A/B Gains a bit in 4th Quarter

Company is down 1.8 percent for year

Anheuser-Busch, Inc. reported fourth quarter 2005 domestic beer shipments to wholesalers increased 0.8 percent over fourth quarter 2004. For the full year 2005 beer shipments by Anheuser-Busch to wholesalers were 101.1 million barrels, a 1.8 percent decrease compared with 2004 as the company reduced wholesaler inventories below 2004 year-end levels.

Fourth quarter 2005 wholesaler sales-to-retailers in the U.S. increased by 2.7 percent over fourth quarter 2004. For the full year, wholesaler sales-to-retailers increased 0.2 percent compared with 2004.

“The company’s initiatives to enhance beer volume and market share growth are working and our recent volume results have been encouraging,” said Busch. “Wholesaler sales-to-retailers have increased 1.8 percent since Labor Day. Also, during the second half of 2005 the company’s market share has increased in supermarkets, according to IRI data and wholesaler sales-to-retailers increased 0.8 percent (selling day adjusted) over the comparable 2004 period.”

“We are pleased with the progress of our current initiatives and believe Anheuser-Busch is positioned for growth in volume and profits in 2006,” concluded Busch.