Molson Coors Beverage Company Announces Pricing of its Public Offering of United States Dollar-Denominated Senior Notes

Molson Coors Beverage Company ("MCBC," "Molson Coors" or "the Company") (NYSE:TAP, TAP.A, TAP 32, TSX:TPX, TPX.B)) announced today that it has priced its previously announced public offering (the "Offering") of $1,500,000,000 aggregate principal amount of its senior notes, consisting of $500,000,000 aggregate principal amount of 4.900% Senior Notes due 2031 and $1,000,000,000 aggregate principal amount of 5.500% Senior Notes due 2036 (collectively, the "Notes"). The Offering is expected to close on or about May 27, 2026, subject to customary closing conditions.

Molson Coors intends to use the net proceeds of the Offering for general corporate purposes, including the repayment of the $2.0 billion 3.00% Senior Notes due 2026.

Citigroup Global Markets Inc., BofA Securities, Inc. and Goldman Sachs & Co. LLC are acting as joint book-running managers for the Offering.

The Offering is being made pursuant to an effective shelf registration statement (including a prospectus) (File No. 333-277183) filed with the Securities and Exchange Commission ("SEC"), which became effective upon filing. A preliminary prospectus supplement related to the Offering was filed with the SEC on May 20, 2026 and is available on the SEC's website at www.sec.gov. A final prospectus supplement related to the Offering will be filed with the SEC. A copy of the prospectus and related preliminary prospectus supplement for the Offering may be obtained by contacting: Citigroup Global Markets Inc. by mail at c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 by telephone at 1-800-831-9146 or by email at prospectus@citi.com; BofA Securities, Inc. by mail at NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attention: Prospectus Department or by email at dg.prospectus_requests@bofa.com; Goldman Sachs & Co. LLC by mail at 200 West Street, New York, NY 10282, Attention: Prospectus Department, by facsimile at 212-902-9316, by telephone at 1-866-471-2526 or by email at prospectus-ny@ny.email.gs.com.

This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Notes or any other security, nor shall there be any sale of the Notes or any other security in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction.

Overview of Molson Coors

For more than two centuries, we have brewed beverages that unite people to celebrate all life's moments. From our core power brands Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Carling and Ožujsko to our above premium brands including Madrí Excepcional, Staropramen, Blue Moon Belgian White and Leinenkugel's Summer Shandy, to our value brands like Miller High Life and Keystone Light, we produce many beloved and iconic beers. While our history is rooted in beer, we offer a modern portfolio that expands beyond the beer aisle as well, including flavored beverages like Vizzy Hard Seltzer and Monaco, spirits and non-alcoholic beverages. We also have partner brands, such as Simply Spiked, ZOA Energy, Fever-Tree, among others, through license, distribution, partnership and joint venture agreements. As a business, our ambition is to be the first choice for our people, our consumers and our customers, and our success depends on our ability to make our products available to meet a wide range of consumer segments and occasions.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the U.S. federal securities laws. Such statements include, without limitation, Molson Coors' plans and intentions regarding the Offering and the use of proceeds from the Offering. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, including, without limitation, prevailing market conditions and other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. More information about potential risk factors that could affect Molson Coors and its results is included in Molson Coors' filings with the SEC, including our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available at www.sec.gov. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Molson Coors does not undertake to update forward-looking statements, whether as a result of new information, future events or otherwise.

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Investor Relations

Greg Tierney, MCBCInvestorRelations@molsoncoors.com



News Media

Rachel Gellman Johnson, press@molsoncoors.com