SABMiller plc JSEALPHA CODE: SAB ISSUER CODE: SOSAB ISIN CODE: GB0004835483 AMENDMENT - CHANGE TO SECTION 3(b). FORM 8 (OPD) PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER Rules 8.1 and 8.2 of the Takeover Code (the Code ) 1. KEY INFORMATION (a) Full name of discloser: (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree (d) Is the discloser the offeror or the offeree? (e) Date position held: The latest practicable date prior to the disclosure (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state N/A SABMILLER PLC ( SABMILLER ) N/A ANHEUSER-BUSCH INBEV SA/NV ( AB InBev ) OFFEREE 28 SEPTEMBER 20 YES If YES, specify which: SABMILLER 2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) and short positions in the relevant securities of the offeror or offeree to which the disclosure relates owned NIL - NIL - and/or controlled: NIL - NIL - derivatives (including options) and agreements to TOTAL: NIL - NIL - NIL - NIL - All interests and all short positions should be disclosed.
2 Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL). (b) Rights to subscribe for new securities Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: None N/A 3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE Details of any interests, short positions and rights to subscribe (including directors and other employee options) of any person acting in concert with the party to the offer making the disclosure: (a) Beneficial holdings of directors of SABMILLER in ordinary shares of AB InBev Name Number of ordinary shares in AB InBev Percentage of issued ordinary share capital in AB InBev Geoffrey Bible 35,065 0.00218 Dinyar Devitre 6,300 0.00039 (b) of advisers to SABMILLER in AB InBev Shares (GS) GOLDMAN, SACHS & CO 4,643 0.00962 76,439 0.00475 264,100 0.042 350,700 0.02181 TOTAL: 418,743 0.02604 427,648 0.02659 (GS) GOLDMAN SACHS BANK AG 1,450 0.00009 Nil - Nil - 8,500 0.00053
3 TOTAL: 1,450 0.00009 8,500 0.00053 MORGAN STANLEY 746,602 0.04642 730,758 0.04544 TOTAL: 746,602 0.04642 730,758 0.04544 MORGAN STANLEY (JERSEY) LIMITED Nil Nil - 436 0.00003 436 0.00003 TOTAL: 436 0.00003 436 0.00003 MS EQUITY FINANCING SERVICES (LUXEMBOURG) SARL Nil - 3 0.00001 1,133 0.00007 969 0.00006 TOTAL: 1,133 0.00007 1,132 0.00007 MORGAN STANLEY HEDGING CO LTD 251 0.00002 4,288 0.00027
4 TOTAL: 251 0.00002 4,288 0.00027 MORGAN STANLEY BV 241,959 0.004 238,003 0.01480 TOTAL: 241,959 0.004 238,003 0.01480 CAIEIRAS FUNDO DE INVESTIMENTO MULTIMERCADO (MORGAN STANLEY) Nil - 751 0.00005 TOTAL: Nil - 751 0.00005 MORGAN STANLEY EQUITY DERIVATIVE SERVICES (LUXEMBOURG) SARL Nil - 105,200 0.00654 105,201 0.00654 Nil - TOTAL: 105,201 0.00654 105,200 0.00654 MS DERIVATIVE PRODUCTS FU 751 0.00005 Nil -
5 TOTAL: 751 0.00005 Nil - J.P. MORGAN STRUCTURED PRODUCTS B.V. 11,364 0.00071 11,364 0.00071 TOTAL: 11,364 0.00071 11,364 0.00071 JPMORGAN CHASE & CO. 37,244 0.00232 Nil - TOTAL: 37,244 0.00232 Nil - J.P. MORGAN SECURITIES LLC PRIVATE CLIENT SERVICE (PCS) 14,938 0.00093 Nil - TOTAL: 14,938 0.00093 Nil - J.P. MORGAN (SUISSE) SA 3,685 0.00023 Nil -
6 TOTAL: 3,685 0.00023 Nil - Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL). 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state none None (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state none None (c) Attachments Are any Supplemental Forms attached? Supplemental Form 8 (Open Positions) Supplemental Form 8 (SBL) YES NO
7 Date of disclosure: October 20 Contact name: Stephen Shapiro Group Company Secretary Telephone number: +44 207 659 0100 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel s Market Surveillance Unit is available for consultation in relation to the Code s disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel s website at www.thetakeoverpanel.org.uk. Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
