1. Anheuser-Busch Companies, Inc. Principal Officers of Anheuser-Busch
Companies Subsidiaries
Strategy Committee Anheuser-Busch, Inc.
(*Member of the Corporate Office) (†Member of the Anheuser-Busch, Inc. Management Committee)
Patrick T. Stokes James G. Brickey†
Patrick T. Stokes* Anthony T. Ponturo
Chairman of the Board and Vice President — Human Resources
President and Chief Executive Officer Vice President —
Chief Executive Officer
Global Media and Sports Marketing —
Thomas J. Adamitis
August A. Busch III*
Anheuser-Busch, Inc.
August A. Busch IV† Vice President — Procurement
Chairman of the Board
John F. Kelly President
Henry Dominguez
W. Randolph Baker
Vice President and Controller
Douglas J. Muhleman† Region Vice President (West) —
Vice President and
Group Vice President — Government Affairs
Chief Financial Officer
Brewing Operations & Technology
Rodney D. Forth
John E. Jacob Other Officers
James F. Hoffmeister† Region Vice President (Central) —
Executive Vice President —
JoBeth G. Brown Group Vice President — Procurement, Government Affairs
Global Communications
Vice President and Secretary Logistics and Agricultural Resources
Johnny Furr Jr.
Thomas W. Santel
John S. Koykka Michael J. Owens† Vice President — Sales Development
Vice President —
Vice President — Vice President — Sales and Marketing and Community Affairs
Corporate Development
International Development
Robert C. Lachky† Joseph M. Hoff
Stephen J. Burrows
John T. Farrell Vice President — Vice President — National Retail Sales
Vice President —
Vice President — Employee Benefits Brand Management and Director —
International Operations
Joseph F. Jedlicka III
Global Brand Creative
William J. Kimmins Jr.
August A. Busch IV Vice President — Legal and State Affairs
Anthony T. Ponturo†
Vice President and Treasurer
Vice President and Group Executive
Eugene D. Johnson Jr.
Vice President — Global Media
Lisa A. Joley
Mark T. Bobak Vice President — Wholesaler
and Sports Marketing
Vice President and General Counsel Development
Group Vice President and
Gary R. Welker†
Chief Legal Officer
Robert J. Byrne John B. Johnson
Vice President —
Joseph P. Sellinger Vice President and Vice President — Regional Sales
Distribution Systems and Services
Chief Information Officer Operations
Vice President and Group Executive
Phillip J. Colombatto†
Gary L. Rutledge William B. Jones
Douglas J. Muhleman
Vice President — Quality Assurance
Vice President — Vice President — Mass Merchandising,
Group Vice President, Brewing
Marie C. Carroll†
Corporate Labor Relations Club and Drug Chains
Operations & Technology —
Vice President — Finance and Planning
Anheuser-Busch, Inc.
Sabrina M. Wrenn Peter C. McLoughlin
Michael S. Harding†
Francine I. Katz Vice President — Vice President — Corporate Media
Labor and Benefits Law Vice President — Operations
Vice President — Communications
Jeremiah A. Mullane
and Consumer Affairs
Teresa H. Vogt John W. Serbia† Region Vice President (East)
Keith M. Kasen Vice President — Communications Vice President — Brewing Government Affairs
Chairman of the Board and President —
John D. Castagno Geoffrey J. Steinhart† Jesus Rangel
Busch Entertainment Corporation
Vice President and Tax Controller Vice President — Engineering Vice President — Sales Development
Joseph P. Castellano and Community Relations
Michael F. Roche Keith S. Levy †
Vice President — Corporate Human
Raymond F. Steitz
Vice President — National Affairs Vice President — Retail Marketing
Resources
Vice President — Sales Operations
Gary R. Aldenderfer David A. Peacock †
James F. Hoffmeister Robert M. Tallett
Vice President — Internal Audit Vice President — Administration
Group Vice President — Procurement
Vice President — Wholesale Operations
David C. Sauerhoff
Logistics and Agricultural Resources—
Vice President — Investor Relations
Anheuser-Busch, Inc.
Laura H. Reeves
Michael J. Owens
Assistant Secretary
Vice President — Sales and Marketing
— Anheuser-Busch, Inc. William J. Mayor
Robert C. Lachky Assistant Controller
Vice President — Brand Management Robert J. Haire
and Director — Global Brand Creative Assistant Controller
— Anheuser-Busch, Inc.
Mark A. Rawlins
Assistant Treasurer
Anheuser-Busch Companies, Inc. _ 66

2. Anheuser-Busch Wholesaler Equity Busch Entertainment
International, Inc. Development Corp. Corporation Busch Properties, Inc.
Patrick T. Stokes David A. Peacock Keith M. Kasen W. Randolph Baker
Chairman of the Board Chairman of the Board and Chairman of the Board Chairman of the Board
Chief Executive Officer and President and President
Stephen J. Burrows
Anthony J. Short Damon H. Andrew Joseph Durante
Chief Executive Officer and President
President Vice President — Safety and Park Executive Vice President
John S. Koykka
Operations and Managing Director —
Executive Vice President — Strategic
Kingsmill Resort
Bradley F. Andrews
Planning and Business Development
Busch Agricultural William B. Voliva
Vice President— Zoological Operations
John J. Hanichak III Resources, Inc. Executive Vice President —
Karen L. Branding
Vice President — Field Operations
Kingsmill on the James
James F. Hoffmeister Vice President — Adventure Camp
Mark F. Schumm
John C. Martz Jr.
