1. 66
Anheuser-Busch compAnies, inc. 2007 AnnuAl report
A n h e u s e r -B usch compAnies, inc.
strategy committee Keith m. KAsen roBert c. lAchKy teresA h. voGt
chairman of the Board and executive vice president — vice president — communications
AuGust A. Busch iv
chief executive officer — Global industry and
president and michAel F. roche
Busch entertainment corporation creative Development —
chief executive officer — vice president — national Affairs
Anheuser-Busch, inc.
Anheuser-Busch companies, inc. Joseph p. cAstellAno
GAry r. AlDenDerFer
vice president and DAviD A. peAcocK
W. rAnDolph BAKer vice president — internal Audit
chief information officer — vice president — marketing —
vice president and
DAviD c. sAuerhoFF
Anheuser-Busch, inc. Anheuser-Busch, inc.
chief Financial officer —
vice president — investor relations
Anheuser-Busch companies, inc. michAel J. oWens John t. FArrell
Dennis J. Gelner
vice president — vice president — corporate
thomAs W. sAntel
vice president and tax controller
Business operations — human resources —
president and
Anheuser-Busch, inc. Anheuser-Busch companies, inc.
JAmes G. BricKey
chief executive officer —
vice president — human resources
Anheuser-Busch international, inc. Anthony t. ponturo GAry l. rutleDGe
and total rewards
vice president — vice president — Global vice president — legal and
corporate planning — media and sports marketing — Government Affairs —
roBert J. GolDen
Anheuser-Busch companies, inc. Anheuser-Busch, inc. Anheuser-Busch companies, inc.
vice president — mergers and
Acquisitions
stephen J. BurroWs John F. Kelly
other officers of
president and vice president and controller —
lAurA h. reeves
Anheuser-Busch
chief executive officer — Anheuser-Busch companies, inc.
Assistant secretary
Anheuser-Busch Asia, inc.
companies, inc.
mArlene v. coulis
WilliAm J. mAyor
DouGlAs J. muhlemAn vice president — consumer
Assistant controller
JoBeth G. BroWn
Group vice president — strategy and innovation —
vice president and secretary roBert J. hAire
Brewing operations and technology Anheuser-Busch, inc.
Assistant controller
— Anheuser-Busch, inc. WilliAm J. Kimmins Jr.
michAel s. hArDinG
vice president and treasurer mArK A. rAWlins
FrAncine i. KAtZ chief executive officer
Assistant treasurer
vice president — communications and president — lisA A. Joley
and consumer Affairs — Anheuser-Busch packaging vice president and General counsel DAniel t. KrAus
Anheuser-Busch, inc. Group, inc.
Assistant treasurer
sABrinA m. Wrenn
vice president — labor and
Benefits law
p r i n c i pA l oFF icers o F Anheuser- Busch compAnies su Bsi DiA ries
Anheuser-Busch, inc. Anthony t. ponturo evAn c. AthAnAs Joseph D. DAnKleF
vice president — Global media and vice president — sales and vice president — sales, southeast
AuGust A. Busch iv
sports marketing Wholesale operations Division
chairman of the Board and henry DominGueZ
president mArlene v. coulis AnDreW r. BAlDonADo vice president — sales, southwest
vice president — consumer region vice president (West) —
DouGlAs J. muhlemAn DAviD r. enGlish
strategy and innovation Government Affairs
Group vice president — Brewing vice president — marketing
operations and technology roBert c. lAchKy JoBeth G. BroWn strategy and communication
executive vice president — Global vice president and secretary
FrAncine i. KAtZ roDney D. Forth
industry and creative Development
vice president — communications mArie c. cArroll region vice president (central) —
and consumer Affairs DAviD A. peAcocK vice president — Government Affairs
vice president — marketing Finance and planning
Joseph p. cAstellAno Johnny Furr Jr.
vice president and thomAs J. ADAmitis John p. colemAn vice president — community Affairs
chief information officer vice president — procurement vice president — sales, West
Dennis J. Gelner
michAel J. oWens timothy e. ArmstronG phillip J. colomBAtto vice president and tax controller
vice president — vice president — vice president — Quality Assurance
Business operations transportation and logistics (Continued on page 67)

2. 67
Anheuser-Busch compAnies, inc. 2007 AnnuAl report
prinCipal offi C ers of anheuser-busCh Companies subsidiaries Continued
Anheuser-Busch Anheuser-Busch
GAry m. GolDstein DAviD l. hAmmer
vice president — vice president — human resources
international, inc. packaging
on-premise chain sales and
Group, inc. DAviD r. smith
AuGust A. Busch iv
Draught Beer Development
vice president — entertainment
chairman of the Board
DouGlAs J. muhlemAn
Joseph F. JeDlicKA iii
DAviD c. White
chairman of the Board
thomAs W. sAntel
vice president — legal and
vice president —
president and chief executive officer
state Affairs michAel s. hArDinG revenue
chief executive officer and president
stephen J. BurroWs
euGene D. Johnson Jr.
