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: Molson Stephen Thomas (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	445976	Disposed		Class B Common Stock (445976)	Indirect
2007-11-16	Class B exchangeable shares of Molson Coors Canada Inc.	$	J	445976	Acquired		Class B Common Stock (445976)	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	Indirect
Class B exchangeable shares of Molson Coors Canada Inc.	$		Class B Common Stock (140)	140	Indirect

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: These shares were sold by 4280661 Canada Inc. ("4280661"), a wholly owned subsidiary of Pentland Securities (1981) Inc.
("Pentland"), to Nooya Investments Inc. ("Nooya"). Pentland is owned by Nooya and another shareholder, and Nooya is wholly
owned by Stephen T. Molson. Mr. Molson had previously reported indirect ownership of all Class B exchangeable shares owned
by 4280661, and the 445,976 shares sold by 4280661 to Nooya represent Mr. Molson's indirect pecuniary interest in such
shares.

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) an unsecured promissory note and (ii) redeemable, retractable non-voting
preferred shares in 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.

F8: These shares are owned directly by Nooya.

F9: These shares are owned directly by Pentland. Mr. Molson disclaims beneficial ownership of these shares except to the extent
of his pecuniary interest therein.