MOLSON COORS BEVERAGE CO — Director's Dealing 2007

May 23, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOLSON COORS BREWING CO (TAP.A; TAP)
CIK: 0000024545
Period of Report: 2007-05-18

Reporting Person: KIELY W LEO III (Director, Global CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-18	Class B Common Stock	A	6892	—	Acquired	80110	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-18	Stock appreciation right	$91.58	A	69754	Acquired	2017-05-18	Class B Common Stock (69754)	Direct
2007-05-18	Employee stock option (right to buy)	$91.58	A	69754	Acquired	2017-05-18	Class B Common Stock (69754)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	7468.172	Indirect
Class B Common Stock	4744.4149	Indirect
Class B Common Stock	730	Indirect

Footnotes

F1: Mr. Kiely was granted an award of restricted stock, which will vest in full on the third anniversary of the date of grant.

F2: Mr. Kiely was granted a stock only stock appreciation right (SOSAR) as an option to purchase shares of Class B common stock. The exercise of the SOSAR will result in the expiration of the employee stock option.

F3: The stock appreciation right and employee stock option vest in three equal annual increments beginning on the first anniversary of the grant date.