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: Lincolnshire Holdings LTD (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 B exchangeable shares of Molson Coors Canada Inc.	$		Class B Common Stock (35640)		Direct
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 (45194)		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: These 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 disclaims beneficial ownership of
these shares except to the extent of its pecuniary interest therein.

F6: These shares are owned indirectly through the respective Voting Trusts by 4280661 Canada Inc., which is a wholly owned
subsidiary of Pentland Securities (1981) Inc. Lincolnshire Holdings Limited disclaims beneficial ownership of these shares
except to the extent of its pecuniary interest therein.

F7: These shares are owned directly by Pentland Securities (1981) Inc. Lincolnshire Holdings Limited disclaims beneficial
ownership of these shares except to the extent of its pecuniary interest therein.

F8: These shares are owned directly by 4280661 Canada Inc. Lincolnshire Holdings Limited disclaims beneficial ownership of these
shares except to the extent of its pecuniary interest therein.

F9: These shares are owned directly by 4198832 Canada Inc., which is a wholly owned subsidiary of Lincolnshire Holdings Limited.