8 SUPPLEMENTAL FORM 8(OPEN POSITIONS) DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENT TO PURCHASE OR SELL ETC. Note 5(i) on Rule 8 of the Takeover Code (the Code ) 1. KEY INFORMATION Full name of person making disclosure: Name of offeror/offeree in relation to whose relevant securities disclosure relates: (GS) GOLDMAN, SACHS & CO. ANHEUSER-BUSCH INBEV SA/NV 2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS) Class of relevant security Product descriptio n e.g. call option Written or purchased Number of securities to which option or derivative relates Exercise price per unit Ordinary Call Option Purchased 100 80.0000 Ordinary Call Option Purchased 100 135.0000 Ordinary Call Option Sold 200 130.0000 Ordinary Call Option Purchased 300 1.0000 Ordinary Call Option Purchased 300 0.0000 Ordinary Call Option Sold 400 0.0000 Ordinary Call Option Sold 400 180.0000 Ordinary Call Option Purchased 500 90.0000 Ordinary Call Option Sold 500 110.0000 Ordinary Call Option Sold 600 140.0000 Ordinary Call Option Purchased 800 0.0000 Ordinary Call Option Sold 900 100.0000 Ordinary Call Option Sold 1,000 125.0000 Ordinary Call Option Purchased 1,000 125.0000 Ordinary Call Option Sold 1,000 140.0000 Ordinary Call Option Sold 1,000 5.0000 Ordinary Call Option Sold 1,100 80.0000 Ordinary Call Option Sold 1,200 1.0000 Type e.g. American, European etc. Expiry date AMER /01/20 AMER /10/20 AMER /01/20 AMER /01/20 AMER /01/20 AMER /10/20
9 Ordinary Call Option Purchased 1,300 105.0000 AMER /10/20 Ordinary Call Option Sold 1,300 110.0000 AMER /01/20 Ordinary Call Option Sold 1,300 120.0000 AMER /01/20 Ordinary Call Option Purchased 1,400 125.0000 Ordinary Call Option Purchased 1,500 105.0000 AMER /01/20 Ordinary Call Option Sold 1,600 1.0000 AMER /01/20 Ordinary Call Option Purchased 1,600 135.0000 AMER /01/20 Ordinary Call Option Sold 1,800 140.0000 Ordinary Call Option Sold 2,200 110.0000 Ordinary Call Option Purchased 2,300 130.0000 Ordinary Call Option Sold 2,800 5.0000 Ordinary Call Option Purchased 3,000 125.0000 Ordinary Call Option Sold 3,000 135.0000 Ordinary Call Option Purchased 3,100 125.0000 AMER /10/20 Ordinary Call Option Purchased 3,200 120.0000 Ordinary Call Option Purchased 3,400 145.0000 AMER /01/20 Ordinary Call Option Purchased 3,800 130.0000 AMER /01/20 Ordinary Call Option Purchased 3,900 5.0000 AMER /01/20 Ordinary Call Option Sold 5,300 130.0000 AMER /01/20 Ordinary Call Option Purchased 5,900 105.0000 Ordinary Call Option Purchased 8,300 105.0000 AMER /10/20 Ordinary Call Option Purchased 8,600 120.0000 Ordinary Call Option Purchased 8,800 1.0000 Ordinary Call Option Purchased 9,000 145.0000 Ordinary Call Option Sold 11,100 0.0000 AMER /01/20 Ordinary Call Option Purchased 12,400 145.0000 AMER /01/20 Ordinary Call Option Sold 14,200 125.0000 AMER /01/20 Ordinary Call Option Purchased 14,600 140.0000 AMER /01/20 Ordinary Call Option Purchased 18,200 5.0000 AMER /01/20 Ordinary Call Option Sold 20,300 125.0000 AMER /01/20
10 Ordinary Call Option Sold 20,700 110.0000 Ordinary Call Option Sold 21,000 110.0000 AMER /10/20 Ordinary Call Option Purchased 23,700 0.0000 AMER /01/20 Ordinary Call Option Sold 26,500 1.0000 Ordinary Call Option Sold 27,900 120.0000 Ordinary Call Option Sold 29,100 135.0000 Ordinary Call Option Purchased 49,800 0.0000 AMER /01/20 Ordinary Call Option Purchased 50,100 130.0000 Ordinary Call Option Sold 68,000 120.0000 AMER /10/20 Ordinary Put Option Purchased 100 95.0000 Ordinary Put Option Sold 100 105.0000 Ordinary Put Option Purchased 100 120.0000 Ordinary Put Option Purchased 100 130.0000 AMER /01/20 Ordinary Put Option Purchased 200 120.0000 Ordinary Put Option Purchased 200 130.0000 Ordinary Put Option Purchased 300 75.0000 Ordinary Put Option Purchased 300 105.0000 Ordinary Put Option Purchased 400 95.0000 AMER /01/20 Ordinary Put Option Sold 400 100.0000 Ordinary Put Option Sold 400 105.0000 Ordinary Put Option Purchased 400 110.0000 Ordinary Put Option Sold 400 120.0000 AMER /10/20 Ordinary Put Option Purchased 400 125.0000 AMER /10/20 Ordinary Put Option Sold 400 135.0000 AMER /01/20 Ordinary Put Option Purchased 500 85.0000 Ordinary Put Option Purchased 500 85.0000 Ordinary Put Option Sold 600 100.0000 AMER /10/20 Ordinary Put Option Purchased 700 90.0000 Ordinary Put Option Sold 700 95.0000
