Molson Coors Brewing Company
NYSE : TAP
TSX : TAP.NV

Molson Coors Brewing Company

March 18, 2005 23:59 ET

Redemption of Molson Canada 2005 Debentures

MONTREAL, March 18 - Molson Canada 2005, a wholly-owned
indirect subsidiary of Molson Coors Brewing Company, announced that it
redeemed today, the redemption date, all outstanding Cdn$100,000,000 9.10%
Debentures, Series 2, due March 11, 2013, Cdn$150,000,000 8.40% Debentures,
Series 3, due December 7, 2018, Cdn$200,000,000 6.00% Debentures, Series A,
due June 2, 2008 and Cdn$100,000,000 6.70% Debentures, Series B, due June 2,
2028 (collectively the "Debentures").

Payment of the redemption price of the Debentures will be made to the
holders thereof, on or after the redemption date, upon surrender of the
Debentures at the corporate trust office of the Trustee, CIBC Mellon Trust
Company, by mail, at P.O. Box 1036, Adelaide Street Postal Station, Toronto,
Ontario M5C 2K4 or, by hand or courier, at 199 Bay Street, Commerce Court
West, Securities Level, Toronto, Ontario M5L 1G9, Attention: Courier Window.

About Molson Canada 2005

Molson Canada 2005 is the principal operating unit of Molson Coors
Brewing Company's business operations in Canada.

About Molson Coors Brewing Company

Molson Coors Brewing Company is the fifth-largest brewer in the world,
with pro-forma combined annual volume of 60 million hectoliters and net sales
of more than US$6 billion. Molson Coors has a leading market share in Canada
and in the U.K., a growth profile in the U.S. and an emerging market
opportunity in Brazil, as well as a portfolio of well-established brands
including Molson Canadian, Coors Light and Carling. Founded by pioneering
families and tracing its roots back to 1786, Molson Coors Brewing Company has
18 breweries and 15,000 employees worldwide. For more information on Molson
Coors, visit the company's website, www.molsoncoors.com .

This press release includes "forward-looking statements". Forward-looking
statements are commonly identified by such terms and phrases as "would",
"may", "will", "expects" or "expected to" and other terms with similar
meaning indicating possible future events or actions or potential impact
on the businesses or securityholders of Molson Canada 2005 and Molson
Coors Brewing Company (collectively, the "Companies"). There is no
assurance the transaction contemplated in this release will be completed
at all, or completed upon the same terms and conditions described. All
forward-looking statements in this press release are expressly qualified
by information contained in each company's filings with regulatory
authorities. The Companies do not undertake to update forward-looking
statements, whether as a result of new information, future events or
otherwise.

Certain factors that could cause the Companies' results to differ
materially from those described in the forward-looking statements can be
found in the joint proxy statement/management information circular and
the periodic reports filed by the Molson Coors Brewing Company and Molson
Inc. with the Canadian securities regulators and available at the SEDAR
site ( http://www.SEDAR.com ). The Companies do not undertake and
specifically disclaim any obligation to update or revise any forward-
looking information, whether as a result of new information, future
developments or otherwise.
%SEDAR: 00021769EF

Contact Information

  • Investors: Dave Dunnewald, (303) 279-6565;
    Media: Sylvia Morin, (514) 590-6345