Common use of LAWS OF THE COMPANY Clause in Contracts

LAWS OF THE COMPANY. 11.1. The mandatory minimum dividend foreseen in the bylaws of the Company shall be increased to 35% (thirty five percent), and the current rule that provides for the stability of this percentage during a period of 30 years shall be maintained, the parties undertaking to effect such amendment in the first shareholders meeting to be held. Being thereby in due agreement, the Shareholders hereby sign this instrument in 5 (five) identical copies. [execution page of the First Amendment to Companhia de Bebidas das Americas - AMBEV executed on the date below] Sao Paulo, March 3, 2004. /s/ Jose Heitor Atilio Gracioso /s/ Victorio Carlos de Marchi Xxxxxxao Antonio e Hxxxxx Xxxxxxxxx Instituicao Nacional de Benefixxxxxx /s/ Marcel Herrmann Telles /s/ Jorge Paulo Lemann /s/ Carlos Albertx xx Xxxxx Xxxxxxxx /x/ Robxxxx Txxxxxxx Xxxxs Motta Braco X.X. /x/ Xarcel Herrmann Telles /s/ Jorge Paulo Lemann /s/ Carlos Albertx xx Xxxxx Xxxxxxxx /x/ Robxxxx Txxxxxxx Xxxxs Motta Xxxxxxx de Administracxx x Xxxxxxxxxxxex X.X. /s/ Jose Adilson Miguel /s/ Claudio Braz Ferro Companxxx xx Xxxxxxx xxx Amerixxx - Xxxxx /s/ Jorge Paulo Lemann Jorge Paulo Lemann /x/ Xxxxxx Xxxxxxxx Xxxxxx Marcel Herrmann Txxxxx /s/ Carlos Alberto da Xxxxx Xxxxxxxx Carlos Alberxx xx Xxxxx Xxxxxxxx /s/ Francois Jaclot /x/Xxxx X. Brock ----------------------- --------------------- Francois Jaclot John F. Brock Interbrew S.A. Witnesxxx:

LAWS OF THE COMPANY. 11.1. The mandatory minimum dividend foreseen in the bylaws of the Company shall be increased to 35% (thirty five percent), and the current rule that provides for the stability of this percentage during a period of 30 years shall be maintained, the parties undertaking to effect such amendment in the first shareholders meeting to be held. Being thereby in due agreement, the Shareholders hereby sign this instrument in 5 (five) identical copies. [execution page of the First Amendment to Companhia de Bebidas das Americas - AMBEV executed on the date below] Sao Paulo, March 3, 2004. /s/ Jose Heitor Atilio Xxxx Xxxxxx Xxxxxx Gracioso /s/ Victorio Carlos de Marchi Xxxxxxao Xxxxxxxx Xxxxxx xx Xxxxxx Fundacao Antonio e Hxxxxx Xxxxxx Xxxxxxxxx Instituicao Nacional de Benefixxxxxx Beneficencia /s/ Marcel Herrmann Telles /s/ Jorge Paulo Lemann /s/ Carlos Albertx xx Xxxxx Xxxxxxxx /x/ Robxxxx Txxxxxxx Xxxxs Motta Braco X.X. /x/ Xarcel Herrmann Telles /s/ Jorge Paulo Lemann /s/ Carlos Albertx xx Xxxxx Xxxxxxxx /x/ Robxxxx Txxxxxxx Xxxxs Motta Xxxxxxx de Administracxx x Xxxxxxxxxxxex X.X. /s/ Jose Adilson Miguel /s/ Claudio Braz Ferro Companxxx xx Xxxxxxx xxx Amerixxx - Xxxxx /s/ Jorge Paulo Lemann Jorge Paulo Lemann /x/ Xxxxxx Xxxxxxxx Xxxxxx Marcel Herrmann Txxxxx /s/ Carlos Alberto da Xxxxx Xxxxxxxx Carlos Alberxx Xxxxx Xxxxxx /s/ Xxxxxx Xxxxxxx xx Xxxxx Sicupira /s/ Xxxxxxx Xxxxxxxx Xxxxx Xxxxx Xxxxx X.X. /s/ Xxxxxx Xxxxxxxx Xxxxxx /s/ Xxxxx Xxxxx Xxxxxx /s/ Xxxxxx Xxxxxxx xx Xxxxx Sicupira /s/ Xxxxxxx Xxxxxxxx Xxxxx Xxxxx Empresa de Administracao e Participacoes S.A. /s/ Xxxx Xxxxxxx Xxxxxx /s/ Xxxxxxx Xxxx Xxxxx Companhia de Bebidas das Americas - Ambev /s/ Xxxxx Paulo Xxxxxx Xxxxx Xxxxx Xxxxxx /s/ Xxxxxx Xxxxxxxx Xxxxxx Xxxxxx Xxxxxxxx Xxxxxx /s/ Xxxxxx Xxxxxxx xx Xxxxx Sicupira Xxxxxx Xxxxxxx xx Xxxxx Sicupira /s/ Francois Jaclot /x/s/Xxxx X. Brock ----------------------- --------------------- Xxxxx Francois Jaclot John F. Brock Xxxx X. Xxxxx Interbrew S.A. Witnesxxx:Witnesses: /s/ Marcio Xxxxxxxxx Xxxxx Xxxxxx /s/ Xxxxxxx Xxxxxxx de Xxxxxxx x Xxxxx Name: Marcio Xxxxxxxxx Xxxxx Xxxxxx Name: Xxxxxxx Xxxxxxx xx Xxxxxxx e Xxxxx X.X.: 14.114.166 R.G.: 6.122.637-0 SSP/PR

