FAIRPORT, N.Y., Sep 26, 2001 /PRNewswire/ -- Constellation Brands, Inc. (NYSE: STZ, STZ.B) announced that on September 25, 2001, a public offering commenced under which members of the Sands family will sell 2,150,000 shares of Constellation Class A Common Stock at a public offering price of $38.75 per share. The closing of the offering is expected to occur on October 1, 2001, and is subject to customary closing conditions.

In connection with this offering, Constellation has granted the underwriter an option to purchase up to 322,500 additional shares of Class A Common Stock to cover over-allotments. In the event this option is exercised, the net proceeds from the sale of such shares will be used by Constellation to repay a portion of the debt outstanding under its senior credit facility.

The shares may be offered only by means of a prospectus, including a prospectus supplement. A copy of the prospectus supplement may be obtained from Salomon Smith Barney.

About Constellation

Constellation Brands, Inc. is a leader in the production and marketing of beverage alcohol brands in North America and the United Kingdom and is a leading independent drinks wholesaler in the United Kingdom. Leading brands in Constellation's portfolio include: Franciscan Oakville Estate, Simi, Estancia, Ravenswood, Corona Extra, Modelo Especial, St. Pauli Girl, Almaden, Arbor Mist, Talus, Vendange, Alice White, Black Velvet, Fleischmann's, Schenley, Ten High, Stowells of Chelsea, Blackthorn and K.

SOURCE Constellation Brands, Inc.

CONTACT: Investors - Mark Maring, +1-716-218-2132, Media - Ginny Clark, +1-716-218-2167, both of Constellation Brands, Inc.