The Board of Directors of Molson Coors Beverage Company (NYSE: TAP, TAP.A) today declared a regular quarterly dividend on its Class A and Class B common stock of US$0.38 per share, payable June 15, 2022, to stockholders of record on June 3, 2022. The quarterly dividend is payable to holders of Class A and Class B common stock of Molson Coors Beverage Company.

In addition, the Board of Directors of Molson Coors Canada Inc. (TSX: TPX.B, TPX.A) today declared a quarterly dividend of approximately CDN$0.48 (the Canadian dollar equivalent of the dividend declared on Molson Coors Beverage Company stock), payable June 15, 2022, to its Class A and Class B exchangeable shareholders of record on June 3, 2022. The dividends declared in respect of the Class A and Class B exchangeable shares are eligible dividends for Canadian tax purposes.

About Molson Coors Beverage Company

For more than two centuries Molson Coors Beverage Company has been brewing beverages that unite people for all life’s moments. From Coors Light, Miller Lite, Molson Canadian, Carling, and Staropramen to Coors Banquet, Blue Moon Belgian White, Blue Moon LightSky, Vizzy, Coors Seltzer, Leinenkugel’s Summer Shandy, Creemore Springs, Hop Valley and more, Molson Coors produces many beloved and iconic beer brands. While the Company’s history is rooted in beer, Molson Coors offers a modern portfolio that expands beyond the beer aisle as well. Our Environmental, Social and Governance ("ESG") strategy is focused on People and Planet with a strong commitment to raising industry standards and leaving a positive imprint on our employees, consumers, communities and the environment. To learn more about Molson Coors Beverage Company, visit molsoncoors.com, MolsonCoorsOurImprint.com or on Twitter through @MolsonCoors.

About Molson Coors Canada Inc.

Molson Coors Canada Inc. (MCCI) is a subsidiary of Molson Coors Beverage Company. MCCI Class A and Class B exchangeable shares offer substantially the same economic and voting rights as the respective classes of common shares of Molson Coors Beverage Company, as described in Molson Coors Beverage Company’s annual proxy statement and Form 10-K filings with the U.S. Securities and Exchange Commission. Specifically, the trustee holder of Molson Coors Beverage Company’s special Class A voting stock and the special Class B voting stock has the right to cast a number of votes equal to the number of then outstanding Class A exchangeable shares and Class B exchangeable shares, respectively.

Investor Relations Greg Tierney, (414) 931-3303 Traci Mangini, (415) 308-0151

News Media Jennifer Martinez-Roth, (773) 520-2538

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