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 Stephen Thomas (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	$		Class B Common Stock (126)		Indirect
Class A exchangeable shares of Molson Coors Canada Inc.	$		Class A Common Stock (928612)		Indirect
Class A Common	$		Class B Common Stock (928612)		Indirect
Class A exchangeable shares of Molson Coors Canada Inc.	$		Class A Common Stock (333529)		Indirect
Class A Common	$		Class B Common Stock (333529)		Indirect
Class A exchangeable shares of Molson Coors Canada Inc.	$		Class A Common Stock (6964)		Indirect
Class A Common	$		Class B Common Stock (6964)		Indirect
Class A exchangeable shares of Molson Coors Canada Inc.	$		Class A Common Stock (7720)		Indirect
Class A Common	$		Class B Common Stock (7720)		Indirect
Class A exchangeable shares of Molson Coors Canada Inc.	$		Class A Common Stock (37)		Indirect
Class A Common	$		Class B Common Stock (37)		Indirect
Class B exchangeable shares of Molson Coors Canada Inc.	$		Class B Common Stock (70)		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 (1296)		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
Stock Option (right to buy)	$29.3142		Class B Common Stock (11520)		Direct
Stock Option (right to buy)	$29.8039		Class B Common Stock (1080)		Direct
Stock Option (right to buy)	$29.1823		Class B Common Stock (1080)		Direct
Stock Option (right to buy)	$31.2618		Class B Common Stock (1080)		Direct
Stock Option (right to buy)	$51.9610		Class B Common Stock (1080)		Direct
Stock Option (right to buy)	$75.2776		Class B Common Stock (1224)		Direct
Stock Option (right to buy)	$82.2668		Class B Common Stock (1224)		Direct

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
Nooya Investments Limited and another stockholder. Nooya Investments Limited is wholly owned by Stephen T. Molson. Stephen
T. Molson 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. Stephen T. Molson 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.
Stephen T. Molson is one of three trustees of the Trust, and his two sisters are the beneficiaries of the Trust. Stephen T.
Molson 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 controlled by the Trust u/w/o Thomas H.P. Molson. Stephen T.
Molson 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. Stephen T. Molson 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. Stephen T. Molson disclaims beneficial ownership of these shares
except to the extent of his pecuniary interest therein.

F11: These shares are owned directly by Nooya Investments Limited.

F12: These shares are owned directly by 6339522 Canada Inc., a wholly owned subsidiary of BAX Investments Limited. Stephen T.
Molson disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

F13: These shares are owned directly by 6339549 Canada Inc., a wholly owned subsidiary of DJS Holdings Ltd. Stephen T. Molson
disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

F14: The expiration date is February 9, 2006.