Anheuser-Busch InBev Commences Cash Tender Offer for Grupo Modelo Shares It Does Not Already Own

From Anheuser-Busch:

BRUSSELS, May 1, 2013 /PRNewswire/mbb/ -- 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.

Complete terms and conditions of the tender offer are set forth in the Informative Brochure (folleto informativo) filed by AB InBev with the Mexican Comisión Nacional Bancaria y de Valores and the Bolsa Mexicana de Valores. Electronic copies of the Informative Brochure, are available free of charge from Casa de Bolsa Santander, S.A. de C.V., Grupo Financiero Santander México ("CB Santander"), the exchange agent for the tender offer, at +52 (55) 5269 8925 or via email ateduardo.badillo@santander.com.mx. The exchange agent for the tender offer is CB Santander. Additional information is also available on www.globalbeerleader.com.
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