InBev plans acquisition of remaining minority interests in SUN Interbrew Ltd.

13/04/05 InBev has launched recommended offers of USD33.41 in cash for the remaining Class A (non-voting) shares and GDRs and Class B (voting) shares and GDRs ("Class B Securities" and, together with the Class A Securities, "SIL Securities") that InBev does not already own in SUN Interbrew.

Following the completion, announced on 31 January 2005, of the transactions with both SUN Trade (International) Ltd. and Alfa-Eco, InBev currently owns 97.3% of the Class B Securities and 98.8% of the Class A Securities in SUN Interbrew, which, in total, gives it a 98.4% economic interest in SUN Interbrew.

The Offer price of USD33.41 is equivalent to the value that InBev announced on 12 August 2004 would be paid for SUN Trade's equity interest in SIL, as negotiated between InBev and SUN Trade at that time. It is InBev's belief that the Offer price of USD33.41 is at a significant premium to the prices that could have been obtained by a holder of SIL Securities through either on- or off-market transactions prior to 12 August 2004.

After the Offers close, whether or not InBev has acquired 90% of the outstanding SIL Securities, InBev intends to change the domicile of SIL from Jersey to another jurisdiction and to de-list the SIL Securities from the Luxembourg Stock Exchange. InBev currently expects that the application for such de-listing and cancellation will be made by the end of Q2 2006.