Constellation Declares Cash Dividend on its 5.75% Series a Mandatory Convertible Preferred Stock

FAIRPORT, N.Y., Dec. 23 /PRNewswire-FirstCall/ -- On Dec. 22, 2004, the Board of Directors of Constellation Brands, Inc. (NYSE: STZ, ASX: CBR) declared a quarterly dividend on the Company's 5.75% Series A Mandatory Convertible Preferred Stock, payable on March 1, 2005, to shareholders of record on Feb. 15, 2005. Payment will be $0.359375 per depositary share.

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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. Constellation Brands is also the largest fine wine company in the United States. Well-known brands in Constellation's beverage alcohol portfolio include: Corona Extra, Pacifico, St. Pauli Girl, Tsingtao, Black Velvet, Fleischmann's, Mr. Boston, Paul Masson Grande Amber Brandy, Franciscan Oakville Estate, Estancia, Simi, Ravenswood, Blackstone, Banrock Station, Hardys, Nobilo, Alice White, Vendange, Almaden, Arbor Mist, Stowells and Blackthorn. With the completion of the Robert Mondavi Corporation acquisition on Dec. 22, 2004, additional well-known brands such as Woodbridge, Robert Mondavi Private Selection and the Robert Mondavi Napa, District and Reserve wines became part of Constellation's portfolio of fine wine offerings. For more information about Constellation Brands and its products, visit the company's Web site at http://www.cbrands.com.

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585-218-3733

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Bob Czudak
585-218-3668
All for Constellation Brands, Inc.