Our current dividend policy is to declare a dividend representing in aggregate at least 25% of our consolidated profit attributable to our equity holders, excluding exceptional items, such as restructuring charges, gains or losses on business disposals and impairment charges, subject to applicable legal provisions relating to distributable profit. In accordance with our intention to deleverage after the closing of the Anheuser-Busch acquisition, it is expected that the dividends we will pay in the first two to three years after the closing of the Anheuser-Busch acquisition will be materially lower than the EUR 2.44 (USD 3.67) dividend for 2007, and may be lower than the 25% threshold referred to above.
For further details on our dividend, including a table with the dividends paid by us in the most recent financial years, please refer to page 179 of our 20-F, available on our website.

Kind regards,

AB InBev Investor Relations