Constellation Announces Extension of Exchange Offer for 8% Senior Notes

FAIRPORT, N.Y., Jul 10, 2001 /PRNewswire/ -- Constellation Brands, Inc. (NYSE: STZ and STZ.B) today announced that it has extended to 5:00 p.m., New York City time, on July 31, 2001 its offer to exchange $200,000,000 of its 8% Series B Senior Notes due 2008, which have been registered under the Securities Act of 1933 for $200,000,000 of its issued and outstanding 8% Senior Notes due 2008, which are not registered under the Securities Act of 1933. The exchange offer had been scheduled to expire today at 5:00 p.m., New York City time. Constellation will not receive any proceeds from the exchange offer, and Constellation's debt level will not change as a result of the exchange offer.

About Constellation

Constellation Brands, Inc. is a leader in the production and marketing of beverage alcohol brands in North America and the United Kingdom and is a leading independent drinks wholesaler in the United Kingdom. Leading brands in Constellation's portfolio include: Franciscan Oakville Estate, Simi, Estancia, Ravenswood, Corona Extra, Modelo Especial, St. Pauli Girl, Almaden, Arbor Mist, Talus, Vendange, Alice White, Black Velvet, Fleischmann's, Schenley, Ten High, Stowells of Chelsea, Blackthorn and K.

SOURCE Constellation Brands, Inc.

CONTACT:
Mark Maring,
Vice President - Investor Relations of
Constellation Brands, Inc.,
716-218-2169