Latham & Watkins Advises on AB InBev’s Secondary Global Offering by Altria

Anheuser-Busch InBev SA/NV (AB InBev) (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH) has announced the pricing of its previously announced secondary underwritten global offering (the Global Offering) by Altria Group Inc. (Altria) of a total of 35 million AB InBev existing ordinary shares (Ordinary Shares), including Ordinary Shares represented by American depositary shares, each representing one Ordinary Share (ADSs, and together with the Ordinary Shares, the Securities), at a price to the public of €56.17 per Ordinary Share and US$61.50 per ADS. The Global Offering comprises a public offering of Ordinary Shares represented by ADSs in the United States, a public offering of Ordinary Shares in the United States, a concurrent private placement of Ordinary Shares in the European Economic Area and the United Kingdom, and an offering of Ordinary Shares, including Ordinary Shares represented by ADSs, in other countries outside of the United States. In addition, Altria has granted the underwriters a 30-day option to purchase up to an additional 5.25 million Ordinary Shares represented by ADSs from Altria. Altria will receive all of the net proceeds from the Global Offering. No Securities are being sold by AB InBev.

Latham & Watkins LLP represented the underwriters in the Global Offering with a corporate team led by New York partners Michael Benjamin and Benjamin Cohen, with associates Katie Lovejoy, Amy Dau, and Jesus Alcocer. Advice was also provided on tax matters by New York partner Jiyeon Lee-Lim and London partner Aoife McCabe, with associates Jeremiah Cowen and Aaron Bradley; and on European Regulatory matters by London partners Rob Moulton and Nicola Higgs.