Exhibit 99.1

Molson Coors Increases Dividend, Reports Higher Underlying After-Tax Income and EBITDA for Full Year 2013, But Slightly Lower After-Tax Income for the Fourth Quarter

$1.47 billion of Underlying EBITDA and $892 million of Underlying Free Cash Flow Generated for Full Year

Company Announces New Dividend Payout Ratio Target, 16 percent Quarterly Dividend Increase

Fourth Quarter 2013 Highlights ⁽¹⁾⁽²⁾

• Worldwide beer volume: 14.079 million hectoliters, increased 0.1%
• Net sales: $1.03 billion, decreased 0.2%
• Underlying after-tax income: $125.8 million, decreased 0.2% ($0.68 per diluted share)
• U.S. GAAP net income from continuing operations attributable to MCBC: $131.2 million, increased 118.3% ($0.71 per diluted share)
• Underlying EBITDA (earnings before interest, taxes, depreciation and amortization): $313.8 million, increased 2.4%

Full Year 2013 Highlights ⁽¹⁾⁽²⁾

• Worldwide beer volume: 59.738 million hectoliters, increased 8.5%
• Net sales: $4.21 billion, increased 7.4%
• Underlying after-tax income: $727.1 million, increased 2.3% ($3.95 per diluted share)
• U.S. GAAP net income from continuing operations attributable to MCBC: $565.3 million, increased 28.0% ($3.07 per diluted share)
• Underlying EBITDA (earnings before interest, taxes, depreciation and amortization): $1.47 billion, increased 5.1%
• Underlying Free Cash Flow: $892.0 million, increased 3.2%

DENVER & MONTREAL--(BUSINESS WIRE)--February 13, 2014--Molson Coors Brewing Company (NYSE: TAP; TSX: TPX) today announced a 16 percent increase in its dividend for the first quarter of 2014 and reported 0.2 percent lower underlying after-tax income for the fourth quarter 2013, due to a higher underlying effective tax rate. Underlying fourth quarter pretax income increased 6.5 percent, driven by improved performance in the U.S. and Europe, along with less underlying interest expense versus a year ago. U.S. GAAP net income from continuing operations attributable to MCBC for the fourth quarter increased 118.3 percent due to lower U.S. GAAP income tax expense and higher non-core gains, along with improved financial results in the U.S. and Europe. (See Special and Other Non-Core Items below for details.) Worldwide beer volume increased 0.1 percent. Net sales declined 0.2 percent in the fourth quarter of 2013, driven by unfavorable foreign exchange.

Molson Coors president and chief executive officer Peter Swinburn said, "In the 4th quarter, Molson Coors increased underlying pretax earnings 6.5 percent, expanded pretax margins and generated substantial underlying EBITDA and free cash flow. Underlying after-tax income declined less than one percent due to a higher tax rate in the quarter. For full year 2013, we grew underlying after-tax earnings and EBITDA and exceeded our targets for cost savings, cash generation and debt reduction. The funded status of our pension plans improved by $448 million -- including our portion of MillerCoors -- and we paid down $114 million of cross-currency net liabilities. Regionally, our U.S. business improved results, especially late in the year, Europe performed well in a difficult environment, Canada struggled, and International made significant progress toward its goal of profitability by 2016. Particular challenges included Miller Lite in the U.S. and Coors Light in Canada, along with commercial performance in Serbia. Nonetheless, our focus on building our core brands, growing the above-premium segment of our portfolio, and driving sales revenue from innovation delivered significantly improved results this year. Our overall brand performance was strong, and strategically we are gaining momentum in the areas that will have the most impact on our financial results as markets begin to improve."

Swinburn added, "Our U.S. GAAP after-tax income increased 118 percent in the fourth quarter and 28 percent for the year, primarily due to a lower U.S. GAAP effective tax rate and higher non-core gains, along with improved financial results in the U.S. and Europe. Also, in recognition of the substantial progress we have made in paying down debt, our board has authorized an increase in our quarterly dividend from 32 cents per share to 37 cents per share, beginning in the first quarter of 2014. This 16 percent increase results in an annual dividend amount of $1.48 per share, which represents a payout ratio of 18.4 percent of 2013 underlying EBITDA. Equally important, our company is adopting for the first time a dividend payout ratio target of 18 percent to 22 percent of trailing underlying EBITDA, which we anticipate will keep our dividend in a competitive range for global beer companies for the foreseeable future."

