Part II: “Very Truly Yours, Carlos Brito”

The following is a copy of a letter from InBev chief Carlos Brito to A-B chief August Busch IV:June 15, 2008Mr. August A. Busch IVPresident and Chief Executive OfficerAnheuser-Busch Companies, Inc.One Busch PlaceSt. Louis, Missouri63118USA Proposal for Combination Creating the World's Leading Beer CompanyDear August,We are writing to clarify certain aspects of our proposal of June 11th.As we indicated in our letter, we are committed to entering into aconstructive dialogue with you to achieve a friendly combination of our twocompanies.