MOLSON COORS BEVERAGE CO — Director's Dealing 2006

May 19, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOLSON COORS BREWING CO (TAP.A; TAP)
CIK: 0000024545
Period of Report: 2006-05-18

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-18	Class B Common Stock	A	1500	$0.00	Acquired	3000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	234	Indirect
Class A Common Stock	126	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class A Exchangeable Shares of Molson Coors Canada Inc.	$		Class A Common Stock (928612)	928612	Indirect
Class A Exchangeable Shares of Molson Coors Canada Inc.	$		Class A Common Stock (333529)	333529	Indirect
Class B Exchangeable Shares of Molson Coors Canada Inc.	$		Class B Common Stock (1724566)	1724566	Indirect
Class B Exchangeable Shares of Molson Coors Canada Inc.	$		Class B Common Stock (619411)	619411	Indirect
Class B Exchangeable Shares of Molson Coors Canada Inc.	$		Class B Common Stock (35640)	35640	Indirect
Class B Exchangeable Shares of Molson Coors Canada Inc.	$		Class B Common Stock (45194)	45194	Indirect

Footnotes

F1: Mr. Molson received a grant of restricted stock as director compensation. The shares vest in full on the third anniversary of the grant date.

F2: These shares are owned by Pentland Securities (1981) Inc., which is owned in part by Lincolnshire Holdings Limited which is wholly owned by Mr. Molson. Mr. Molson disclaims benefical ownership of these shares.

F3: The shares are exchangeable on a 1-for-1 basis for shares of the corresponding class of Molson Coors Brewing Company common stock.

F4: These shares are exchangeable at any time.

F5: There is no expiration date.

F6: These shares are owned by 4280661 Canada Inc., a wholly owned subsidiary of Pentland Securities (1981) Inc. Mr. Molson disclaims beneficial ownership of these shares.

F7: These shares are owned by Lincolnshire Holdings Limited, which is wholly owned by by Mr. Molson.

F8: These shares are owned by 4198832 Canada Inc., a wholly owned subsidiary of Lincolnshire Holdings Limited.

F9: Effective January 1, 2006, Mr. Molson resigned as a Trustee of the Thomas Henry Pentland Molson Trust and thus no longer has a reportable beneficial interest in 7,720 and 6,964 shares of Class A Exchangeable Shares of Molson Coors Canada Inc., which were formerly reported as owned indirectly by DJS Holdings Ltd and BAX Investments Ltd, respectively.

F10: Effective January 1, 2006, Mr. Molson resigned as a Trustee of the Thomas Henry Pentland Molson Trust and thus no longer has a reportable beneficial interest in 143,698 and 145,092 shares of Class B Exchangeable Shares of Molson Coors Canada Inc., which were formerly reported as owned indirectly by 6339522 Canada Inc., and 6339549 Canada Inc., respectively.