Symbol			BFB

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Brown Family Member to Sell Portion of Nonvoting Brown-Forman Class B Shares

2009-11-24 16:19 ET - News Release

Also News Release (U-BFA)

Company Website: http://www.brown-forman.com
LOUISVILLE, Ky. -- (Business Wire)

Brown-Forman Corporation (NYSE:BFB)(NYSE:BFA) has been notified that Ina Brown Bond, a Brown family member and former Company director, plans to direct the sale of up to 1,000,000 shares of the Company’s nonvoting Class B common stock during the remainder of this calendar year, depending on market and other conditions. Ms. Bond has told the Company that she and entities that she controls plan to sell the shares for tax planning purposes and general investment diversification.

Ms. Bond informed the Company that she remains “as supportive as ever of the Company and management.” The sharesto be sold are nonvoting and represent less than 1% of the Company’s total outstanding stock. The proposed sales would not affect the Company’s status as a family-controlled company, as Brown family members would continue to own a substantial majority of the Company’s voting stock.

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