X0202 4 2004-09-17 0 0001048620 GRANITE CITY FOOD & BREWERY LTD GCFB 0001275099 MCGOWAN EUGENE E 122 S. PHILLIPS AVENUE, SUITE 300 SIOUX FALLS SD 57104 1 0 0 0 Common Stock 2004-09-17 4 P 0 425538 0 A 436670 I See Footnote Common Stock 4520 D Warrant 5.00 2004-09-17 4 P 0 170215 0 A 2004-09-17 2009-09-17 Common Stock 170215 170215 I See Footnote Granite Partners, L.L.C. entered into a securities purchase agreement with the issuer on September 17, 2004, pursuant to which Granite Partners, L.L.C. is irrevocably bound to purchase the shares and warrants reported herein. The issuance of these securities is subject to the approval of the issuer's shareholders in compliance with Nasdaq Marketplace Rules. Consists of (i) 5,303 shares held by Brew Buddies, L.L.C.; (ii) 5,829 shares held by Brew Masters, L.L.C.; and (iii) 425,538 shares purchased by Granite Partners, L.L.C. The warrants were issued for no additional consideration in connection with the purchase by Granite Partners, L.L.C. of the shares reported in Table 1. Held by Granite Partners, L.L.C. Mr. McGowan has business relationships with Brew Buddies, L.L.C., Brew Masters, LLC and Granite Partners, L.L.C., such that he may be deemed to be the indirect beneficial owner of the securities held by such entities. This report includes securities held by such entities. Eugene E. McGowan 2004-09-20