Constellation Brands Completes Debt Offering

FAIRPORT, N.Y., Aug. 15 /PRNewswire-FirstCall/ -- Constellation Brands, Inc. (NYSE: STZ, ASX: CBR), a leading international producer and marketer of beverage alcohol brands, today announced that it has completed the sale of $700 million aggregate principal amount of Senior Notes, due 2016, with a 7.25% coupon at a price of 99.02% of the principal amount of the Senior Notes. The notes are senior obligations that rank equally with all of the Company's other senior unsecured indebtedness. The notes will be fully and unconditionally guaranteed by the subsidiaries that are guarantors under Constellation Brands' senior bank credit facility. Constellation Brands is using the approximately $685 million in net proceeds (after estimated expenses of the offering and underwriters discounts) from the sale of the notes to reduce a corresponding amount of borrowings under its senior bank credit facility.

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This news release is neither an offer to sell nor a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering was made only by means of a prospectus supplement and the accompanying prospectus, copies of which may be obtained by contacting Kim Bruzzese at Citigroup Global Markets Inc. via telephone at 212-723-6046. Alternatively, the prospectus and prospectus supplement may be obtained by visiting EDGAR on the SEC Web site at http://www.sec.gov.

About Constellation Brands

Constellation Brands, Inc. is a leading international producer and marketer of beverage alcohol brands with a broad portfolio across the wine, spirits and imported beer categories. Well-known brands in Constellation's portfolio include: Almaden, Arbor Mist, Vendange, Woodbridge by Robert Mondavi, Hardys, Nobilo, Kim Crawford, Alice White, Ruffino, Kumala, Robert Mondavi Private Selection, Rex Goliath, Toasted Head, Blackstone, Ravenswood, Estancia, Franciscan Oakville Estate, Inniskillin, Jackson-Triggs, Simi, Robert Mondavi Winery, Stowells, Blackthorn, Black Velvet, Mr. Boston, Fleischmann's, Paul Masson Grande Amber Brandy, Chi-Chi's, 99 Schnapps, Ridgemont Reserve 1792, Effen Vodka, Corona Extra, Corona Light, Pacifico, Modelo Especial, Negra Modelo, St. Pauli Girl, Tsingtao.

Forward Looking Statements

This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Statements which are not historical facts and relate to future plans, events or performance are forward-looking statements that are based upon management's current expectations and are subject to risks and uncertainties. Detailed information regarding risk factors with respect to the Company and the offering are included in the Company's filings with the SEC, including the prospectus and prospectus supplement for the offering.

SOURCE Constellation Brands, Inc. -0- 08/15/2006 /CONTACT: Media Relations - Mike Martin, +1-585-218-3669, or Kevin Harwood, +1-585-218-3666; Investor Relations - Bob Czudak, +1-585-218-3668/ /Photo: http://www.newscom.com/cgi-bin/prnh/20040119/STZLOGO / /Web site: http://www.cbrands.com / (STZ STZB)