BRC S.a R.L. and Affiliates Enter New Shareholders' Agreement for 52.3% Stake in Anheuser-Busch InBev

On May 13, 2026, a group of reporting persons including BRC S.a R.L., Stichting Anheuser-Busch InBev, and Eugenie Patri Sebastien S.A. entered into the 2026 Shareholders' Agreement. This agreement amends and restates the previous 2023 agreement, primarily to remove references to the liquidated subsidiary EPS Participations S.a R.L. and streamline related governance provisions. The reporting persons collectively hold shared voting power over 1,031,302,286 Ordinary Shares of Anheuser-Busch InBev SA/NV, representing approximately 52.3% of the class. This calculation includes shares held through the Stichting, as well as shares subject to a Restricted Shareholder Voting Agreement with Altria Group and BEVCO Lux S.a R.L. The 2026 Shareholders' Agreement outlines governance matters, including the joint control of the Stichting by BRC and EPS, board nomination rights, and voting commitments. The agreement is set for an initial term ending in August 2034 with automatic ten-year renewals. Individual reporting persons Jorge Paulo Lemann, Carlos Alberto da Veiga Sicupira, and Max Van Hoegaerden Herrmann Telles maintain control over BRC.