Molson Coors Brewing Company Announces Pricing of its Public Offering of Class B Common Stock

After deducting underwriting discounts and commissions and estimated offering expenses, Molson Coors will receive net proceeds from shares sold by it in this offering of approximately $2.3 billion.

Molson Coors intends to use the net proceeds of this offering to fund the previously announced acquisition from Anheuser-Busch InBev SA/NV of SABMiller plc’s interest in MillerCoors LLC and all other assets primarily related to the Miller brand portfolio outside of the United States and Puerto Rico (the “Acquisition”), and to pay related fees and expenses of the Acquisition. The offering is not conditioned on the closing of the Acquisition. In the event that the Acquisition is not consummated, Molson Coors intends to use the net proceeds of this offering for general corporate purposes, which may include share repurchases, acquisitions or debt repayment.

UBS Investment Bank, BofA Merrill Lynch and Citigroup are acting as joint book-running managers for the offering. BMO Capital Markets, MUFG, RBC Capital Markets and Wells Fargo Securities are also acting as joint book-running managers for the offering.

The offering is being made pursuant to an effective shelf registration statement (including a prospectus) filed with the Securities and Exchange Commission (“SEC”), which became effective upon filing. A preliminary prospectus supplement related to the offering was filed with the SEC on January 26, 2016 and is available on the SEC’s website at www.sec.gov. A final prospectus supplement related to the offering will be filed with the SEC. A copy of the prospectus supplement and related prospectus for the offering may be obtained by contacting: UBS Securities LLC, Attn: Prospectus Department at 1285 Avenue of the Americas, New York, NY 10019, or by telephone at (888) 827-7275; BofA Merrill Lynch, Attn: Prospectus Department at 222 Broadway, New York, NY 10038, or by email at [email protected]

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Class B Common Stock or any other security, nor shall there be any sale of the Class B Common Stock or any other security in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction. Any offer or sale will be made only by means of a prospectus and, to the extent applicable, a free writing prospectus which has or will be filed with the SEC.