Constellation to Report Third Quarter Earnings And Host Conference Call January 6, 2003

FAIRPORT, N.Y., Dec. 23 /PRNewswire-FirstCall/ -- Constellation Brands, Inc. (NYSE: STZ, ASX: CBR), a leading international producer and marketer of beverage alcohol brands, announced today it will be reporting financial results for the third quarter ended November 30, 2003 on Tuesday, January 6, 2003 immediately after market hours. A conference call to discuss the financial results and outlook will be hosted by Chairman & Chief Executive Officer Richard Sands and Executive Vice President & Chief Financial Officer Tom Summer on Tuesday, January 6, 2003 at 5:00 p.m. (Eastern).

The conference call can be accessed by dialing +412-858-4600 beginning at 4:50 p.m. (Eastern). A live listen-only web cast of the conference call is available on the Internet at the Company's web site, www.cbrands.com under Investors. Financial and statistical information discussed in the conference call and a reconciliation of any reported (GAAP) financial measures with comparable or non-GAAP financial measures will also be available when the call begins on the Company's web site under Investors by selecting Financial Information/Financial Reports. If you are unable to participate in the conference call, there will be a replay available on the Company's web site.

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 Relations
Philippa Dworkin
585-218-3733

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