SABMiller Plc -- Moody's says ABI sale of SAB European assets dampens negative impact of SABMiller acquisition- no change to likely rating outcome

New York, April 29, 2016 -- Moody's Investors Service said today that Anheuser-Busch InBev's (ABI, A2/(P)Prime-1 under review for downgrade) announcement that it will offer for sale the Eastern and Central European businesses of SABMiller (A3/(P)Prime-2 under review direction uncertain) will dampen the negative impact the SABMiller acquisition has on ABI's credit profile. This is because the sale will likely allow for lower pro-forma leverage at closing of the acquisition, depending on the proceeds the sale ultimately generates. However, the sale will not improve leverage enough to affect the likely rating outcome, which we have indicated though the provisional (P)A3 rating assigned to bonds issued to finance the deal. For further information please see today's issuer commnent at www.moodys.com.

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