Mr. Greg Tierney reports

MOLSON COORS BEVERAGE COMPANY ANNOUNCES REGULAR QUARTERLY DIVIDEND

The board of directors of Molson Coors Beverage Company (parent company of Molson Coors Canada Inc.) today declared a regular quarterly dividend on its Class A and Class B common stock of 41 U.S. cents per share, payable June 15, 2023, to stockholders of record on June 2, 2023. The quarterly dividend is payable to holders of Class A and Class B common stock of Molson Coors Beverage Company.

In addition, the board of directors of Molson Coors Canada Inc. (TSX: TPX.B, TPX.A) today declared a quarterly dividend of approximately 55 cents (the Canadian-dollar equivalent of the dividend declared on Molson Coors Beverage Company stock), payable June 15, 2023, to its Class A and Class B exchangeable shareholders of record on June 2, 2023. The dividends declared in respect of the Class A and Class B exchangeable shares are eligible dividends for Canadian tax purposes.

Overview of Molson Coors Beverage Company

For more than two centuries Molson Coors Beverage Company has been brewing beverages that unite people to celebrate all life's moments. From Coors Light, Miller Lite, Molson Canadian, Carling and Staropramen to Coors Banquet, Blue Moon Belgian White, Vizzy Hard Seltzer, Leinenkugel's Summer Shandy, Miller High Life and more, Molson Coors produces many beloved and iconic beer brands. While Molson Coors' history is rooted in beer, Molson Coors offers a modern portfolio that expands beyond the beer aisle as well.

About Molson Coors Canada Inc.

Molson Coors Canada (MCCI) is a subsidiary of Molson Coors Beverage Company (MCBC). MCCI Class A and Class B exchangeable shares offer substantially the same economic and voting rights as the respective classes of common shares of MCBC, as described in MCBC's annual proxy statement and Form 10-K filings with the United States Securities and Exchange Commission. The trustee holder of the special Class A voting stock and the special Class B voting stock has the right to cast a number of votes equal to the number of then outstanding Class A exchangeable shares and Class B exchangeable shares, respectively.