In the face of hard time InBev closed a successful third quarter

Beer volumes increased 3.6% organically in 3Q07 year-on-year (yoy), with volume growth in all Zones except Western Europe. Year to date, overall beer
volumes were 4.8% higher.

Reveneu
grew by 4.8% in the third quarter, due to higher volumes and an increase in
revenue per Hl of 1.3%, or +2.9% eliminating the impact of the change in geographic
mix. During the first nine months of 2007, revenue was 7.0% higher, as the result
of 1.8% higher revenue per Hl and increased volumes.
InBev
acquired 121 million euro of InBev shares during the third quarter as part of
our share buyback programs. Combining the program launched in February and
completed in August, and the new one announced in August, each for up to 300
million euro, in total YTD InBev has already acquired 356 million euro of its
own shares.