Ambev S A : Manual - Ordinary and Extraordinary General Meetings

MANUAL FOR THE ORDINARY AND EXTRAORDINARY

GENERAL SHAREHOLDERS' MEETINGS

TO BE HELD ON APRIL 29, 2021

INDEX

• 1. Message from the Co-Chairman of the Board of Directors

• 2. General Information - Procedures and Deadlines

• 3. Call Notice

• 4. Information Regarding the Matters in the Agenda

  • 4.1 Ordinary Shareholders' Meeting

  • 4.2 Extraordinary Shareholders' Meeting

  • 4.3 Published Documents to the Shareholders

• 5. Exhibit - Management Proposal

MESSAGE FROM THE CO-CHAIRMAN OF THE BOARD OF DIRECTORS

São Paulo, March 29, 2021.

To the Shareholders,

We are delighted to invite you to read our Manual for the Ordinary and Extraordinary General

Shareholders' Meetings of Ambev S.A. ("Company") to be held, cumulatively, on April 29, 2021, at 2:00 pm, at the Company's headquarters ("AGOE").

The main matters in the agenda for the AGOE are, in short: in the Annual Shareholders' Meeting, (i) analysis and approval of the management accounts and examination, discussion and voting on the financial statements of the Company for the fiscal year ended December 31, 2020; (ii) resolution on the allocation of the net profits for the year ended December 31, 2020, and ratification of the payment of interest on own capital and dividends related to the fiscal year ended December 31, 2020, approved by the Board of Directors at meetings held, respectively, on December 9 and 21, 2020 and; (iii) election of the effective and alternate members of the Fiscal Council for a term in office of one (1) year, which shall end on the Annual Shareholders' Meeting to be held in 2022; (iv) establishment of the overall compensation of the management and the members of the Fiscal Council for year 2021; and, in the Extraordinary Shareholders' Meeting, (v) amendment of the Company's by-laws to: (a) amend the heading of article 2 to reflect the change in the management body responsible for deciding on the opening, maintenance and closure of branches, offices, deposits or representation agencies of the Company; (b) amend items "b", "h", "i" and "m" and include items "o" and "p", all

of article 3 to detail in the corporate purpose the ancillary activities related to the main activities performed by the Company; (c) amend the heading of article 5 in order to reflect the capital increases approved by the Board of Directors up to the date of the AGOE, within the authorized capital limit; (d) amend item "s" of article 21 to specify the competence of the Board of Directors when deciding on the participation of the Company in other companies and ventures; and (vi) consolidation of the

Company's Bylaws.

The Call Notice included in item 3 of this Manual describes in detail the matters included in the agenda to be resolved on the AGOE. Additional Information may be found in the Management Proposal, an exhibit to this Manual.

We encourage the participation of all shareholders in our AGOE and, considering the current recommendations of the Health Ministry, the State Government of São Paulo and the City Hall of São Paulo for the prevention and confrontation of coronavirus (COVID-19), and aiming at the safety of its shareholders, the Company suggests that, if possible, preference should be given to using the distance voting instruments, specially by sending such instruments through the service providers that are able to collect and transmit instructions for filling out the voting instruments (custodian or Banco

Bradesco S.A., as the bookkeeper of the Company's shares), given the greater simplicity of such

procedure.

Sincerely,

Victorio Carlos De Marchi

GENERAL INFORMATION - PROCEDURES AND DEADLINES

The participation of the shareholders in the AGOE is of great importance. The Ordinary Shareholders' Meeting will be declared open upon a first call with the attendance of shareholders representing at least 1/4 of the voting capital. The Extraordinary Shareholders' Meeting will be declared open upon a first call with the attendance of shareholders representing at least 2/3 of the voting capital. We note that, should there not be sufficient quorum for declaring the shareholders' meetings open, a new call will take place. Upon a second call, the shareholders' meetings will be declared open with any number of shareholders present.

The participation of the shareholders may be in person, by proxy or by distance voting.

2.1.

