4 May 2012 --- Molson Coors Brewing Company announced that it has completed an offering of debt securities totaling $1.9 billion, the proceeds of which will be used to finance its acquisition of Central and Eastern European brewer StarBev L.P., as previously announced on April 3, 2012.

"We are very pleased with the pricing and terms of these financing transactions, which were swiftly executed and consistent with our previously outlined expectations and timetable," said Stewart Glendinning, Chief Financial Officer of Molson Coors. "The acquisition of StarBev will provide Molson Coors with a strong platform for future profitable growth in attractive markets. We expect the transaction to be accretive to earnings in the first full year of operations and offers substantial long-term value creation opportunities to our shareholders."

The Company issued $300 million of 2.00% senior notes due 2017, $500 million of 3.50% senior notes due 2022, and $1.1 billion of 5.00% senior notes due 2042.

The StarBev acquisition is subject to approval by certain European competition authorities and is expected to close in the second quarter of 2012.

Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC acted as active book runners on the offering. Kirkland & Ellis LLP acted as legal advisor to Molson Coors.