Press Release:

Anheuser-Busch InBev (Euronext: ABI; NYSE: BUD) (“AB InBev”) announced today that a wholly-owned subsidiary is commencing the previously announced tender offer for all outstanding shares of Grupo Modelo, S.A.B. de C.V. (BMV: GMODELOC) (“Modelo”) that AB InBev does not already own for USD 9.15 per share in cash.

The tender offer is being made pursuant to the Transaction Agreement between AB InBev, Anheuser-Busch International Holdings, Inc., Anheuser-Busch México Holding, S. de R.L. de C.V., Modelo and Diblo, S.A. de C.V, dated June 28, and announced on June 29, 2012. The Board of Directors of Modelo unanimously approved the Transaction Agreement and related transactions.

The tender offer is scheduled to expire on 2:00 p.m., Mexico City time, on May 31, 2013, unless the offer is extended.

The tender offer is not subject to any minimum tender condition or any financing condition. Following the settlement of the tender offer, AB InBev will establish a trust that will accept further tenders of shares by Modelo shareholders over a period of up to 25 months after the tender offer closing.