Schedule of Supplemental Guarantor Information

MOLSON COORS BREWING COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

FOR THE THIRTEEN WEEKS ENDED SEPTEMBER 28, 2013

(IN MILLIONS)

(UNAUDITED)



	Parent Guarantor and 2012 Issuer			Subsidiary Guarantors			Subsidiary Non Guarantors			Eliminations			Consolidated
Sales	$	7.3		$	1,277.3		$	451.3		$	(70.5	)	$	1,665.4
Excise taxes	—			(401.2		)	(93.0		)	—			(494.2		)
Net sales	7.3			876.1			358.3			(70.5		)	1,171.2
Cost of goods sold	—			(501.7		)	(210.2		)	41.9			(670.0		)
Gross profit	7.3			374.4			148.1			(28.6		)	501.2
Marketing, general and administrative expenses	(26.3		)	(204.2		)	(105.9		)	28.6			(307.8		)
Special items, net	(0.2		)	(9.1		)	(153.7		)	—			(163.0		)
Equity income (loss) in subsidiaries	59.1			(161.9		)	115.1			(12.3		)	—
Equity income in MillerCoors	—			148.3			—			—			148.3
Operating income (loss)	39.9			147.5			3.6			(12.3		)	178.7
Interest income (expense), net	(24.6		)	91.4			(84.6		)	—			(17.8		)
Other income (expense), net	(7.4		)	(18.6		)	20.5			—			(5.5		)
Income (loss) from continuing operations before income taxes	7.9			220.3			(60.5		)	(12.3		)	155.4
Income tax benefit (expense)	113.9			(173.4		)	26.8			—			(32.7		)
Net income (loss) from continuing operations	121.8			46.9			(33.7		)	(12.3		)	122.7
Income (loss) from discontinued operations, net of tax	—			—			0.9			—			0.9
Net income (loss) including noncontrolling interests	121.8			46.9			(32.8		)	(12.3		)	123.6
Add back (less): Loss (net income) attributable to noncontrolling interests	—			—			(1.8		)	—			(1.8		)
Net income (loss) attributable to MCBC	$	121.8		$	46.9		$	(34.6	)	$	(12.3	)	$	121.8
Comprehensive income attributable to MCBC	$	403.7		$	317.0		$	106.9		$	(423.9	)	$	403.7

MOLSON COORS BREWING COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

FOR THE THIRTEEN WEEKS ENDED SEPTEMBER 29, 2012

(IN MILLIONS)

(UNAUDITED)



	Parent Guarantor and 2012 Issuer			Subsidiary Guarantors			Subsidiary Non Guarantors			Eliminations			Consolidated
Sales	$	7.4		$	1,311.1		$	428.4		$	(61.1	)	$	1,685.8
Excise taxes	—			(401.4		)	(88.9		)	—			(490.3		)
Net sales	7.4			909.7			339.5			(61.1		)	1,195.5
Cost of goods sold	—			(516.3		)	(222.2		)	51.5			(687.0		)
Gross profit	7.4			393.4			117.3			(9.6		)	508.5
Marketing, general and administrative expenses	(28.3		)	(208.2		)	(73.7		)	9.6			(300.6		)
Special items, net	(0.3		)	(7.0		)	(28.6		)	—			(35.9		)
Equity income (loss) in subsidiaries	215.7			(79.5		)	126.4			(262.6		)	—
Equity income in MillerCoors	—			132.0			—			—			132.0
Operating income (loss)	194.5			230.7			141.4			(262.6		)	304.0
Interest income (expense), net	(27.2		)	70.8			(98.0		)	—			(54.4		)
Other income (expense), net	8.8			(17.9		)	2.7			—			(6.4		)
Income (loss) from continuing operations before income taxes	176.1			283.6			46.1			(262.6		)	243.2
Income tax benefit (expense)	22.3			(66.8		)	2.0			—			(42.5		)
Net income (loss) from continuing operations	198.4			216.8			48.1			(262.6		)	200.7
Income (loss) from discontinued operations, net of tax	—			—			0.7			—			0.7
Net income (loss) including noncontrolling interests	198.4			216.8			48.8			(262.6		)	201.4
Add back (less): Loss (net income) attributable to noncontrolling interests	—			—			(3.0		)	—			(3.0		)
Net income (loss) attributable to MCBC	$	198.4		$	216.8		$	45.8		$	(262.6	)	$	198.4
Comprehensive income attributable to MCBC	$	461.7		$	449.2		$	140.3		$	(589.5	)	$	461.7

