Brazil: Companhia de Bebidas das Américas – AmBev announced on September 9, 2004 that its subsidiary, Companhia Brasileira de Bebidas (“CBB”), is extending the expiration date of its offer to exchange (the “Exchange Offer”) new 8.75% Notes due 2013 (the “New Notes”) in an aggregate principal amount of up to US$500,000,000 for all of its outstanding 8.75% Notes due 2013 (the “Original Notes”). The New Notes are free of the transfer restrictions that apply to the Original Notes, but otherwise have substantially the same terms as the Original Notes, including the guarantee by AmBev.

The Exchange Offer, which was previously scheduled to expire at 5:00 p.m., New York City time, on September 8, 2004, will now expire at 5:00 p.m., New York City time, on September 15, 2004. The Exchange Offer was extended to give holders of the Original Notes an additional opportunity to exchange
their notes. The Common Code and the ISIN numbers for the Rule 144A Original Notes are 017685309 and US20441XAC65, respectively, and the Common Code and the ISIN numbers for the Regulation S Original Notes are 017685368 and USP3057RAC36, respectively.

10 September, 2004