11 Ordinary Put Option Purchased 700 125.0000 Ordinary Put Option Purchased 1,000 70.0000 Ordinary Put Option Purchased 1,100 65.0000 Ordinary Put Option Sold 1,100 75.0000 AMER /01/20 Ordinary Put Option Sold 1,100 105.0000 AMER /01/20 Ordinary Put Option Purchased 1,300 90.0000 Ordinary Put Option Purchased 1,300 100.0000 Ordinary Put Option Sold 1,500 120.0000 AMER /01/20 Ordinary Put Option Sold 1,600 90.0000 Ordinary Put Option Purchased 1,700 1.0000 AMER /01/20 Ordinary Put Option Purchased 2,100 70.0000 Ordinary Put Option Purchased 2,300 90.0000 AMER /10/20 Ordinary Put Option Purchased 2,300 95.0000 AMER /10/20 Ordinary Put Option Purchased 2,400 105.0000 Ordinary Put Option Purchased 2,500 85.0000 AMER /10/20 Ordinary Put Option Purchased 2,600 90.0000 AMER /01/20 Ordinary Put Option Purchased 2,600 100.0000 AMER /01/20 Ordinary Put Option Purchased 2,700 100.0000 Ordinary Put Option Sold 2,800 95.0000 Ordinary Put Option Sold 2,900 110.0000 AMER /01/20 Ordinary Put Option Sold 3,000 130.0000 Ordinary Put Option Purchased 3,400 1.0000 Ordinary Put Option Purchased 4,800 100.0000 Ordinary Put Option Purchased 4,800 1.0000 AMER /10/20 Ordinary Put Option Purchased 5,100 95.0000 Ordinary Put Option Purchased 5,300 85.0000 AMER /01/20 Ordinary Put Option Purchased 6,000 110.0000 Ordinary Put Option Sold 6,100 1.0000 Ordinary Put Option Purchased 6,300 110.0000 AMER /10/20 Ordinary Put Option Purchased 8,000 105.0000 AMER /10/20
12 Ordinary Put Option Purchased 9,800 80.0000 AMER /10/20 3. AGREEMENTS TO PURCHASE OR SELL Full details should be given so that the nature of the interest or position can be fully understood: It is not necessary to provide details on a Supplement form (Open Positions) with regard to cash-settled derivatives. The currency of all pieces and other monetary amounts should be stated. The Panel s Market Surveillance Unit is available for consultation in relation to the Code s disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel s website at www.thetakeoverpanel.org.uk.
13 SUPPLEMENTAL FORM 8(OPEN POSITIONS) DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENT TO PURCHASE OR SELL ETC. Note 5(i) on Rule 8 of the Takeover Code (the Code ) 1. KEY INFORMATION Full name of person making disclosure: Name of offeror/offeree in relation to whose relevant securities disclosure relates: (GS) GOLDMAN SACHS BANK AG ANHEUSER-BUSCH INBEV SA/NV 2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS) Class of relevant security Product descriptio n e.g. call option Written or purchased Number of securities to which option or derivative relates Exercise price per unit Ordinary Put Option Sold 8,500 105.0000 Type e.g. American, European etc. Expiry date EUR 18/12/20 3. AGREEMENTS TO PURCHASE OR SELL Full details should be given so that the nature of the interest or position can be fully understood: It is not necessary to provide details on a Supplement form (Open Positions) with regard to cash-settled derivatives. The currency of all pieces and other monetary amounts should be stated. The Panel s Market Surveillance Unit is available for consultation in relation to the Code s disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel s website at www.thetakeoverpanel.org.uk.