MOLSON COORS BREWING COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

FOR THE THIRTY-NINE WEEKS ENDED SEPTEMBER 28, 2013

(IN MILLIONS)

(UNAUDITED)



	Parent Guarantor and 2012 Issuer			Subsidiary Guarantors			Subsidiary Non Guarantors			Eliminations			Consolidated
Sales	$	20.8		$	3,561.0		$	1,098.3		$	(170.2	)	$	4,509.9
Excise taxes	—			(1,096.5		)	(235.7		)	—			(1,332.2		)
Net sales	20.8			2,464.5			862.6			(170.2		)	3,177.7
Cost of goods sold	—			(1,451.1		)	(576.2		)	126.1			(1,901.2		)
Gross profit	20.8			1,013.4			286.4			(44.1		)	1,276.5
Marketing, general and administrative expenses	(91.2		)	(570.3		)	(280.0		)	44.1			(897.4		)
Special items, net	(1.2		)	(10.1		)	(154.5		)	—			(165.8		)
Equity income (loss) in subsidiaries	414.8			(427.5		)	308.6			(295.9		)	—
Equity income in MillerCoors	—			438.3			—			—			438.3
Operating income (loss)	343.2			443.8			160.5			(295.9		)	651.6
Interest income (expense), net	(78.3		)	223.5			(279.1		)	—			(133.9		)
Other income (expense), net	(6.0		)	2.0			(4.5		)	—			(8.5		)
Income (loss) from continuing operations before income taxes	258.9			669.3			(123.1		)	(295.9		)	509.2
Income tax benefit (expense)	176.9			(269.9		)	22.7			—			(70.3		)
Net income (loss) from continuing operations	435.8			399.4			(100.4		)	(295.9		)	438.9
Income (loss) from discontinued operations, net of tax	—			—			1.7			—			1.7
Net income (loss) including noncontrolling interests	435.8			399.4			(98.7		)	(295.9		)	440.6
Add back (less): Loss (net income) attributable to noncontrolling interests	—			—			(4.8		)	—			(4.8		)
Net income (loss) attributable to MCBC	$	435.8		$	399.4		$	(103.5	)	$	(295.9	)	$	435.8
Comprehensive income attributable to MCBC	$	369.3		$	377.0		$	(56.0	)	$	(321.0	)	$	369.3

MOLSON COORS BREWING COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

FOR THE THIRTY-NINE WEEKS ENDED SEPTEMBER 29, 2012

(IN MILLIONS)

(UNAUDITED)



	Parent Guarantor and 2012 Issuer			Subsidiary Guarantors			Subsidiary Non Guarantors			Eliminations			Consolidated
Sales	$	20.6		$	3,622.7		$	651.0		$	(159.5	)	$	4,134.8
Excise taxes	—			(1,116.1		)	(132.4		)	—			(1,248.5		)
Net sales	20.6			2,506.6			518.6			(159.5		)	2,886.3
Cost of goods sold	—			(1,441.1		)	(397.4		)	132.6			(1,705.9		)
Gross profit	20.6			1,065.5			121.2			(26.9		)	1,180.4
Marketing, general and administrative expenses	(113.7		)	(629.9		)	(136.9		)	26.9			(853.6		)
Special items, net	(1.4		)	(18.2		)	(39.0		)	—			(58.6		)
Equity income (loss) in subsidiaries	505.9			(378.6		)	276.1			(403.4		)	—
Equity income in MillerCoors	—			436.5			—			—			436.5
Operating income (loss)	411.4			475.3			221.4			(403.4		)	704.7
Interest income (expense), net	(82.6		)	209.0			(289.2		)	—			(162.8		)
Other income (expense), net	1.7			(26.8		)	(53.2		)	—			(78.3		)
Income (loss) from continuing operations before income taxes	330.5			657.5			(121.0		)	(403.4		)	463.6
Income tax benefit (expense)	52.5			(157.3		)	19.1			—			(85.7		)
Net income (loss) from continuing operations	383.0			500.2			(101.9		)	(403.4		)	377.9
Income (loss) from discontinued operations, net of tax	—			—			1.6			—			1.6
Net income (loss) including noncontrolling interests	383.0			500.2			(100.3		)	(403.4		)	379.5
Add back (less): Loss (net income) attributable to noncontrolling interests	—			—			3.5			—			3.5
Net income (loss) attributable to MCBC	$	383.0		$	500.2		$	(96.8	)	$	(403.4	)	$	383.0
Comprehensive income attributable to MCBC	$	708.0		$	794.2		$	35.2		$	(829.4	)	$	708.0

