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Ambev announces the distribution of dividends and IOC

Notice to Shareholders

We hereby announce to the shareholders of Companhia de Bebidas das Américas - Ambev (“Company”) that, as indicated in the Minutes of the Board of Directors’ Meeting held on September 19, 2011, the members of the Company’s Board of Directors approved the distribution of (i) dividends to be deducted from the Additional Dividends reserve and attributed to minimum mandatory dividends for 2010 at R$0.622 per common share and R$0.6842 per preferred share, without withholding income tax, pursuant to applicable law; and (ii) interest on own capital (“IOC”), to be deducted from the investments reserve and attributed to minimum mandatory dividends for 2011, at the total amount of R$0.1000 per common share and R$0.1100 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$0.085 per common share and R$0.0935 per preferred share, except for legal entities exempt from withholding tax pursuant to Article 5 of Law 11,053/04, as amended by Law 11,196/05, which have confirmed such qualification by means of specific notice sent to the Company in view of the last payment of earnings on August 5, 2011. Shareholders who did not confirm such qualification, or who confirmed such qualification solely for the payment made on August 5, 2011, shall provide specific notice to such effect to Companhia de Bebidas das Américas - Ambev, Área de Ações, c/o Nilson Casemiro - Rua Dr. Renato Paes de Barros, n° 1.017, 4° andar, CEP 04530-001, São Paulo/SP, Brazil, by no later than November 3rd, 2011. In case such qualification is not received by then, income tax shall be withheld.

The aforementioned payments shall be made as from November 18, 2011 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 2011. The record date shall be September 30, 2011 for BM&FBovespa shareholders and October 5, 2011 for ADR holders. Shares and ADRs shall be traded ex-dividends as from October 3rd, 2011.


Shareholders who have already indicated a bank account shall have their credits available at the informed account. Shareholders who have not provided such indication shall receive from Banco Bradesco S.A., as depositary bank, at their stated address, a notice containing information with respect to the payment. Such notice shall be presented at one of Banco Bradesco’s branches along with the appropriate deposit instructions. Shareholders who hold their shares under a fiduciary custody arrangement shall have their proceeds available according to procedures adopted by the appropriate stock exchange.

São Paulo, September 19, 2011.

Companhia de Bebidas das Américas - Ambev

Nelson José Jamel
Investor Relations Officer

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+(55 11) 2122-1414 / 2122-1415

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