Andrew T. Molson Succeeds Peter H. Coors As Molson Coors Chairman

In a planned transition consistent with the Company's by-laws, Molson Coors Brewing Company TAP today announced that Andrew Molson, the current vice chairman of the Molson Coors board of directors will assume the role of chairman, and Pete Coors, current chairman, will assume the role of vice chairman, effective May 26, 2011. The by-laws provide for the chairman and vice chairman to alternate between the Molson and Coors families every two years. "As incoming chairman, I wish to thank Pete for his valuable contribution during his term. I look forward to continued engagement with our strong, independent board as we further strengthen and expand Molson Coors' position as a leading global brewer. Our entire organization is focused on creating even greater value for our shareholders through global growth and a unique brand portfolio. On behalf of the Molson family, I look forward to continued success in this great partnership." Pete Coors commented, "I am pleased to be passing the chairmanship to Andrew, a seventh-generation member of the Molson family and I look forward to his leadership and our continued strong relationship. As we look to the future, both families continue to share a long-term commitment to the beer industry and this company. Our generations of family leadership drive us to take a long-term view of building value by investing in brands, attracting and retaining the best talent, and ensuring quality across the entire enterprise."