LAWS OF THE COMPANY. 11.1. The mandatory minimum dividend foreseen in the bylaws of the Company shall be increased to 35% (thirty five percent), and the current rule that provides for the stability of this percentage during a period of 30 years shall be maintained, the parties undertaking to effect such amendment in the first shareholders meeting to be held. Being thereby in due agreement, the Shareholders hereby sign this instrument in 5 (five) identical copies. [execution page of the First Amendment to Companhia de Bebidas das Americas - AMBEV executed on the date below] Sao Paulo, March 32, 2004. /s/ Jose Heitor Atilio Gracioso /s/ Victorio Carlos de Marchi Xxxxxxao Xxxxxxxo Antonio e Hxxxxx Hexxxx Xxxxxxxxx Instituicao Nacional de Benefixxxxxx Beneficxxxxx /s/ Marcel Herrmann Telles /s/ Jorge Paulo Lemann /s/ Carlos Albertx Alberto xx Xxxxx Xxxxxxxx /x/ Robxxxx Txxxxxxx Xxxxs Robexxx Xhxxxxxx Xxxxx Motta Braco X.X. /x/ Xarcel Xxrcel Herrmann Telles /s/ Jorge Paulo Lemann /s/ Carlos Albertx Alberto xx Xxxxx Xxxxxxxx /x/ Robxxxx Txxxxxxx Xxxxs Robexxx Xhxxxxxx Xxxxx Motta Xxxxxxx de Administracxx xe Administracax x Xxxxxxxxxxxex Xxxxxxxxxxxxs X.X. /s/ Jose Adilson Miguel /s/ Claudio Braz Ferro Companxxx Companhxx xx Xxxxxxx xxx Amerixxx Xmericxx - Xxxxx /s/ Jorge Paulo Lemann Jorge Paulo Lemann /x/ Xxxxxx Xxxxxxxx Xxxxxx Marcel Herrmann Txxxxx Texxxx /s/ Carlos Alberto da Xxxxx Vxxxx Xxxxxxxx Carlos Alberxx Albertx xx Xxxxx Xxxxxxxx /s/ Francois Jaclot /x/Xxxx X. Brock ----------------------- --------------------- Francois Jaclot John F. Brock Interbrew S.A. WitnesxxxWitnessxx: