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

FAIRPORT, N.Y., July 21 /PRNewswire-FirstCall/ -- On July 20, 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 Sept. 1, 2004, to shareholders of record on Aug. 16, 2004. 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, Pacifico, St. Pauli Girl, Black Velvet, Fleischmann's, Mr. Boston, Paul Masson Grande Amber Brandy, Franciscan, Estancia, Simi, Ravenswood, Blackstone, Banrock Station, Hardys, Nobilo, Alice White, Vendange, Almaden, Arbor Mist, Stowells and Blackthorn. For more information about Constellation Brands and its products, visit the company's Web site at http://www.cbrands.com.

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Media Relations
Philippa Dworkin
585-218-3733

Mike Martin
585-218-3669

Investor Relations
Lisa Schnorr
585-218-3677

All for Constellation Brands, Inc.