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Anheuser-Busch InBev Announces Agreement with DOJ and Filing of Proposed Final Judgment with Court



Anheuser-Busch InBev Announces Agreement with DOJ and Filing of Proposed Final
                             Judgment with Court

PR Newswire

BRUSSELS, April 19, 2013

BRUSSELS, April 19, 2013 /PRNewswire/ -- Anheuser-Busch InBev (Euronext: ABI;
NYSE: BUD), Grupo Modelo, S.A.B. de C.V. (BMV: GMODELOC), Constellation
Brands, Inc. (NYSE: STZ, STZ.B) and Crown Imports LLC, have reached a final
agreement with the U.S. Department of Justice on the terms of a settlement of
the Department of Justice's litigation challenging AB InBev's proposed
acquisition of the remaining stake in Grupo Modelo that it does not already
own.

The parties have jointly approached the Court with the terms of a proposed
Final Judgment, which would fully resolve the Department of Justice's claims
in its litigation challenging the proposed acquisition.

The agreement is substantially in line with the revised transaction announced
on February 14, 2013. The proposed Final Judgment presented to the Court
includes additional binding commitments to the revised transaction, which are
designed to ensure a prompt divestiture of assets by AB InBev to
Constellation, the necessary build-out of the Piedras Negras brewery by
Constellation, as well as certain distribution guarantees for Constellation in
the United States.

Once the Stipulation and Order (which is filed concurrently with, and requires
the parties to comply with, the proposed Final Judgment) is signed by the
Court, AB InBev, Grupo Modelo and Constellation intend to move swiftly to
complete the pending transactions. These include an all-cash tender offer of
USD 9.15 per share by AB InBev for all the outstanding Grupo Modelo shares it
does not already own and, upon completion of the tender offer, the sale of
Grupo Modelo's Piedras Negras brewery and stake in Crown to Constellation.

The Mexican Competition Commission approved the revised transaction with
Constellation in early April 2013. Therefore, once the Stipulation and Order
is signed, all regulatory approvals necessary for closing the transactions
with Grupo Modelo and Constellation will have been obtained. The transaction
is expected to close in June 2013.

Transaction Website: www.globalbeerleader.com

Disclaimer
This release contains certain forward-looking statements reflecting the
current views of the management of AB InBev with respect to, among other
things, the proposed transaction described herein as well as AB InBev's
strategic objectives, business prospects, future financial condition, budgets,
projected levels of production, projected costs and projected levels of
revenues and profits, and the synergies it is able to achieve. These
statements involve risks and uncertainties. The ability of AB InBev to achieve
these objectives and targets or to consummate the proposed transaction is
dependent on many factors some of which may be outside of management's
control. In some cases, words such as "believe", "intend", "expect",
"anticipate", "plan", "target", "will" and similar expressions to identify
forward-looking statements are used. All statements other than statements of
historical facts are forward-looking statements. You should not place undue
reliance on these forward-looking statements. By their nature, forward-looking
statements involve risk and uncertainty because they reflect AB InBev's
current expectations and assumptions as to future events and circumstances
that may not prove accurate. The actual results could differ materially from
those anticipated in the forward-looking statements for many reasons including
the risks described under Item 3.D of AB InBev's annual report on Form 20-F
filed with the US Securities and Exchange Commission on 13 April 2012, as well
as risks associated with the proposed transaction, including uncertainty as
whether AB InBev will be able to consummate the transaction on the terms
described in this document or in the definitive agreements, the ability to
obtain necessary governmental approvals, the availability of financing for the
transaction and the ability to consummate the financing on the currently
anticipated terms, the ability to realize the anticipated benefits of
transaction, including as a result of a delay in completing the transaction or
difficulty in integrating the businesses of the companies involved, and the
amount and timing of any costs savings and operating synergies. AB InBev
cannot assure you that the proposed transaction or the future results, level
of activity, performance or achievements of AB InBev will meet the
expectations reflected in the forward-looking statements. Moreover, neither AB
InBev nor any other person assumes responsibility for the accuracy or
completeness of the forward-looking statements. Unless AB InBev is required by
law to update these statements, AB InBev will not necessarily update any of
these statements after the date hereof, either to confirm the actual results
or to report a change in its expectations.

Anheuser-Busch InBev Contacts:
Media                                         Investors
Marianne Amssoms                              Graham Staley

Tel: +1-212-573-9281                          Tel: +1-212-573-4365

E-mail:                                       E-mail:
marianne.amssoms@ab-inbev.com                 graham.staley@ab-inbev.com
Karen Couck                                   Thelke Gerdes

Tel:  +32-16-27-69-65                         Tel: +32-16-27-68-88

E-mail: karen.couck@ab-inbev.com              E-mail:
                                              thelke.gerdes@ab-inbev.com
Laura Vallis                                  Christina Caspersen

Tel: +1-212-573-9283                          Tel: +1-212-573-4376

E-mail: laura.vallis@ab-inbev.com             E-mail:
                                              christina.caspersen@ab-inbev.com
Steve Lipin / Stan Neve, Brunswick Group

Tel: +1-212-333-3810

 

About Anheuser-Busch InBev
Anheuser-Busch InBev is a publicly traded company (Euronext: ABI) based in
Leuven, Belgium, with American Depositary Receipts on the New York Stock
Exchange (NYSE: BUD).  It is the leading global brewer, one of the world's top
five consumer products companies and recognized as first in the beverage
industry on FORTUNE Magazine's "World's Most Admired" companies list.  Beer,
the original social network, has been bringing people together for thousands
of years and our portfolio of well over 200 beer brands continues to forge
strong connections with consumers.  We invest the majority of our
brand-building resources on our Focus Brands - those with the greatest growth
potential such as global brands Budweiser^®, Stella Artois^® and Beck's^®,
alongside Leffe^®, Hoegaarden^®, Bud Light^®, Skol^®, Brahma^®, Antarctica^®,
Quilmes^®, Michelob Ultra^®, Harbin^®, Sedrin^®, Klinskoye^®, Sibirskaya
Korona^®, Chernigivske^®, Hasseroder^® and Jupiler^®.  In addition, the
company owns a 50 percent equity interest in the operating subsidiary of Grupo
Modelo, Mexico's leading brewer and owner of the global Corona^® brand. 
Anheuser-Busch InBev's dedication to heritage and quality originates from the
Den Hoorn brewery in Leuven, Belgium dating back to 1366 and the pioneering
spirit of the Anheuser & Co brewery, with origins in St. Louis, USA since
1852.  Geographically diversified with a balanced exposure to developed and
developing markets, Anheuser Busch InBev leverages the collective strengths of
its approximately 118,000 employees based in 23 countries worldwide.  In 2012,
AB InBev realized 39.8 billion US dollar revenue. The company strives to be
the Best Beer Company in a Better World.  For more information, please visit:
www.ab-inbev.com.

SOURCE Anheuser-Busch InBev

Website: http://www.ab-inbev.com
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