Schedule of Supplemental Guarantor Information

MOLSON COORS BREWING COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEETS

AS OF SEPTEMBER 28, 2013

(IN MILLIONS)

(UNAUDITED)



	Parent Guarantor and 2012 Issuer			Subsidiary Guarantors			Subsidiary Non Guarantors			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	39.2		$	173.0		$	194.7		$	—		$	406.9
Accounts receivable, net	0.6			465.1			192.9			—			658.6
Other receivables, net	41.6			46.0			16.6			—			104.2
Total inventories, net	—			191.5			46.9			—			238.4
Other assets, net	11.0			59.3			47.7			—			118.0
Deferred tax assets	—			—			71.4			(1.4		)	70.0
Intercompany accounts receivable	—			2,759.5			679.7			(3,439.2		)	—
Total current assets	92.4			3,694.4			1,249.9			(3,440.6		)	1,596.1
Properties, net	30.3			1,287.2			659.2			—			1,976.7
Goodwill	—			1,148.9			1,266.4			—			2,415.3
Other intangibles, net	—			4,429.5			2,544.2			—			6,973.7
Investment in MillerCoors	—			2,541.9			—			—			2,541.9
Net investment in and advances to subsidiaries	12,422.0			3,220.9			6,471.9			(22,114.8		)	—
Deferred tax assets	21.8			48.3			0.8			(31.4		)	39.5
Other assets, net	36.0			125.8			67.8			—			229.6
Total assets	$	12,602.5		$	16,496.9		$	12,260.2		$	(25,586.8	)	$	15,772.8
Liabilities and equity
Current liabilities:
Accounts payable and other current liabilities	$	71.8		$	890.0		$	432.8		$	—		$	1,394.6
Derivative hedging instruments	—			135.9			0.8			—			136.7
Deferred tax liability	8.3			104.3			—			(1.4		)	111.2
Current portion of long-term debt and short-term borrowings	391.1			60.8			186.4			—			638.3
Discontinued operations	—			—			7.1			—			7.1
Intercompany accounts payable	1,931.1			667.5			840.6			(3,439.2		)	—
Total current liabilities	2,402.3			1,858.5			1,467.7			(3,440.6		)	2,287.9
Long-term debt	1,895.9			1,357.1			0.5			—			3,253.5
Pension and post-retirement benefits	3.6			742.2			6.9			—			752.7
Derivative hedging instruments	—			1.7			1.1			—			2.8
Deferred tax liability	—			—			973.3			(31.4		)	941.9
Other liabilities, net	13.3			60.5			123.4			—			197.2
Discontinued operations	—			—			18.1			—			18.1
Intercompany notes payable	—			920.0			6,333.9			(7,253.9		)	—
Total liabilities	4,315.1			4,940.0			8,924.9			(10,725.9		)	7,454.1
MCBC stockholders' equity	8,290.6			17,887.6			4,227.2			(22,114.8		)	8,290.6
Intercompany notes receivable	(3.2		)	(6,330.7		)	(920.0		)	7,253.9			—
Total stockholders' equity	8,287.4			11,556.9			3,307.2			(14,860.9		)	8,290.6
Noncontrolling interests	—			—			28.1			—			28.1
Total equity	8,287.4			11,556.9			3,335.3			(14,860.9		)	8,318.7
Total liabilities and equity	$	12,602.5		$	16,496.9		$	12,260.2		$	(25,586.8	)	$	15,772.8

MOLSON COORS BREWING COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEETS

AS OF DECEMBER 29, 2012

(IN MILLIONS)

(UNAUDITED)



