ANHEUSER-BUSCH INBEV SA/NV - Notice of Currency Exchange Rate Interim 2025 Dividend

Notice of Currency Exchange Rate Interim 2025 Dividend

Anheuser-Busch InBev SA/NV
(Incorporated in the Kingdom of Belgium)
Register of Companies Number: 0417.497.106
Euronext Brussels Share Code: ABI
Mexican Stock Exchange Share Code: ANB
NYSE ADS Code: BUD
JSE Share Code: ANH
ISIN: BE0974293251
("AB InBev" or the "Company")

Notice of Currency Exchange Rate
Interim 2025 Dividend

Shareholders of AB InBev are referred to the announcement published on the Stock Exchange News Service of the
JSE ("SENS") on Thursday, 30 October 2025 wherein it was announced that the board of directors of AB InBev
approved an interim dividend of €0.15 per ordinary share for the fiscal year 2025 (the "Dividend").

The exchange rate applicable for the conversion of Euro to SA Rand for the Dividend will be €1.00 to ZAR
19.8335070, as calculated at the close of business on Wednesday, 12 November 2025. Accordingly, the gross
amount of the Dividend is 297.50261 SA cents per share and will be subject to a Belgian Withholding Tax of 30%
(equalling 89.25078 SA cents per share) which will be withheld from the gross Dividend paid to shareholders.

After the Belgian Withholding Tax has been withheld, the net Dividend will be 208.25182 SA cents per share. This
withholding tax is reduced to 15% in terms of the double tax treaty in force between Belgium and South Africa. A
rebate of the additional Belgian Withholding Tax of 15% which is withheld in Belgium must be claimed by SA
shareholders in accordance with the relevant reimbursement process noted in the announcement published on
SENS on Thursday, 30 October 2025.

The Dividend may also be subject to SA Dividends Tax at the rate of 20%, unless a shareholder qualifies for an
exemption. Any shareholder that receives a Dividend which is subject to SA Dividends Tax (i.e. where no exemption
is available) will qualify for a 15% rebate from SA Dividends Tax, being the Belgian Withholding Tax of 15%.

The ultimate result is that the Dividend will be subject to a reduced Belgian Withholding Tax rate of 15% and
subject to SA Dividends Tax at a rate of 5% (unless a shareholder qualifies for an exemption from SA Dividends
Tax, in which case only Belgian Withholding Tax of 15% will be applicable).

                                                                                                    ZAR cents
 Gross amount of the Dividend                                                                       297.50261
 Less: 30% Belgian Withholding Tax                                                                   89.25078
 Net Dividend after the deduction of the Belgian Withholding Tax                                    208.25182
 Less: 5% SA Dividends Tax                                                                           14.87513
 Net amount of the Dividend                                                                         193.37669

The proposed timetable for the Dividend is as follows:

                                                                                                        2025
 Last day to trade on Johannesburg Stock Exchange (JSE) to qualify for the               Friday, 14 November
 Dividend
 Ex-Dividend on JSE from commencement of trading on                                      Monday, 17 November
 Last day to trade on Euronext to qualify for the Dividend                               Monday, 17 November
 Ex-Dividend on Euronext from commencement of trading on                                Tuesday, 18 November
 Record date (Euronext and JSE)                                                       Wednesday, 19 November
 Dividend payable (Euronext and JSE)                                                   Thursday, 20 November

No transfers of shareholdings to and from South Africa will be permitted between Friday, 14 November 2025 and
Wednesday, 19 November 2025 (both dates inclusive). No dematerialisation or rematerialisation orders will be
permitted between Tuesday, 18 November 2025 and Thursday, 20 November 2025 (both dates inclusive).

The Dividend is payable in SA Rand to shareholders whose shares are traded on the JSE and held through Central
Securities Participants and brokers. Shareholders who are in any doubt as to their tax position should seek
independent professional advice.

ANHEUSER-BUSCH INBEV CONTACTS
Investors                                     Media
Shaun Fullalove                               Media Relations
E-mail: shaun.fullalove@ab-inbev.com          E-mail: media.relations@ab-inbev.com

Ekaterina Baillie
E-mail: ekaterina.baillie@ab-inbev.com

Patrick Ryan
E-mail: patrick.ryan@ab-inbev.com


13 November 2025
JSE Sponsor: Questco Corporate Advisory Proprietary Limited


Anheuser-Busch InBev is a publicly traded company (Euronext: ABI) based in Leuven, Belgium, with secondary
listings on the Mexico (MEXBOL: ANB) and South Africa (JSE: ANH) stock exchanges and with American Depositary
Receipts on the New York Stock Exchange (NYSE: BUD).





Date: 13-11-2025 10:10:00
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