MOLSON COORS BEVERAGE CO — Director's Dealing 2007

Nov 19, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOLSON COORS BREWING CO (TAP.A TAP)
CIK: 0000024545
Period of Report: 2007-11-16

Reporting Person: Pentland Securities (1981) Inc. (10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-11-16	Class B exchangeable shares of Molson Coors Canada Inc.	$	J	1238822	Disposed		Class B Common Stock (1238822)	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B exchangeable shares of Molson Coors Canada Inc.	$		Class B Common Stock (3449132)	3449132	Direct

Footnotes

F1: Exchangeable on a 1-for-1 basis for shares of the corresponding class of Molson Coors Brewing Company ("Molson Coors") common
stock.

F2: Represents the sale by 4280661 Canada Inc. ("4280661"), a wholly owned subsidiary of Pentland Securities (1981) Inc.
("Pentland"), of 792,846 exchangeable shares to 4198832 Canada Inc. ("4198832"), a wholly owned subsidiary of Lincolnshire
Holdings Limited ("Lincolnshire"), and 445,976 exchangeable shares to Nooya Investments Inc. ("Nooya"). Pentland is owned by
Nooya and Lincolnshire.

F3: The share numbers reflect a 2-for-1 split of the Class B exchangeable shares of Molson Coors Canada Inc. and the Class B
Common Stock of Molson Coors on October 3, 2007.

F4: These shares are exchangeable at any time.

F5: No expiration date, but redeemable by a subsidiary of Molson Coors at any time after February 9, 2045 for the corresponding
class of Molson Coors Common Stock.

F6: The consideration for the shares consisted of (i) unsecured promissory notes and (ii) redeemable, retractable non-voting
preferred shares of 4198832 and Nooya. The purchase price was denominated in Canadian dollars ("Cdn. $") and is reported in
U.S. dollars ("U.S. $") based on the noon buying rate on November 15, 2007, in New York City for Canadian dollars, as
reported by the Federal Reserve Bank of New York, of Cdn. $0.9804 = U.S. $1.00.

F7: These shares were owned directly by 4280661 Canada, Inc.