	Parent Guarantor and 2012 Issuer			Subsidiary Guarantors			Subsidiary Non Guarantors			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	189.8		$	249.3		$	184.9		$	—		$	624.0
Accounts receivable, net	1.7			524.7			134.1			—			660.5
Other receivables, net	22.7			54.6			15.6			—			92.9
Total inventories, net	—			172.5			41.4			—			213.9
Other assets, net	10.7			67.1			39.7			—			117.5
Deferred tax assets	—			—			40.7			(1.5		)	39.2
Intercompany accounts receivable	—			2,077.8			1,137.5			(3,215.3		)	—
Total current assets	224.9			3,146.0			1,593.9			(3,216.8		)	1,748.0
Properties, net	25.1			1,338.9			631.9			—			1,995.9
Goodwill	—			1,068.5			1,384.6			—			2,453.1
Other intangibles, net	—			4,606.8			2,628.0			—			7,234.8
Investment in MillerCoors	—			2,431.8			—			—			2,431.8
Net investment in and advances to subsidiaries	10,465.2			2,291.6			5,291.7			(18,048.5		)	—
Deferred tax assets	47.4			104.8			4.9			(31.7		)	125.4
Other assets	38.6			125.0			59.6			—			223.2
Total assets	$	10,801.2		$	15,113.4		$	11,594.6		$	(21,297.0	)	$	16,212.2
Liabilities and equity
Current liabilities:
Accounts payable and other current liabilities	$	64.0		$	787.7		$	335.2		$	—		$	1,186.9
Derivative hedging instruments	—			6.0			—			—			6.0
Deferred tax liability	11.3			142.5			—			(1.5		)	152.3
Current portion of long-term debt and short-term borrowings	564.2			668.3			13.1			—			1,245.6
Discontinued operations	—			—			7.9			—			7.9
Intercompany accounts payable	1,166.3			1,133.3			915.7			(3,215.3		)	—
Total current liabilities	1,805.8			2,737.8			1,271.9			(3,216.8		)	2,598.7
Long-term debt	1,895.6			1,402.5			124.4			—			3,422.5
Pension and post-retirement benefits	3.3			823.1			6.6			—			833.0
Derivative hedging instruments	—			222.2			—			—			222.2
Deferred tax liability	—			—			980.2			(31.7		)	948.5
Other liabilities, net	6.6			64.4			104.7			—			175.7
Discontinued operations	—			—			20.0			—			20.0
Intercompany notes payable	—			1,135.8			6,971.9			(8,107.7		)	—
Total liabilities	3,711.3			6,385.8			9,479.7			(11,356.2		)	8,220.6
MCBC stockholders' equity	7,966.9			15,036.7			3,011.8			(18,048.5		)	7,966.9
Intercompany notes receivable	(877.0		)	(6,309.1		)	(921.6		)	8,107.7			—
Total stockholders' equity	7,089.9			8,727.6			2,090.2			(9,940.8		)	7,966.9
Noncontrolling interests	—			—			24.7			—			24.7
Total equity	7,089.9			8,727.6			2,114.9			(9,940.8		)	7,991.6
Total liabilities and equity	$	10,801.2		$	15,113.4		$	11,594.6		$	(21,297.0	)	$	16,212.2

Schedule of Supplemental Guarantor Information

MOLSON COORS BREWING COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

FOR THE THIRTY-NINE WEEKS ENDED SEPTEMBER 28, 2013

(IN MILLIONS)

(UNAUDITED)



	Parent Guarantor and 2012 Issuer			Subsidiary Guarantors			Subsidiary Non Guarantors			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	565.5		$	327.2		$	394.0		$	(256.7	)	$	1,030.0
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to properties	(11.9		)	(103.4		)	(102.9		)	—			(218.2		)
Proceeds from sales of properties and other long-lived assets	—			3.2			4.3			—			7.5
Proceeds from sale of business	—			—			2.0			—			2.0
Investment in MillerCoors	—			(924.0		)	—			—			(924.0		)
Return of capital from MillerCoors	—			822.4			—			—			822.4
Investment in and advances to an unconsolidated affiliate	—			—			(2.4		)	—			(2.4		)
Loan repayments	—			7.7			(0.2		)	—			7.5
Loan advances	—			(5.4		)	—			—			(5.4		)
Net intercompany investing activity	(446.3		)	114.9			—			331.4			—
Net cash provided by (used in) investing activities	(458.2		)	(84.6		)	(99.2		)	331.4			(310.6		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Exercise of stock options under equity compensation plans	74.9			—			—			—			74.9
Excess tax benefits from share-based compensation	6.0			—			—			—			6.0
Payments for purchase of noncontrolling interest	—			—			(0.2		)	—			(0.2		)
Dividends paid	(154.5		)	(68.0		)	(209.9		)	256.7			(175.7		)
Dividends paid to noncontrolling interest holders	—			—			(1.2		)	—			(1.2		)
Debt issuance costs	(0.2		)	—			(0.1		)	—			(0.3		)
Payments on long-term debt and capital lease obligations	(577.6		)	(615.1		)	(123.8		)	—			(1,316.5		)
Proceeds from short-term borrowings	—			—			19.3			—			19.3
Payments on short-term borrowings	—			—			(15.1		)	—			(15.1		)
Proceeds from settlement of derivative instruments	2.6			—			—			—			2.6
Payments on settlement of derivative instruments	—			(66.2		)	—			—			(66.2		)
Net proceeds from (payments on) revolving credit facilities and commercial paper	390.9			—			157.5			—			548.4
Change in overdraft balances and other	—			—			(0.8		)	—			(0.8		)
Net intercompany financing activity	—			446.3			(114.9		)	(331.4		)	—
Net cash provided by (used in) financing activities	(257.9		)	(303.0		)	(289.2		)	(74.7		)	(924.8		)
CASH AND CASH EQUIVALENTS:
Net increase (decrease) in cash and cash equivalents	(150.6		)	(60.4		)	5.6			—			(205.4		)
Effect of foreign exchange rate changes on cash and cash equivalents	—			(15.9		)	4.2			—			(11.7		)
Balance at beginning of year	189.8			249.3			184.9			—			624.0
Balance at end of period	$	39.2		$	173.0		$	194.7		$	—		$	406.9