IN PERSON

The shareholders willing to participate in person in the AGOE shall be present at 2:00 pm on April 29, 2021, at the Company's headquarters, located at Rua Dr. Renato Paes de Barros, 1,017, 4th floor,

Itaim Bibi, in the City and State of São Paulo, wearing a protective mask, according to coronavirus (COVID-19) safety and prevention protocols, with the following documents:

2.1.1. Individuals

Identity document with photo of the shareholder (Identity Card (RG), Foreigner's Identity Card

(RNE), Driver's License (CNH), passport or a document issued by a duly recognized professional association); and

Extract stating their respective stock ownership, issued by the custodian entity, within 48 hours prior to the date of the AGOE, for the shareholders taking part in the Registered Stocks Fungible Custody of B3 S.A. - Brasil, Bolsa, Balcão ("B3").

2.1.2. Legal Entities

(a) last consolidated by-laws or articles of association, as the case may be, (b) other documents that evidence the powers granted to the legal representative(s) of the shareholder, pursuant to its by-laws or articles of association, including, without limitation, minutes of election of directors, officers, powers of attorney, etc., and (c) identity document with photo of the legal representative(s); and

Extract stating their respective stock ownership, issued by the custodian entity, within 48 hours prior to the date of the AGOE, for the shareholders taking part in the Registered Stocks Fungible Custody of B3.

2.1.3. Investment Funds

(a) last consolidated regulations of the fund, (b) by-laws or articles of association of its administrator or manager, as the case may be, subject to the voting policy of the fund, (c) other documents that evidence the powers granted to the legal representative(s) of the manager or administrator of the fund, as the case may be, and (d) identity document with photo of the legal representative(s); and

Extract stating their respective stock ownership, issued by the custodian entity, within 48 hours prior to the date of the AGOE, for the shareholders taking part in the Registered Stocks Fungible Custody of B3.

2.2.

PROXY

The shareholders that are unable to attend the AGOE may be represented by a proxy granted within less than one year, pursuant to article 126, §1 of Law No. 6,404/76. In this case, in order to take part in the AGOE, the shareholder's representative must bear an instrument attesting the respective powers of representation at the AGOE.

Exceptionally due to the coronavirus pandemic, in order to facilitate the participation at a distance in the AGOE, the Company waives the formalities of signature certification and notarization, consularization and sworn translation of the proxies granted by shareholders, as applicable, which may be signed by digital certificate.

The Company requires that, if possible, the powers of attorney with special powers of representation in the AGOE are (a) filed in the Company's headquarters, directed to the Legal Department, to the attention of the Legal Vice President Officer, Mrs. Letícia Rudge Barbosa Kina; or (b) sent to the email of the Company's Investor Relations Department([e-mail]), with at least 3 business days in advance of the date set forth for the meeting.

2.3.

DISTANCE VOTING

The shareholder that elects to exercise its distance voting right may do so by sending its voting instrument to the services providers that are able to collect and transmit instructions for filling out the instrument, or directly to the Company.

The shareholders may send the instructions for completion of the distance voting instrument to service providers which provide services of collection and transmission of instructions for completion of the distance voting instrument, such as:

• (i) the shareholder's custodian, in case the shares are deposited in a central depository; or

• (ii) Banco Bradesco S.A., as the financial institution hired by the Company to provide securities bookkeeping services, in case the shares are not deposited in a central depository.

If the shareholder wishes to vote at distance by sending the voting instrument directly to the Company, it shall send the documents below to the Company (a) at Rua Dr. Renato Paes de Barros, 1017, 4th floor, ZIP Code 04530-001, São Paulo/SP, to the attention of the Investor Relations Department (Departamento de Relações com Investidores); or, alternatively, (b) to the email of the Company's Investor Relations Department([e-mail]):

(i) distance voting instrument concerning the general meeting, duly filled out and signed, with all of its pages initialized, being allowed signatures by digital certificate;

• (ii) extract containing their respective stock ownership; and

(iii)copy of the following documents:

• • for individuals - identity document with photo of the shareholder;

• • for legal entities - (a) last consolidated by-laws or articles of association, as the case may be, (b) other documents that evidence the powers granted to the legal representative(s) of the shareholder, pursuant to its by-laws or articles of association, including, without limitation, minutes of election of directors, officers, powers of attorney, etc., and (c) identity document with photo of the legal representative(s);

• • for investment funds - (a) last consolidated regulations of the fund, (b) by-laws or articles