Busch
executive vice president —
vice president — KirK e. norris
Asian operations
national retail sales
properties, inc.
Group vice president — operations
JAmes e. schoBel
WilliAm B. Jones tony v. BhAllA
W. rAnDolph BAKer
senior vice president —
vice president — sales, midwest executive vice president and
chairman of the Board and
legal Affairs
chief operating officer
peter J. KrAemer president
lArry D. BAumAnn
vice president — operations trevor J. hAnsen
roBin D. cArson
vice president — Finance
vice president — Finance
Keith s. levy executive vice president and
DAviD A. renAuD
vice president — managing Director —
roBert c. AlvAreZ
vice president and
Brand management Kingsmill resort
vice president — human resources
chief Financial officer —
JeremiAh A. mullAne WilliAm J. nAson
Anheuser-Busch china
Busch entertainment
region vice president (east) — vice president —
steve B. BAGWell
Government Affairs
corporation Finance and Administration
vice president — marketing
Jesus rAnGel John c. mArtZ Jr.
Keith m. KAsen
mArtin D. cArGAs
vice president — vice president —
chairman of the Board and
vice president —
sales and Development corporate real estate
chief executive officer
Government Affairs
John W. serBiA
JAmes D. Atchison
manufacturers
Antonio cervAntes
vice president — Brewing
president and
vice president — mexico
railway company;
Anthony J. short chief operating officer
y.r. chenG
vice president — Business and
st. louis refrigerator
JAmes B. DeAn
vice president and
Wholesaler Development
car company
vice president — Finance
managing Director
rAymonD F. steitZ
— Greater china DAmon h. AnDreW Kurt r. AnDreW
vice president — sales operations
vice president — chairman, president and
mArK F. schumm
GeoFFrey J. steinhArt safety and park operations chief executive officer
vice president — china and
vice president — engineering
Asia Business Development BrADley F. AnDreWs BArBArA J. houseWorth
roBert m. tAllett vice president — vice president and treasurer
AleJAnDro m. strAuch
vice president — sales, northeast Zoological operations
vice president and regional Director
— central and south America
mArK A. WAhlGren Joseph A. couceiro
vice president — vice president — marketing
Wholesaler
Wholesale operations Division
hoWArD J. DemsKy
equity Development vice president —
planning and Development
corporation
steven l. GlAshoWer
DAviD A. peAcocK
vice president — engineering
chairman of the Board and
and creative Development
chief executive officer
Anthony J. short
president

3. 68
Anheuser-Busch compAnies, inc. 2007 AnnuAl report
i n v e s t o r inF orm Ation
WorlD heADQuArters trustee For DeBentures, selecteD Anheuser-Busch Anheuser-Busch, inc.
one Busch place notes AnD inDustriAl internet ADDresses the leading u.s. brewer and industry
st. louis, mo. 63118 revenue BonDs leader since 1957, with more than
www.anheuser-busch.com
314-577-2000 the Bank of new york trust 100 brands and 12 u.s. breweries
(corporate, financial and
company, n.A.
GenerAl inFormAtion Anheuser-Busch
investor information)
corporate trust Division
By phone (toll-free) internAtionAl, inc.
911 Washington Ave. www.budweiser.com
800-DiAl-BuD (800-342-5283) Develops Anheuser-Busch
lammert Building, suite 300 (brand and sponsorship brands outside the united states
AnnuAl meetinG st. louis, mo. 63101 information; Budweiser and invests in leading brewers
Wednesday, April 23, 2008 800-208-2197 merchandise) in growth markets
10 a.m.
DiviDenDs www.budlight.com
seaWorld orlando Anheuser-Busch pAcKAGinG
Dividends are normally paid in (brand and sponsorship Group, inc.
trAnsFer AGent, reGistrAr the months of march, June, information; Bud light produces aluminum cans/lids, metal-
AnD DiviDenD pAyments september and December. merchandise) ized and paper labels, glass bottles
Bny mellon shareowner services Dividends may be deposited
and crown and closure
www.beeresponsible.com
480 Washington Blvd. electronically into an account at
liner material; recycles aluminum
(corporate social
Jersey city, n.J. 07310 the shareholder’s financial institution.
beverage containers; and operates
responsibility)
888-213-0964 please contact Bny mellon
15 u.s. plants
www.bnymellon.com/shareowner/isd shareowner services for details.
www.budweisertours.com
Busch entertAinment
(brewery tour information;
DiviDenD reinvestment plAn other inFormAtion
corporAtion
the brewing process)
the company’s Dividend you may obtain, at no charge,
one of the largest u.s. theme
reinvestment plan allows a copy of the Anheuser-Busch
www.grantsfarm.com park operators, with 10 parks
shareholders to reinvest dividends companies Annual report to
(Grant’s Farm throughout the country
in Anheuser-Busch companies the securities and exchange
tour information)
common stock automatically, Busch properties, inc.
