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Molson Coors Brewing Company today announced that its Board of Directors approved a two-for-one split of the Company's outstanding Class A and Class B common shares.
DENVER, Colo., and MONTREAL, Quebec - Molson Coors Brewing Company (NYSE: TAP; TSX) today announced that its Board of Directors approved a two-for-one split of the Company's outstanding Class A and Class B common shares. The stock split will be implemented in the form of a 100 percent stock dividend payable to shareholders of record as of the close of business on September 19, 2007, the record date for the stock split. The additional common shares will be issued on October 3, 2007. The stock split is a reflection of the recent appreciation in the Molson Coors Brewing Company (MCBC) stock price and MCBC's desires to have its shares remain accessible to individual shareholders and to further enhance the liquidity of its shares. Molson Coors Canada Inc. (MCCI) (TSX:TPX), a subsidiary of MCBC, also announced that it would implement a corresponding two-for-one split of its Class A and Class B exchangeable shares that will take place by way of subdivision. Holders of exchangeable shares will be entitled to receive one additional share for each share held as of the close of business on September 19, 2007, the record date for the stock split. Certificates representing the additional exchangeable shares will be mailed on October 3, 2007. It is expected that trading in the MCBC Class A and Class B common shares on the New York Stock Exchange will be on a 'due bill' (i.e. non-split) basis from September 17 to October 3, 2007 and that ex-distribution trading in the shares will commence on the New York Stock Exchange on October 4, 2007. The MCBC Class A and Class B common shares and the MCCI Class A and Class B exchangeable shares will commence trading on the Toronto Stock Exchange on an ex-distribution basis commencing at the opening on September 17, 2007. As of April 27, 2007, there were approximately 89.3 million MCBC Class A and Class B common and MCCI Class A and Class B exchangeable shares outstanding. MCBC and MCCI also declared a regular quarterly dividend of US $0.32 per share, payable September 14, 2007, to shareholders of record on August 31, 2007. The quarterly dividend is payable to holders of MCBC Class A and Class B common stock as well as to holders of MCCI Class A and Class B exchangeable shares. The US $ 0.32 per share amount of the September 14, 2007, dividend payment reflects the dividend amount prior to the stock split announced today. Molson Coors Brewing Company is one of the world's largest brewers. It brews, markets and sells a portfolio of leading premium quality brands such as Coors Light, Molson Canadian, Molson Dry, Carling, Coors, and Keystone Light. It operates in Canada, through Molson Canada; in the U.S., through Coors Brewing Company; in the U.K., Europe and Asia, through Coors Brewers Limited. For more information on Molson Coors Brewing Company, visit the company's website, www.molsoncoors.com. CONTACT:
News Media
Paul de la Plante
(514) 590-6349 Investor Relations
Dave Dunnewald Kevin Caulfield
(303) 279-6565 (303) 277-6894
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