MOLSON COORS BEVERAGE CO — Director's Dealing 2005

Feb 18, 2005

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: MOLSON COORS BREWING CO (TAP.A; TAP)
CIK: 0000024545
Period of Report: 2005-02-09

Reporting Person: Molson Eric Herbert (Director, 10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	234	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class A Common Stock	$		Class B Common Stock (126)		Indirect
Class A exchangeable shares of Molson Coors Canada Inc.	$		Class A Common Stock (928612)		Indirect
Class A Common Stock	$		Class B Common Stock (928612)		Indirect
Class A exchangeable shares of Molson Coors Canada Inc.	$		Class A Common Stock (333529)		Indirect
Class A Common Stock	$		Class B Common Stock (333529)		Indirect
Class A exchangeable shares of Molson Coors Canada Inc.	$		Class A Common Stock (6964)		Indirect
Class A Common Stock	$		Class B Common Stock (6964)		Indirect
Class A exchangeable shares of Molson Coors Canada Inc.	$		Class A Common Stock (7720)		Indirect
Class A Common Stock	$		Class B Common Stock (7720)		Indirect
Class B exchangeable shares of Molson Coors Canada Inc.	$		Class B Common Stock (1724566)		Indirect
Class B exchangeable shares of Molson Coors Canada Inc.	$		Class B Common Stock (619411)		Indirect
Class B exchangeable shares of Molson Coors Canada Inc.	$		Class B Common Stock (35640)		Indirect
Class B exchangeable shares of Molson Coors Canada Inc.	$		Class B Common Stock (45194)		Indirect
Class B exchangeable shares of Molson Coors Canada Inc.	$		Class B Common Stock (143698)		Indirect
Class B exchangeable shares of Molson Coors Canada Inc.	$		Class B Common Stock (145092)		Indirect

Footnotes

F1: No expiration date.

F2: The Class A exchangeable shares and Class B exchangeable shares are redeemable by a subsidiary of Molson Coors Brewing Company at any time after February 9, 2045, for the corresponding class of Molson Coors Common Stock or, for non-affiliates only, the equivalent value in cash.

F3: These shares of Class A Common Stock are not outstanding but are issuable upon conversion of the Class A exchangeable shares of Molson Coors Canada Inc.

F4: The shares are convertible on a 1-for-1 basis.

F5: These shares are owned indirectly through the respective Voting Trusts by Pentland Securities (1981) Inc., which is owned by Lincolnshire Holdings Limited and another stockholder. Lincolnshire Holdings Limited is wholly owned by the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

F6: These shares are owned indirectly through the respective Voting Trusts by 4280661 Canada Inc., a wholly owned subsidiary of Pentland Securities (1981) Inc. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

F7: These shares are owned directly by BAX Investments Limited, which is controlled by the Trust u/w/o Thomas H.P. Molson. The Reporting Person is one of three trustees of the Trust, and his two sisters are the beneficiaries of the Trust. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

F8: These shares are owned directly by DJS Holdings Ltd., which is controled by the Trust u/w/o Thomas H.P. Molson. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

F9: These shares are owned directly by Pentland Securities (1981) Inc. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

F10: These shares are owned directly by 4280661 Canada Inc. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

F11: These shares are owned directly by Lincolnshire Holdings Limited.

F12: These shares are owned directly by 4198832 Canada Inc., a wholly owned subsidiary of Lincolnshire Holdings Limited.

F13: These shares are owned directly by 6339522 Canada Inc., a wholly owned subsidiary of BAX Investments Limited. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

F14: These shares are owned directly by 6339549 Canada Inc., a wholly owned subsidiary of DJS Holdings Ltd. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.