BRAZIL: AmBev Releases Second Quarter 2000 Results

Companhia de Bebidas das Americas -- AmBev, today announced its Brazilian corporate law financial statements for the three months ended June 30, 2000. AmBev is a holding company currently comprised of Companhia Antarctica Paulista -- a wholly owned subsidiary -- and Companhia Cervejaria Brahma, of which AmBev owns 55.1% of the common shares and 21.2% of total capital. AmBev fully consolidated Companhia Cervejaria Brahma since it holds shareholding control of the company. The portion of Brahma not currently owned by AmBev is removed through the minority interest line.

Companhia de Bebidas das Americas — AmBev, today announced its Brazilian corporate law financial statements for the three months ended June 30, 2000. AmBev is a holding company currently comprised of Companhia Antarctica Paulista — a wholly owned subsidiary — and Companhia Cervejaria Brahma, of which AmBev owns 55.1% of the common shares and 21.2% of total capital. AmBev fully consolidated Companhia Cervejaria Brahma since it holds shareholding control of the company. The portion of Brahma not currently owned by AmBev is removed through the minority interest line.

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