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Ambev reports 2014 second quarter results Under IFRS

AMBEV REPORTS 2014 SECOND QUARTER RESULTS UNDER IFRS

São Paulo, July 31, 2014 - Ambev S.A. [BOVESPA: ABEV3; NYSE: ABEV] announces today its results for the 2014 second quarter. The following operating and financial information, unless otherwise indicated, is presented in nominal Reais and prepared according to International Financial Reporting Standards (IFRS), and should be read together with our quarterly financial information for the six-month period ended June 30, 2014 filed with the CVM and submitted to the SEC.

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