“Very Truly Yours, Carlos Brito”; August and InBev Met Last Monday; Budweiser

Dear Client: It appears that August Busch IV met with InBev directors Jorge Paulo Lemann and Marcel Telles last Monday in Tampa, and August asked the gentleman whether they had a formal bid for A-B. They did not, but they spoke of the benefits of a combination, according to a letter sent to August Busch IV by InBev chief Carlos Brito.

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