ANHEUSER-BUSCH COMPANIES, INC. EXCESS BENEFIT PLAN
AMENDED AND RESTATED AS OF MARCH 1, 2000
Anheuser-Busch Companies, Inc., a Delaware corporation (the "Company"), established this Excess Benefit
Plan, originally effective as of January 1, 1984, to provide supplemental retirement benefits to certain employees
whose retirement benefits may be adversely affected by the limitations of Section 415 of the Internal Revenue
Code. This Plan is intended to be an "excess benefit plan" as defined in Section 3(36) of the Employee
Retirement Income Security Act of 1974. The Plan has been amended and restated from time to time. The
Company hereby amends and restates the Plan as of March 1, 2000. The provisions of this restated Plan shall
apply to all eligible individuals whose termination of employment occurs on or after March 1, 2000.
1. Definitions Applicable to this Excess Benefit Plan. All capitalized terms used in this Plan shall have the
meanings herein set out:
(a) "Actuarial Equivalent" means a benefit or benefits, or a payment or payments, which are of equal value at the
date of determination to the benefits for which they are to be substituted. Equivalence of value is determined from
actuarial calculations based on actuarial assumptions as to interest and mortality applicable with respect to the
particular form or forms of payment under the Basic Plan, disregarding interest and mortality assumptions
grandfathered as of December 31, 1999 with respect to single sum and installment payments.
(b) "Basic Plan" means the Supplement for the Anheuser-Busch Salaried Employees Pension Plan maintained as
part of the Anheuser-Busch Companies Pension Plan as now in effect or as hereafter amended.
(c) "Committee" means the same group of persons appointed to administer the Basic Plan.
(d) "Company" means Anheuser-Busch Companies, Inc., a Delaware corporation, and any corporation(s) into
which or with which it may be liquidated, merged or consolidated.
(e) "Participant" means an individual who is eligibl