Business
Chairman of the Board and
Vice President — China Business
Vice President — Corporate
Chief Executive Officer Robin D. Carson
Development
Real Estate
Stephen D. Malin Vice President — Marketing
Larry D. Baumann
William F. Brown
President Michael R. Catcott
Vice President — Finance
Vice President — Busch
Richard R. Emerson Vice President — Merchandise
David A. Renaud Corporate Centers
Vice President — Operations Stephen M. Frein
Vice President and Chief Financial
William J. Nason
Thomas M. Wood
Officer of Anheuser-Busch China Vice President — Planning and
Vice President — Finance
Development
Vice President — Technical and
James E. Schobel and Administration
International Operations David J. Grabe
Senior Vice President — Legal Affairs
Thomas L. Tangaro Vice President — Finance
Alejandro M. Strauch
Manufacturers
Vice President — Staff Operations David L. Hammer
Vice President and Regional Director
Railway Company;
—Central and South America Vice President — Human Resources
St. Louis Refrigerator
Pedro L. Soares David R. Smith
Anheuser-Busch
Car Company
Vice President — Mexico Vice President — Entertainment
Packaging Group, Inc.
David C. White
Andrew J. Day Kurt R. Andrew
Joseph P. Sellinger Vice President — Culinary Operations
Vice President and President and Chief Executive Officer
Chairman of the Board,
Managing Director — Europe
James R. Yust Barbara J. Houseworth
Chief Executive Officer, and President
Martin D. Cargas Vice President — Engineering and Vice President and Treasurer
Kirk Norris Creative Development
Vice President — Government Affairs
Group Vice President — Operations
Y.R. Cheng
Tony Bhalla
Vice President and Managing Director
Executive Vice President and
— Greater China
Chief Operating Officer —
Y.J. Cheng Metal Container Corporation
Vice President — Production and
Lise A. Herren
Technology — China
Executive Vice President and
Kevin N. Weishaar Chief Operating Officer —
Vice President — International
Anheuser-Busch Recycling,
Business Development
Precision Printing and
Packaging, Eagle Packaging
67 _ 2004 Annual Report

3. Investor Information
World Headquarters Trustee for Debentures Selected Anheuser-Busch Anheuser-Busch, Inc.
and Notes Internet Addresses
One Busch Place Leading U.S. brewer and industry leader
St. Louis, Mo. 63118 since 1957; produces approximately 30
The JPMorgan Chase Bank Institutional www.anheuser-busch.com
314-577-2000 beers and three nonalcohol brews at
Trust Services (corporate, financial and investor
12 U.S. breweries
4 New York Plaza, 15th Floor information)
General Information New York, N.Y. 10004
www.budweiser.com
Anheuser-Busch
by Phone (toll-free) 800-275-2048
(brand and sponsorship information;
International, Inc.
800-DIAL-BUD
Budweiser merchandise)
Trustee for Industrial
(800-342-5283) Develops Anheuser-Busch brands
Revenue Bonds www.budlight.com outside the United States and invests in
Annual Meeting (brand and sponsorship information; leading brewers in growth markets
The Bank of New York Trust
Wednesday, April 27, 2005, 10 a.m. Bud Light merchandise)
Company, N.A.
Anheuser-Busch
Kingsmill, Va. 911 Washington Ave. www.beeresponsible.com
Packaging Group, Inc.
Lammert Building, Suite 300 (Consumer Awareness and Education)
Transfer Agent, Registrar Produces aluminum cans/lids, metalized
St. Louis, Mo. 63101
and Dividend Payments www.budweisertours.com and paper labels, glass bottles, and
800-208-2197
(brewery tour information; the
Mellon Investor Services LLC crown and closure liner material;
brewing process)
85 Challenger Rd., Dividends recycles aluminum beverage containers;
Overpeck Centre Dividends are normally paid in the operates 15 U.S. plants
www.grantsfarm.com
Ridgefield Park, N.J. 07660 months of March, June, September (Grant’s Farm tour information)
Busch Agricultural
888-213-0964 and December. Dividends may be
www.buschgardens.com
Resources, Inc.
www.melloninvestor.com electronically deposited into an account
(Busch Gardens information)
Produces and enhances the quality of
at the shareholder’s financial institution.
Dividend Reinvestment Plan www.seaworld.com raw materials for Anheuser-Busch, Inc.
Please contact Mellon Investor Services
The company’s Dividend Reinvestment (SeaWorld information)
for details.
