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Notice to Shareholders - Capital Increase

Notice to Shareholders - Capital Increase

The Board of Directors approved and homologated, in a meeting held on March 23, 2020 at 12:00 pm, pursuant to the terms of Article 6 of the Company’s Bylaws and Article 168 of Brazilian Law No. 6,404/76, the issuance of new common shares as a result of the exercise, by certain beneficiaries, of options granted under the "First Program for the year of 2015 of the Company’s Stock Option Plan", approved by the Board of Directors on March 4, 2014, within the scope of the Stock Option Plan, as approved by the Shareholders’ General Meeting held on July 30, 2013.

I. Date of approval of the stock option plan by the Shareholders’ General Meeting

The Stock Option Plan was approved by the Shareholders’ General Meeting held on July 30, 2013.

II. Capital Increase Amount and New Capital Stock

III. Amount of issued shares per type and class

1.542.676 new common shares with no par value.

IV. Issuance price of the new shares

V. Price for each of the issuer’s types and classes of shares in the respective markets in which the shares are negotiated, identifying:

i. Lower, average and highest market price on each of the last three (3) years

ii. Lower, average and highest price on each quarter of the last two (2) years

iii. Lower, average and highest price on each month of the last six (6) months

iv. Average price on the last ninety (90) days

VI. Potential dilution percentage arising from the issuance

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São Paulo, March 23, 2020.

AMBEV S.A.
Fernando Mommensohn Tennenbaum
Chief Financial and Investors Relations Officer





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Phone:
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Email:
ri@Ambev.com.br

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