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

FAIRPORT, N.Y., April 8 /PRNewswire-FirstCall/ -- On April 7, 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 June 1, 2004, to shareholders of record on May 17, 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, Estancia, Simi, Ravenswood, Blackstone, Banrock Station, Hardys, Nobilo, Alice White, Vendange, Almaden, Arbor Mist, Stowells and Blackthorn.

CONTACT:
Media
Philippa Dworkin
585-218-3733

Investor
Mark Maring
585-218-3668
Both of Constellation Brands, Inc.