Ambev S A : March - Treasury Form

INDIVIDUAL FORM

Article 11 - CVM Instruction # 358/2002

In March 2021:

1. the only transactions with securities and derivatives were those presented below, in compliance with Article 11 - CVM Instruction # 358/2002.(1)
   ( ) no securities and derivatives operations took place, in compliance with Article 11 - CVM Instruction # 358/2002, with my securities and derivatives positions as follows.

Company Name: Ambev S.A.

Name: Ambev Luxembourg S.À.R.L.				CPF/CNPJ:
Qualification: Subsidiary (controlled)
			Initial Balance
Securities / Derivatives		Securities Characteristics (2)				Quantity
Derivatives		Swap referenced in Shares				30,039,800
Derivatives		Swap referenced in ADR				26,974,653
			Transactions in the month
Securities /	Securities	Intermediary	Operation	Day	Quantity		Price	Volume (3)
Derivatives	Characteristics (2)
Derivatives	Swap referenced	Banco	Total Return Swap	8	1,411,700		R$ 14.69000	R$ 20,737,873.00
	Bradesco
	in Shares	Maturity
Derivatives	Swap referenced	Banco	Total Return Swap	8	1,411,700		R$ 14.69000	R$ 20,737,873.00
	in Shares	Bradesco	Conclusion
Derivatives	Swap referenced	Banco	Total Return Swap	12	1,450,000		R$ 15.03000	R$ 21,793,500.00
	in Shares	Bradesco	Maturity
Derivatives	Swap referenced	Banco	Total Return Swap	12	1,450,000		R$ 15.03000	R$ 21,793,500.00
	in Shares	Bradesco	Conclusion
			Final Balance
Securities / Derivatives		Securities Characteristics (2)				Quantity
Derivatives		Swap referenced in Shares				30,039,800
Derivatives		Swap referenced in ADR				26,974,653

1. When filling in the form, delete the lines that do not have any information. If there is no acquisition/change in the position of any person in relation to Article 11 - CVM Instruction # 358/2002, send a statement with that information.
2. Issue/Series, convertibility, simple, term, guaranties, type/class, among others.
3. Quantity multiplied by price.

(*) Each ADR is equivalent to 1 (one) share.

INDIVIDUAL FORM

Article 11 - CVM Instruction # 358/2002

In March 2021:

1. the only transactions with securities and derivatives were those presented below, in compliance with Article 11 - CVM Instruction # 358/2002.(1)
   ( ) no securities and derivatives operations took place, in compliance with Article 11 - CVM Instruction # 358/2002, with my securities and derivatives positions as follows.

Company Name: Ambev S.A.

Name: Ambev S.A.					CPF/CNPJ: 07.526.557/0001-00
Qualification: Outstanding Shares in Treasury
			Initial Balance
Securities / Derivatives		Securities Characteristics (2)				Quantity
	Shares		Common					210,166
	ADR		Common					0
			Transactions in the month
Securities /	Securities
Characteristics	Intermediary	Operation	Day	Quantity		Price	Volume (3)
Derivatives
(2)
Ações	Ordinárias	Direct with the	Delivery of	29	457,571		R$ 14.21	R$ 6,502,083.91
		Company	Deferred
			Shares (PSU)
Ações	Ordinárias	Direct with the	Exerc Options	30	38,080		R$ 11.972	R$ 455,893.76
		Company
			Total Sell		495,651			R$ 6,957,977.67
Ações	Ordinárias	Itaú Corretora	Buy	19	106,800		R$ 15.40	R$ 1,644,720.00
Ações	Ordinárias	Itaú Corretora	Buy	19	10,800		R$ 15.41	R$ 166,428.00
Ações	Ordinárias	Itaú Corretora	Buy	19	8,500		R$ 15.42	R$ 131,070.00
Ações	Ordinárias	Itaú Corretora	Buy	19	14,200		R$ 15.43	R$ 219,106.00
Ações	Ordinárias	Itaú Corretora	Buy	19	31,100		R$ 15.44	R$ 480,184.00
Ações	Ordinárias	Itaú Corretora	Buy	19	121,800		R$ 15.45	R$ 1,881,810.00
Ações	Ordinárias	Itaú Corretora	Buy	19	48,700		R$ 15.46	R$ 752,902.00
Ações	Ordinárias	Itaú Corretora	Buy	19	75,700		R$ 15.47	R$ 1,171,079.00
Ações	Ordinárias	Itaú Corretora	Buy	19	37,300		R$ 15.48	R$ 577,404.00
Ações	Ordinárias	Itaú Corretora	Buy	19	103,400		R$ 15.49	R$ 1,601,666.00
Ações	Ordinárias	Itaú Corretora	Buy	19	157,900		R$ 15.50	R$ 2,447,450.00
Ações	Ordinárias	UBS Corretora	Buy	22	126,400		R$ 15.48	R$ 1,956,672.00
Ações	Ordinárias	UBS Corretora	Buy	22	77,300		R$ 15.49	R$ 1,197,377.00
Ações	Ordinárias	UBS Corretora	Buy	22	957,800		R$ 15.50	R$ 14,845,900.00
Ações	Ordinárias	UBS Corretora	Buy	23	600,000		R$ 15.40	R$ 9,240,000.00
Ações	Ordinárias	Direct with the	Buy - Plan of	30	38,080		R$ 15.59	R$ 593,667.20
		Company	Shares
			Acquisition
			Total Buy		2,515,780			R$ 38,907,435.20
			Final Balance
Securities / Derivatives		Securities Characteristics (2)				Quantity
	Shares		Common					2,230,295
	ADR		Common					0

1. When filling in the form, delete the lines that do not have any information. If there is no acquisition/change in the position of any person in relation to Article 11 - CVM Instruction # 358/2002, send a statement with that information.
2. Issue/Series, convertibility, simple, term, guaranties, type/class, among others.
3. Quantity multiplied by price.

(*) Each ADR is equivalent to 1 (one) share.