Constellation Declares Cash Dividend On Its 5.75% Series A Mandatory Convertible Preferred Stock

FAIRPORT, N.Y., May 10 /PRNewswire-FirstCall/ -- The Board of Directors of Constellation Brands, Inc. (NYSE: STZ, ASX: CBR) has declared a quarterly dividend on the Company's 5.75% Series A Mandatory Convertible Preferred Stock, payable on June 1, 2005, to shareholders of record on May 16, 2005. Payment will be $0.359375 per depositary share.

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: Corona Extra, Corona Light, Pacifico, Modelo Especial, Negra Modelo, St. Pauli Girl, Tsingtao, Black Velvet, Fleischmann's, Mr. Boston, Paul Masson Grande Amber Brandy, Chi-Chi's, 99 Schnapps, Ridgemont Reserve 1792, Effen Vodka, Stowells, Blackthorn, Almaden, Arbor Mist, Vendange, Woodbridge by Robert Mondavi, Hardys, Nobilo, Alice White, Ruffino, Robert Mondavi Private Selection, Blackstone, Ravenswood, Estancia, Franciscan Oakville Estate, Simi and Robert Mondavi Winery brands. For additional information about Constellation Brands, as well as its product portfolio, visit the company's Web site at http://www.cbrands.com.

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