Anheuser-Busch InBev

1

Unofficial translation from the French and Dutch originals


Anheuser-Busch InBev
Société anonyme / Naamloze vennootschap
Grand Place / Grote Markt 1, 1000 Brussels, Belgium
Register of legal entities: 0417.497.106 (Brussels)

SPECIAL REPORT BY THE BOARD OF DIRECTORS TO THE SHAREHOLDERS
RELATING TO THE AUTHORISED CAPITAL
prepared in accordance with article 7:199 of the Belgian Code of Companies and Associations

Dear Shareholders,
In accordance with article 7:199 of the...