Ambev - Investor Relations Mobile
Minute of the Board of Directors Meeting

Minutes of the Meeting of the Board of Directors of Companhia de Bebidas das Américas - AmBev (the “Company”), held on September 27, 2010, drawn up in summary form.

1. Date, time and venue: On September 27, 2010, starting at 5:00 p.m., at the Company’s headquarters, located in the City of São Paulo, State of São Paulo, at Rua Dr. Renato Paes de Barros, 1017, 4th floor.

2. Attendance: Messrs. Victório Carlos De Marchi and Carlos Alves de Brito, co-Chairmen, and Messrs. Marcel Herrmann Telles, Roberto Moses Thompson Motta, Roberto Herbster Gusmão, José Heitor Attilio Gracioso and Luis Felipe Pedreira Dutra Leite.

3. Board: Chairman: Victório Carlos De Marchi; Secretary: Pedro de Abreu Mariani.

4. Resolutions: It was unanimously and unrestrictedly resolved by the Directors who attended the meeting:

4.1. Ratification of the Capital Increase. To verify the subscription and payment, by the shareholders of the Company, of 567,200 newly issued ordinary shares and 932,479 newly issued preferred shares, issued pursuant to the General Shareholders’ Meeting held on April 28, 2010, representing, therefore, an increase in the capital stock of the Company in the amount of R$246,375,962.38. As a result of such resolution, the capital stock of the Company is now of R$7,613,780,458.28, divided into 620,872,208 shares, being 348,777,738 common shares and 272,094,470 preferred shares and allocate the amount of R$8,335,316.53 as capital reserve, in the “Goodwill Reserve on Subscribed Shares” account. The newly issued shares shall participate in equal conditions to other shares in all benefits and advantages that may be declared as from the date hereof.

4.2. Preparation of an Extraordinary Balance Sheet. To determine, pursuant to Paragraph 1 of Article 35 of the Company’s By-laws, the preparation of an extraordinary balance sheet as of August 31, 2010.

4.3. Distribution of dividends and interest on own capital. To approve, (i) dividends in connection with the results set forth in the extraordinary balance sheet dated of August 31, 2010 and attributed to minimum mandatory dividends for 2010 at R$2.16 per common share and R$2.376 per preferred share, without withholding income tax, pursuant to applicable law; and (ii) interest on own capital (“IOC”) in connection with the results set forth in the extraordinary balance sheet dated of August 31, 2010 and attributed to minimum mandatory dividends for 2010 at R$0.9300 per common share and R$1.0230 per preferred share. The distribution of IOC shall be taxed pursuant to applicable law, which shall result in a net distribution of IOC of R$0.7905 per common share and R$0.86955 per preferred share.

4.3.1. The aforementioned payments shall be made as from October 14, 2010 without any monetary adjustment, subject to the approval by the Annual General Meeting which shall resolve upon the financial statements related to the fiscal year of 2010. The record date shall be September 29, 2010 for BM&FBovespa shareholders and October 4, 2010 for ADR holders. Shares and ADRs shall be traded ex-dividends as from September 30, 2010.

5. Closure: With no further matters to be discussed, the present Minutes were drawn up and, after being read and approved by all of the members of the Company’s Board of Directors who attended the meeting, were duly executed.

São Paulo/SP, September 27, 2010.

/s/ Victório Carlos De Marchi /s/ Carlos Alves Brito
/s/ Marcel Herrmann Telles /s/ Roberto Moses Thompson Motta
/s/ Roberto Herbster Gusmão /s/ José Heitor Attilio Gracioso
/s/ Luis Felipe Pedreira Dutra Leite /s/ Pedro de Abreu Mariani
Secretary

To access the full release, please click here


Contact IR

Phone:
+(55 11) 2122-1414 / 2122-1415
Email:
ri@Ambev.com.br

©2012 Ambev

Investor Relations

All Rights Reserved