Belgian brewing giant, Interbrew S.A., confirmed on March 2 that it is in continuing discussions with AmBev regarding a possible significant transaction. If such discussions are successful and the transaction is completed, such transaction could involve the exchange of substantial equity interests between the two companies and or their subsidiaries such that Interbrew would own, directly or indirectly, an equity interest in AmBev, Belgian brewer revealed. Under the current discussions, it is intended that AmBev would continue to be a separately listed company.

The parties are in discussions but the talks have not concluded and there can be no assurances that an agreement will be reached.

02 March, 2004