Mr. Sanjeev Parsad of Premier Diversified reports

PREMIER DIVERSIFIED HOLDINGS INC. CONFIRMS EXPIRY OF TAKEOVER BID FOR RUSSELL BREWERIES INC.

Premier Diversified Holdings Inc. confirms that its takeover bid for up to 51 per cent of the outstanding common shares of Russell Breweries Inc. expires today, Aug. 4, 2015, and Premier will not be taking up any Russell shares deposited under the bid. Premier and Russell jointly announced an agreement with respect to the bid on July 21, 2015.

The depositary for the bid will automatically return any Russell shares which were tendered to the bid to the respective Russell shareholder. If you deposited shares to the bid, you do not need to take any further action as your Russell shares will be returned to you automatically.

Premier continues to hold approximately 16.66 per cent of the outstanding Russell shares and may acquire additional Russell shares up to 19.99 per cent of the outstanding Russell shares on an undiluted basis. Sanjeev Parsad and Alnesh Mohan have been appointed as directors of Russell.

We seek Safe Harbor.