Anheuser-Busch InBev Tender Offer for Grupo Modelo Shares Expires

Anheuser-Busch InBev

("AB InBev") announced today the expiration of the tender offer by its wholly owned subsidiary, Anheuser-Busch Mexico Holdings S.R.L. de C.V., to acquire all outstanding shares of Grupo Modelo, S.A.B. de C.V.

("Modelo") not already owned by AB InBev for USD 9.15 per share in cash. The tender offer expired at 2:00 p.m., Mexico City time, on May 31, 2013. The exchange agent for the tender offer has advised that, as of the expiration of the tender offer, a preliminary total of 1,966,744,040 shares had been tendered into and not withdrawn from the tender offer, representing approximately 89% of Modelo's outstanding Series C shares not previously owned by AB InBev. When added to AB InBev's existing ownership interest in Modelo, AB InBev and its affiliates will, following the settlement of the tender offer, own approximately 95% of Modelo's outstanding shares. All shares that were validly tendered into the tender offer and not properly withdrawn have been accepted for payment and will be paid for promptly in accordance with the terms of the tender offer. On the date of settlement of the tender offer, AB InBev will