MOLSON COORS BREWING COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

FOR THE THIRTY-NINE WEEKS ENDED SEPTEMBER 29, 2012

(IN MILLIONS)

(UNAUDITED)



	Parent Guarantor and 2012 Issuer			Subsidiary Guarantors			Subsidiary Non Guarantors			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	595.4		$	895.6		$	(470.0	)	$	(181.0	)	$	840.0
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to properties	(6.3		)	(103.8		)	(33.3		)	—			(143.4		)
Proceeds from sales of properties and other long-lived assets	—			1.6			1.4			—			3.0
Acquisition of businesses, net of cash acquired	—			—			(2,257.4		)	—			(2,257.4		)
Payment on discontinued operations	—			—			(6.8		)	—			(6.8		)
Investment in MillerCoors	—			(826.1		)	—			—			(826.1		)
Return of capital from MillerCoors	—			723.3			—			—			723.3
Payments on settlement of derivative instruments	—			(110.6		)	—			—			(110.6		)
Investment in and advances to an unconsolidated affiliate	—			(0.1		)	(3.3		)	—			(3.4		)
Loan repayments	—			14.3			—			—			14.3
Loan advances	—			(7.4		)	—			—			(7.4		)
Net intercompany investing activity	(2,827.4		)	(2,695.0		)	—			5,522.4			—
Net cash provided by (used in) investing activities	(2,833.7		)	(3,003.8		)	(2,299.4		)	5,522.4			(2,614.5		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Exercise of stock options under equity compensation plans	27.4			—			—			—			27.4
Excess tax benefits from share-based compensation	4.2			—			—			—			4.2
Dividends paid	(152.5		)	(174.2		)	(28.3		)	181.0			(174.0		)
Dividends paid to noncontrolling interest holders	—			—			(5.0		)	—			(5.0		)
Debt issuance costs	(39.2		)	—			(1.1		)	—			(40.3		)
Proceeds from issuances of long-term debt	2,045.4			—			150.0			—			2,195.4
Payments on long-term debt and capital lease obligations	(150.0		)	(44.8		)	(31.9		)	—			(226.7		)
Payments on debt assumed in acquisition	—			—			(424.3		)	—			(424.3		)
Proceeds from short-term borrowings	—			—			14.0			—			14.0
Payments on short-term borrowings	—			—			(14.0		)	—			(14.0		)
Payments on settlement of derivative instruments	—			(4.0		)	—			—			(4.0		)
Net proceeds from (payments on) revolving credit facilities	—			—			9.6			—			9.6
Change in overdraft balances and other	—			—			(105.0		)	—			(105.0		)
Net intercompany financing activity	—			2,184.3			3,338.1			(5,522.4		)	—
Net cash provided by (used in) financing activities	1,735.3			1,961.3			2,902.1			(5,341.4		)	1,257.3
CASH AND CASH EQUIVALENTS:
Net increase (decrease) in cash and cash equivalents	(503.0		)	(146.9		)	132.7			—			(517.2		)
Effect of foreign exchange rate changes on cash and cash equivalents	—			15.7			8.3			—			24.0
Balance at beginning of year	601.1			422.5			55.3			—			1,078.9
Balance at end of period	$	98.1		$	291.3		$	196.3		$	—		$	585.7