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Ambev Reports 2010 Fourth Quarter Results Under IFRS

AMBEV REPORTS 2010 FOURTH QUARTER RESULTS UNDER IFRS

São Paulo, March 3, 2011 - Companhia de Bebidas das Américas - AmBev [BOVESPA: AMBV4, AMBV3; and NYSE: ABV, ABVc] announces today its results for the 2010 fourth quarter (Q4 2010). The following financial and operating information, unless otherwise indicated, is presented in nominal Reais and prepared in accordance with International Financial and Reporting Standards (IFRS), and should be read in conjunction with our quarterly financial information for the three and twelve months period ended December 31, 2010 filed with the CVM and submitted to the SEC.

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