Busch Entertainment
Plan allows shareholders to reinvest
www.discoverycove.com
Corporation
dividends in Anheuser-Busch Companies Other Information (Discovery Cove information)
common stock automatically, regularly One of the largest U.S. theme park
You may obtain, at no charge, a copy of
and conveniently — without service operators, with nine parks throughout
the Anheuser-Busch Companies Annual
charges or brokerage fees. In addition, the country
Report to the Securities and Exchange
participating shareholders may Commission (Form 10-K) by writing to the
Busch Properties, Inc.
supplement the amount invested with Vice President and Secretary’s Office at
A real estate development company
voluntary cash investments on the same our world headquarters, accessing the
with resort, residential and commercial
cost-free basis. Plan participation is Internet at www.anheuser-busch.com, or
properties in selected areas of the
voluntary and shareholders may join or by calling 800-DIAL-BUD. The company
country
withdraw at any time. For more also provides copies of its SEC quarterly
information, contact Mellon Investor reports on Forms 10-Q, other reports on
Manufacturers Railway
Services (address above). Forms 8-K, earnings press releases,
Company
proxy statements, and corporate
Stock Exchange Listings Provides terminal rail-switching services
governance information free of charge
New York, London, Swiss to St. Louis industries and operates
at www.anheuser-busch.com.
trucking subsidiaries
Traded on These Exchanges For information about Anheuser-Busch’s
Wholesaler Equity
Boston, Chicago, Cincinnati, efforts to enhance shareholder value
Development Corporation
Pacific, Philadelphia through community support, you may
request a complimentary copy of our Shares equity positions with qualified
Ticker Symbol: BUD
“Making Friends … Making a Differ- partners in Anheuser-Busch, Inc.
Newspaper Listing: AnheuserB
ence” brochure by writing to Business distributorships while they build toward
Independent Registered Communications at our world total ownership
headquarters, by accessing the Internet
Public Accounting Firm
at www.anheuser-busch.com, or by
PricewaterhouseCoopers LLP
calling 800-DIAL-BUD.
800 Market Street
St. Louis, MO 63101
Anheuser-Busch Companies, Inc. _ 68

4. Anheuser-Busch Companies, Inc.
SITTING (LEFT TO RIGHT): William Porter Payne, Vilma S. Martinez, James B. Orthwein, Joyce M. Roché, Vernon R. Loucks Jr., Henry Hugh Shelton
STANDING (LEFT TO RIGHT): Charles F. Knight, Bernard A. Edison, Carlos Fernandez G., August A. Busch III, Patrick T. Stokes, Andrew C. Taylor, Douglas A. Warner III,
John E. Jacob, James J. Forese, Edward E. Whitacre Jr., James R. Jones
Board of Directors
August A. Busch III James R. Jones William Porter Payne Douglas A. Warner III
Chairman of the Board – Former U.S. Ambassador to Mexico; Partner – Former Chairman of the Board –
Gleacher Partners, LLC, an investment
Anheuser-Busch Companies Co-Chairman and Chief Executive Officer – J.P. Morgan Chase & Co.,
banking and asset management firm an international commercial
Joined board 1963 Manatt Jones Global Strategies, LLC,
and investment banking firm
Joined board 1997
a global consulting firm;
Joined board 1992
Chairman – GlobeRanger Corporation
Carlos Fernandez G.
Joyce M. Roché
Joined board 1998
Vice Chairman of the Board
President and Chief Executive Officer – Edward E. Whitacre Jr.
and Chief Executive Officer –
Girls Incorporated, a nonprofit organization Chairman and Chief Executive Officer –
Charles F. Knight
Grupo Modelo, S.A. de C.V.;
Joined board 1998 SBC Communications Inc.;
a Mexican company engaged in Chairman Emeritus –
a diversified telecommunications
brewing and related operations Emerson Electric Co.;
company
Henry Hugh Shelton
Joined board 1996 a technology-based global
Joined board 1988
Former Chairman –
manufacturing company
Joint Chiefs of Staff;
Joined board 1987
James J. Forese
President, International Operations – Advisory Member
Former Chairman and
Chief Executive Officer – M.I.C. Industries, an international
Vernon R. Loucks Jr.
Bernard A. Edison
manufacturing company
IKON Office Solutions, Inc., Chairman of the Board –
Former President –
Joined board 2001
a global business-to-business The Aethena Group, LLC, a
Edison Brothers Stores, Inc.;
communications company; health-care merchant banking firm
retail specialty stores
Operating Partner and Chief
Patrick T. Stokes
Joined board 1988
Operating Officer of Thayer Joined board 1985
President and Chief Executive Officer –
Capital Partners, a private
Anheuser-Busch Companies
Vilma S. Martinez
equity investment firm
Joined board 2000 James B. Orthwein
Partner –
Joined board 2003
EPrinted on recycled paper.
Partner –
Munger, Tolles & Olson, LLP; attorneys
Andrew C. Taylor Precise Capital, L.P., a private
John E. Jacob Joined board 1983 Chairman and Chief Executive Officer – investment partnership
Executive Vice President
Enterprise Rent-A-Car Company; Joined board 1963
Global Communications –
an international car rental and Advisory term ended April 2004
Anheuser-Busch Companies related services company
Joined board 1990 Joined board 1995