Belgium: InBev announces 300 mln share buy-back program

Exercising the authority granted to it by the Extraordinary General Meeting of Shareholders of April 25th, 2006, InBev S.A.�s Board of Directors has resolved that the Company commence a share buy-back program of InBev shares for an amount of up to 300 million euro, according to InBev�s press release of February 1.

This new share buy-back program will run until the end of October 2007, and may be renewed thereafter.

About InBev

InBev is a publicly traded company based in Leuven, Belgium. The company's origins date back to 1366, and today it is the leading global brewer by volume. InBev�s strategy is to strengthen its local platforms by building significant positions in the world's major beer markets through organic growth, world-class efficiency, targeted external growth, and by putting consumers first. InBev has a portfolio of more than 200 brands, including Stella Artois�, Brahma�, Beck�s�, Leffe� and Skol� - the third-largest selling beer brand in the world. InBev employs some 85 000 people, running operations in over 30 countries across the Americas, Europe and Asia Pacific. In 2005, InBev realized 11.7 billion euro of revenue.

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