ANHEUSER BUSCH INBEV SA/NV

Ticker: BUD CUSIP: 03524A108 Class: SPONSORED ADR

CHELSEA COUNSEL CO's Holding History (CIK: 0001276755)

Note: Option positions (PUT/CALL) are excluded.

Q4 2014

Shares 3,000 Value ($000) $337 Avg Close — Range —

Q3 2014

Shares 3,000 Value ($000) $333 Avg Close — Range —

Q2 2014

Shares 3,000 Value ($000) $345 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	3,000	$337	—	—
Q3 2014	3,000	$333	—	—
Q2 2014	3,000	$345	—	—