National Storage Mechanism | Additional information

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 Optional Redemption Amount to the holders of the £650,000,000 1.750 per cent. Notes due 2025 (ISIN: BE6295391914; Common Code: 161739847) (the "Notes")

London, UK: 23 September 2020.

Further to the notice given by Anheuser-Busch InBev SA/NV (the "Issuer") on 8 September 2020 to the holders of the Notes that, pursuant to Condition 6.3 (Redemption at the option of the Issuer (Issuer Call)) of the terms and conditions of the Notes (the "Conditions"), the Issuer is exercising its option to redeem in full all of the outstanding Notes on 25 September 2020 (the "Optional Redemption Date"), the Issuer hereby notifies holders that Deutsche Bank Securities Inc. has been appointed as Calculation Agent and that the Optional Redemption Amount shall be £1,075.91 per £1,000 in principal amount of Notes plus accrued and unpaid interest up to but excluding the Optional Redemption Date.

Pursuant to Condition 6.7 (Cancellation), all Notes redeemed will be cancelled.

Terms used but not defined in this notice shall have the meanings given to them in the 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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