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| Very                  truly yours,                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                  |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Interbrew                  S.A.                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                  |
| By:                      /s/ Jo Van                  Biesbroeck                                                                                                            | By:                         /s/ Yves                  Lefebure                                              |
| Name:                  Jo Van BiesbroeckTitle:                  Senior VP Corporate Strategy                                                                                                                                                                                                                                          | Name:                  Yves LefebureTitle:                  Deputy Corporate General Counsel                                                                                                                                                                                     |
|                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                  |
| CONFIRMED                  AND AGREED TO:                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                                                  |
| Companhia                  de Bebidas das Américas -- AmBev                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                  |
| By:                        /s/ Felipe                  Dutra                                                        | By:     /s/                  Pedro                  Mariani                                                                     |
| Name:                  Felipe DutraTitle:                  CFO                                                                                                                                                                                                                                                                        | Name:                  Pedro MarianiTitle:                  General Counsel                                                                                                                                                                                                      |