commission (Form 10-K) by
regularly and conveniently — A real estate development
writing to the vice president and www.buschgardens.com
without service charges or company with resort, residential
secretary’s office at our world (Busch Gardens information)
brokerage fees. in addition, and commercial properties in
headquarters, accessing the internet
www.seaworld.com
participating shareholders may selected areas of the country
at www.anheuser-busch.com, or
(seaWorld information)
supplement the amount invested by calling 800-DiAl-BuD. the
mAnuFActurers rAilWAy
with voluntary cash investments company also provides copies of www.discoverycove.com compAny
on the same cost-free basis. plan its sec quarterly reports on Forms (Discovery cove provides terminal rail-switching
participation is voluntary and share- 10-Q, other reports on Forms 8-K, information) services to st. louis industries and
holders may join or withdraw at any earnings press releases, proxy
operates trucking subsidiaries
www.ourpledge.com
time. For more information, contact statements and corporate gover-
(environmental information) WholesAler eQuity
Bny mellon shareowner services nance information free of charge
Development corporAtion
(address above). at www.anheuser-busch.com.
shares equity positions with qualified
stocK eXchAnGe listinGs
partners in Anheuser-Busch, inc.
For information about
the new york stock exchange
distributorships while they build
Anheuser-Busch’s efforts to enhance
is the principal market for
toward total ownership
shareholder value
Anheuser-Busch common
through community support,
stock, which also is listed on the
please visit www.anheuser-busch.
london and swiss exchanges.
com/charitablegiving.html.
ticker symbol: BuD
newspaper listing: AnheuserB
inDepenDent reGistereD
puBlic AccountinG Firm
pricewaterhousecoopers llp
800 market st.
st. louis, mo. 63101

4. 69
ANHEUSER-BUSCH COMPANIES, INC. 2007 ANNUAL REPORT
B O AR D O F D I R E C T O R S
AUGUST A. BUSCH III JOHN E. JACOB VILMA S. MARTINEZ PATRICK T. STOKES
Chairman of the Executive Former Executive Vice President — Partner — Munger, Tolles Chairman of the Board —
Committee — Anheuser-Busch Global Communications — & Olson, LLP, attorneys Anheuser-Busch Companies, Inc.
Companies, Inc. Anheuser-Busch Companies, Inc. Joined board 1983 Joined board 2000
Joined board 1963 Joined board 1990
WILLIAM PORTER PAYNE ANDREW C. TAYLOR
AUGUST A. BUSCH IV JAMES R. JONES Vice Chairman and Partner — Chairman and Chief Executive
President and Chief Executive Officer Former U.S. Ambassador Gleacher Partners, LLC, Officer — Enterprise Rent-A-Car
— Anheuser-Busch Companies, Inc. to Mexico; Co-Chairman an investment banking and Company, an international car
and Chief Executive Officer — asset management firm rental and related services company
Joined board 2006
Manatt Jones Global Strategies, Joined board 1997 Joined board 1995
CARLOS FERNANDEZ G.
LLC, a global consulting firm
JOYCE M. ROCHÉ DOUGLAS A. WARNER III
Chairman of the Board and
Joined board 1998
Chief Executive Officer — President and Chief Executive Former Chairman of the Board —
CHARLES F. KNIGHT
Grupo Modelo, S.A.B. de C.V., Officer — Girls Incorporated, J.P. Morgan Chase & Co.,
a Mexican company engaged in Chairman Emeritus — Emerson a nonprofit organization an international commercial and
brewing and related operations Electric Co., a technology-based investment banking firm
Joined board 1998
global manufacturing company
Joined board 1996 Joined board 1992
HENRY HUGH SHELTON
Joined board 1987
JAMES J. FORESE EDWARD E. WHITACRE JR.
Former Chairman — Joint Chiefs
VERNON R. LOUCKS JR.
Former Chairman and Chief Executive of Staff; Former President, Chairman Emeritus —
Officer — IKON Office Solutions, Inc., Chairman of the Board — International Operations — AT&T Inc., a telecommunications
a global business-to-business The Aethena Group, LLC, M.I.C. Industries, an international holding company
communications company; Operating a health-care merchant banking firm manufacturing company Joined board 1988
Partner and Chief Operating Joined board 1988 Joined board 2001
Officer of Thayer Hidden Creek,
a private equity investment firm
Joined board 2003
SITTING (LEFT TO RIGHT) John E. Jacob, James J. Forese, August A. Busch IV, Joyce M. Roché, James R. Jones, August A. Busch III
STANDING (LEFT TO RIGHT) William Porter Payne, Edward E. Whitacre Jr., Patrick T. Stokes, Vilma S. Martinez, Carlos Fernandez G.,
Douglas A. Warner III, Charles F. Knight, Andrew C. Taylor, Vernon R. Loucks Jr., Henry Hugh Shelton