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Millercoors Joint Venture Agreement

SABMiller plc and Molson Coors Brewing Company announced on December 21 that they had signed the definitive transaction agreement for the combination of the U.S. and Puerto Rican operations of their respective Miller and Coors subsidiaries to MillerCoors LLC, the joint venture they announced on October 9, 2007. Coors Overview: Coors produces, markets and markets the Coors brand portfolio in the United States and Puerto Rico, which is an integral part of the U.S. business and owns 50% of the Rocky Mountain Metal Corporation and Rocky Mountain Bottle Corporation joint ventures. Coors` operations, which will be implemented as part of the joint venture, will not include the sale of Coors brands outside the United States and Puerto Rico. The activity to take over includes the sale of other Molson Coors brands in the United States and Puerto Rico. This press release contains estimates or projections that constitute “forward-looking statements” within the meaning of federal securities laws. In general, the words “believe,” “wait,” “intend,” “anticipate,” “project,” “become” and similar expressions identify forward-looking statements that are generally not historical. While the Company considers the assumptions on which its forward-looking statements are based to be reasonable, it cannot be possible to ensure that these assumptions will be accurate. Important factors that could lead to actual results differing materially from the company`s historical experience, and current forecasts and expectations are disclosed in the Company`s filings with the Securities and Exchange Commission (SEC). These factors include, among other things, our ability to successfully complete, finance and integrate the acquisition; our ability to obtain tax benefits, accretion capacity and cost; Our ability to obtain the necessary regulatory approvals for the acquisition; the effect of increased competition resulting from continued brewery consolidation, competitive prices and product pressure; The health of the beer industry and our brands in our markets; economic conditions in our markets; Additional impairments our ability to maintain production and distribution agreements; Changes in our supply chain system Availability or increased costs of packaging materials Success of our joint ventures; Risks associated with operations in developing and developing countries; changes to legal and regulatory requirements, including the regulation of distribution systems; Exchange rate fluctuations Increasing the cost of products used in the company The effects of climate change and water availability and quality; The loss or closure of a large brewery or other major facility; our ability to implement our strategic initiatives, including implementing and delivering cost reductions; our ability to successfully integrate newly acquired businesses; The cost of the pension plan non-compliance with debt pacts or the deterioration of our credit rating; Our ability to maintain good working relationships Our ability to maintain brand image, reputation and product quality No full control over MillerCoors` business and other risks discussed in our SEC notifications, including our Annual Report on Form 10-K for the past year, which is available to the SEC on December 31, 2014.