OREANDA-NEWS. July 23, 2012. Anheuser-Busch InBev Worldwide Inc. (ABIWW), a subsidiary of Anheuser-Busch InBev SA/NV ("AB InBev") (Euronext: ABI) (NYSE: BUD), announced that it has completed the pricing of USD 7,500,000,000 aggregate principal amount of bonds, consisting of USD 1,500,000,000 aggregate principal amount of fixed rate notes due 2015, USD 2,000,000,000 aggregate principal amount of fixed rate notes due 2017, USD 3,000,000,000 aggregate principal amount of fixed rate notes due 2022 and USD 1,000,000,000 aggregate principal amount of fixed rate notes due 2042. The notes will bear interest at an annual rate of 0.800% for the 2015 notes, 1.375% for the 2017 notes, 2.500% for the 2022 notes and 3.750% for the 2042 notes. The notes will mature on 15 July 2015 in the case of the 2015 notes, 15 July 2017 in the case of the 2017 notes, 15 July 2022 in the case of the 2022 notes and 15 July 2042 in the case of the 2042 notes. The issuance is expected to close on 16 July 2012, subject to customary closing conditions.

The notes will be issued by Anheuser-Busch InBev Worldwide Inc. (the "Issuer") and will be fully, unconditionally and irrevocably guaranteed by Anheuser-Busch InBev SA/NV, Brandbrew S.A., Cobrew NV/SA and Anheuser-Busch Companies, LLC. The Notes will be senior unsecured obligations of the Issuer and will rank equally with all other existing and future unsecured and unsubordinated debt obligations of the Issuer.

The notes are denominated in U.S. dollars, and both principal and interest will be paid in U.S. dollars as further described in the preliminary prospectus supplement dated 11 July 2012 filed with the U.S. Securities and Exchange Commission (the "SEC") and available on www.sec.gov. Interest will be paid semi-annually in arrears on 15 July and 15 January, starting on 15 January 2013.

The net proceeds of the offering will be used for general corporate purposes and pre-funding of financing related to the announced combination with (or acquisition of shares of) Grupo Modelo, S.A.B. de C.V. The notes were offered as a registered offering under AB InBev's shelf registration statement filed on Form F-3 with the SEC on 21 September 2010.

The Issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Any offer of securities will be made by means of the prospectus supplement and accompanying prospectus relating to the offering. Copies of the prospectus and prospectus supplement, and any other documents the Issuer has filed with the SEC containing more complete information about the Issuer and this offering may be obtained, free of charge, by visiting Anheuser-Busch InBev SA/NV on the SEC web site at www.sec.gov, or by requesting copies from Anheuser-Busch InBev SA/NV in writing or by telephone to +1-212-573-4365. Alternatively, a copy of the prospectus relating to the offering may be obtained by contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated, Attn: Prospectus Department, 222 Broadway, 7th Floor, New York, NY 10038 or by phone at 1-800-294-1322 or by email at dg.prospectus_requests@baml.com; or by contacting Barclays Capital Inc., c./o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717; or by telephone at 1-888-603-5847; or by email at barclaysprospectus@broadridge.com; or by contacting Deutsche Bank Securities Inc., Attn.: Prospectus Group, 60 Wall Street , New York, NY 10005-2836 or by email at prospectus.CPDG@db.com or by phone at 1-800-503-4611; or by contacting J.P. Morgan Securities LLC at 383 Madison Ave., New York, NY 10179, Attn: Investment Grade Syndicate Desk or by phone at 1-212­834-4533.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the notes, nor shall there be any sale of these notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.