with Public Officials on the behalf of Ambev
or during the provision of services to Ambev, <B>it is expressly prohibited to contract or maintain Intermediaries, even in an
eventual basis, without prior and periodic assessment by the Compliance Area.</B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Ethics Committee and
the Compliance Area are responsible for identifying which third-parties are deemed as Intermediaries.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">For the procedure to assess
Intermediaries, refer to Annex II of this Policy.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">That said:</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 11pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">All payments made to
Intermediaries shall be backed by a formal contract or a legitimate document so as to prove the destination of the payment and
shall be regularly accounted for so as to faithfully reflect its nature and purpose;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 11pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">These contracts shall
be clear and accurate with regards to the scope, the goods or services to be delivered by the Intermediary and the remuneration,
and shall have a specific clause that obligates the contracted party to comply with the applicable Anti-corruption Laws, with any
default leading to termination of the agreement by the Company;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 11pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">No payment shall be
done or promised to an Intermediary, except in exchange for legitimate goods or services; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 11pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Any payment made shall
not exceed the fair market value of the legitimate goods or services received;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 11pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Intermediaries shall
comply with applicable Anti-corruption Laws and all Ambev policies and standards applicable to Intermediaries, and maintain the
highest ethical standards of business conduct.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0.5in 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Notwithstanding the previous
validation by the Compliance Area, <B>the Employees shall be alert to any &quot;red flags&quot; that may arise</B>. It is the Employee's</P>


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<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">responsibility to immediately notify to the
Compliance Area any noncompliance or suspected noncompliance by the Intermediary to this Policy or to the applicable Anti-corruption
Laws.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>8.2 Contracting of Former Public Official</B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">The direct or indirect
contracting or election by Ambev of any former Public Official as an Employee or Intermediary shall only occur after 180 days from
the date of such Public Official dismissal or after the period set out by the applicable law, whichever is greater.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 11pt Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">9.</TD><TD>CONTRACTING WITH PUBLIC ENTITIES</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-weight: normal">Any
contracting involving a public entity, even if indirectly, shall be submitted to prior assessment by the Compliance Area and the
Legal Department via Compliance Channel. The requesting Employee shall submit, with appropriate prior notice, all information available
with respect to the object of the contract and the bidding procedure to be adopted, as well as any justifications for the waiver
or non-requirement of a bid.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-weight: normal">It
is strictly prohibited to discuss prices, offers, conditions or proposals with other interested parties, potential interested parties
or participants in any biddings that Ambev is participating or intends to participate, whether or not they are from the beverage
sector, as well as take any measure that may affect the participation of third parties or impair the competitive nature of the
bidding process (such as assisting or directing the preparation and/or specification of notices, or dismissing the bidder through
fraud or offering of an advantage of any kind).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 11pt Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">10.</TD><TD>ACCOUNTING RECORDS</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Employees shall always
act so as to ensure that the Company's financial statements, its books and records represent all transactions and operations of
the Company in a precise, clear, complete and properly detailed manner.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">All transactions shall
be recorded and managed in accordance with the Company's accounting policy and with other policies of the Finance Department, including
those related to budget, as follows:</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0.5in 10pt 56.7pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&bull;<FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif">have a direct business purpose related to the transaction;</FONT></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0.5in 10pt 56.7pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&bull;<FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif">be carried out in accordance with the Company's Delegation
of Authority &ndash; DAG</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38.7pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.5in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif">clearly and accurately
reflect the Company's operations</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38.7pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 11pt">&bull;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.5in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">be
recorded so as to enable the preparation of financial statement in accordance with applicable accounting standards;</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0.5in 10pt 56.7pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&bull;<FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif">comply with the applicable tax legislation; and</FONT></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0.5in 10pt 56.7pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&bull;<FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif">keep accountability of the assets.</FONT></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">All supporting documentation
shall be kept in accordance with the applicable requirements for retention of records.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">No fund or asset that
is not accounted in the Company's financial statements shall be established or maintained for any purpose.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">No Employee shall be involved
in the falsification of accounting records or any other business record, and all employees and officers shall correctly and completely
answer any inquiry that may be carried out by internal or external auditors of the Company or by auditors from any regulatory agency.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 11pt Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">11.</TD><TD>MANDATORY NATURE AND VIOLATIONS</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Every Employee of the
Company is required to read and understand this Policy, as well as comply with all rules provided herein.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">No employee has the authority
to request or carry out any action in breach of this Policy. This Policy is not subject to any type of waiver or exception due
to business or competitive demands or any other type of demand.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Noncompliance with this
Policy may result in civil or criminal penalties for Ambev and for the Employees involved, in addition to possible disciplinary
sanctions for those Employees, including, but not limited to, dismissals with cause and compensation for damages caused.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 11pt Verdana, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">12.</TD><TD>COMPLIANCE CHANNEL AND OMBUDSMAN</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">In case you have any <B>doubt</B>
on the application of this Policy, please contact the Compliance Area or open a request in the Compliance Channel.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">However, if you suspect
or are aware of any <B>misconduct</B> or <B>violation</B> to our Code of Conduct or to this Policy, file a complaint in the Ombudsman.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 45.4pt">Employees, Intermediaries
and other business partners that report violations or possible violations of anti-corruption laws and regulations, as well as of
the internal policies and procedures of Ambev, will not face any type of reprisal. This reporting is encouraged by the Company
and may be made anonymously, if the reporting person so prefers.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 45.4pt">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 45.4pt"><B>The Ambev Ombudsman
is a direct channel for reporting breaches of laws, regulations, policies and procedures of Ambev. The Ambev Ombudsman is available
24/7 via telephone (+55 0800 725 0011) or online (www.ouvidoriaambev.com.br). All reports are handled with confidentiality and
secrecy. </B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 45.4pt">&nbsp;</P>

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<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 45.4pt">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">Date:&nbsp;August 20, 2020</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%">
<TR>
    <TD STYLE="width: 52%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 47%">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">AMBEV S.A.</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">By:&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">/s/&nbsp;Lucas Machado Lira</FONT></TD></TR>
<TR>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Lucas Machado Lira</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Chief Financial and Investor Relations Officer</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>

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