Budweiser Brewing Company APAC is covered by various financialanalysts and the consensus collection linked below was compiled from 4^th April to 22^nd April 2022 from inputs submitted by some or all of theanalysts listed below.

This company-compiledconsensus estimate is published for information purposes only before eachquarterly reporting period, based on the inputs of participating analysts whohave submitted their financial projections. Consensus estimates are, by nature,forward looking and are therefore subject to risks and uncertainties which aresubject to change at any time. Note that consensus estimates, including anykind of underlying projections or forecasts, are the analysts’ own opinions anddo not represent opinions, forecasts or predictions of Budweiser BrewingCompany APAC or its management. Budweiser Brewing Company APAC has notverified, endorsed, influenced or commented on any of such consensus estimates,nor does it intend to do so in the future. In addition, the consensusmethodology may change at any time. Budweiser Brewing Company APAC assumes noliability whatsoever in connection with the accuracy, compilation, completenessor publication of consensus estimates and does not by its reference ordistribution imply its endorsement of or concurrence with such information,conclusions or recommendations. Budweiser Brewing Company APAC undertakes noobligation to update or revise such information. Nothing contained hereinshould be taken as a recommendation to buy or sell any securities or to take orrefrain from taking any other action or to place any reliance on any of theinformation included in this consensus collection.