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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 February 17, 2012, the members of the Company’s Board of Directors approved the distribution of (i) dividends with respect to the results of the 2011 fiscal year, at R$0.6000 per common share and R$0.6600 per preferred share, without withholding income tax, pursuant to applicable law; and (ii) interest on own capital (“IOC”) with respect to the results of the 2012 fiscal year and attributed to minimum mandatory dividends for 2012, at the total amount of R$0.1800 per common share and R$0.1980 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$0.1530 per common share and R$0.1683 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 November 18, 2011. Shareholders who did not confirm such qualification, or who confirmed such qualification solely for the payment made on November 18, 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 February 28, 2012. In case such qualification is not received by then, income tax shall be withheld.

The aforementioned payments shall be made as from April 10, 2012, whereas the dividends distribution shall be subject to the approval by the Annual General Meeting which shall resolve upon the financial statements related to the fiscal year of 2011, and the interest on own capital distribution to the approval by the Annual General Meeting which shall resolve upon the financial statements related to the fiscal year of 2012. The record date shall be February 29, 2012 for BM&FBovespa shareholders and March 5, 2012 for ADR holders, without any monetary adjustment. Shares and ADRs shall be traded ex-dividends as from March 1st, 2012.


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, February 17, 2011.

Companhia de Bebidas das Américas - Ambev

Nelson José Jamel
Investor Relations Officer

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