Redemption of Notes

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

ANHEUSER-BUSCH INBEV SA/ NV

Notice of redemption to the holders of the €1,000,000,000 2.700 per cent. Notes due 2026 (ISIN: BE6265142099; Common Code: 105134355) (of which €615,160,000 is outstanding) (the "Notes")

London, UK: 30 October 2025.

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

Pursuant to Condition 6.3 (Redemption at the option of the relevant Issuer (Issuer Call)) of the terms and conditions of the Notes (the "Conditions"), it is exercising its option to redeem in full all of the outstanding Notes on 18 November 2025 (the "Optional Redemption Date").

Each Note shall be redeemed at the make whole price in an amount equal to (i) the outstanding principal amount of the relevant Note; or (ii) if higher, the sum, as determined by the Calculation Agent, of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed (not including any portion of such payments of interest accrued to the date of redemption) discounted to the Optional Redemption Date on an annual basis (assuming a 360-day year consisting of twelve 30-day months) at the rate per annum equal to the equivalent yield to maturity of the CA Selected Bond, calculated using a price for the CA Selected Bond (expressed as a percentage of its principal amount) equal to the Reference Bond Price for the Optional Redemption Date plus 20 basis points (the "Optional Redemption Amount"). The Optional Redemption Amount will be based on the Reference Bond Price as fixed on 13 November 2025. Pursuant to Condition 6.7 (Cancellation) of the Conditions, all Notes redeemed will be cancelled.

Terms used but not defined in this announcement 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 Patrick Ryan, Global Director (Treasury) of the Issuer.

For further information, holders of the Notes should contact:

Patrick Ryan

Anheuser-Busch InBev SA/NV

[email protected]