Mr. Greg Tierney reports

MOLSON COORS BEVERAGE COMPANY ANNOUNCES REGULAR QUARTERLY DIVIDEND

The board of directors of Molson Coors Beverage Company today declared a regular quarterly dividend on its Class A and Class B common stock of 41 U.S. cents per share, payable Sept. 15, 2023, to stockholders of record on Sept. 1, 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 today declared a quarterly dividend of approximately 53 cents (the Canadian-dollar equivalent of the dividend declared on Molson Coors Beverage Company stock), payable Sept. 15, 2023, to its Class A and Class B exchangeable shareholders of record on Sept. 1, 2023. The dividends declared in respect of the Class A and Class B exchangeable shares are eligible dividends for Canadian tax purposes.

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.