Quarterly Dividend Increased 16%

Molson Coors Brewing Company (NYSE: TAP, TAP.A) today declared an increased regular quarterly dividend of US$0.37 per share, payable March 17, 2014, to Class A and Class B shareholders of record on February 28, 2014. This dividend represents a 16 percent increase from the previous quarterly rate of US$0.32 per share and raises the annual dividend rate to $1.48 per share. In addition, Molson Coors Canada Inc. (TSX: TPX.B, TPX.A), declared a quarterly dividend of the Canadian dollar equivalent of US$0.37 per share using today’s noon spot exchange rate as reported by the Bank of Canada, payable March 17, 2014, to Class A exchangeable and Class B exchangeable shareholders of record on February 28, 2014.

Underlying EBITDA and Free Cash Flow

Underlying earnings before interest, taxes, depreciation and amortization, or underlying EBITDA, reached $313.8 million in the fourth quarter, a 2.4 percent increase from a year ago. Full year underlying EBITDA increased 5.1 percent from a year ago to $1.47 billion this year.

Underlying free cash flow for the year totaled $892.0 million. This represents an increase of $27.3 million over strong cash generation in 2012.

Cost Savings Highlights

In 2013, the company delivered more than $70 million of cost savings excluding MillerCoors, which achieved an additional $102 million of cost savings. Molson Coors benefits from 42% of MillerCoors cost savings, equal to $43 million in 2013.

Foreign Exchange

The Company’s fourth quarter underlying consolidated pretax income includes a net neutral impact from foreign currency movements. Foreign currency was approximately $2 million positive in Europe, $2 million positive in Corporate, and $4 million negative in Canada.

Effective Income Tax Rates

The Company’s fourth quarter effective income tax rate was 9 percent on a reported basis and 23 percent on an underlying basis. On an underlying basis, our effective tax rate was approximately 5 percentage points higher than prior year primarily due to an immaterial out-of-period adjustment to uncertain tax positions related to prior years.

The Company’s full year 2013 effective tax rate was 13 percent on a reported basis and 15 percent on an underlying basis. The Company estimates that its underlying effective tax rate will be in the range of 16 percent to 20 percent for full year 2014, assuming no further changes in tax laws, settlement of tax audits, or adjustments to our uncertain tax positions.

Debt

Total debt at the end of the fourth quarter was $3.80 billion, and cash and cash equivalents totaled $442.3 million, resulting in net debt of $3.36 billion, which is $686.5 million lower than at the end of 2012.

Fourth Quarter Business Segment Results

The following are the Company’s fourth quarter 2013 results by business segment:

United States Business (MillerCoors)⁽³⁾

Molson Coors underlying U.S. segment equity income increased 26.9 percent to $102.7 million in the quarter.

MillerCoors Operating and Financial Highlights

MillerCoors underlying net income for the quarter increased 30.2 percent to $241.9 million, driven by marketing and administrative cost reductions, domestic pricing and brand mix, partially offset by the impact of lower volumes and commodity and brewery inflation.

MillerCoors domestic sales to retailers (STRs) declined 1.9 percent for the quarter. Domestic sales to wholesalers (STWs) decreased 2.2 percent. Total company net revenue per hectoliter increased 2.9 percent. Domestic net revenue per hectoliter, which excludes contract brewing and company-owned-distributor sales, grew 3.1 percent primarily due to favorable net pricing and brand mix. Third-party contract brewing volumes increased 1.1 percent.

Cost of goods sold (COGS) per hectoliter increased 4.1 percent, driven by commodity and brewery inflation, lower volume and higher costs associated with brand innovation. Marketing, general and administrative (MG&A) expense decreased 12.0 percent, driven primarily by media investment phasing and lower pension and employee-benefit-related expenses.

Depreciation and amortization expenses for MillerCoors in the fourth quarter were $80.5 million, and additions to tangible and intangible assets totaled $165.9 million.

Canada Business

Canada underlying pretax income decreased 14.0 percent to $86.9 million in the quarter and decreased 9.0 percent in local currency. Despite the return of National Hockey League play, continued weak consumer demand and promotional challenges drove the decline in Canada pretax income. A decrease in the Canadian dollar versus the U.S. dollar resulted in an approximate $4 million negative foreign exchange impact in the quarter.

STRs increased 2.6 percent in the fourth quarter due to the Company's change to a Gregorian calendar, which added three days to the end of the fourth quarter in 2013. These three days added approximately three percentage points to fourth quarter STRs but did not have a significant impact on pretax profit. On a comparable-calendar basis, the Canadian beer market increased volume approximately one-half percent, and our market share decreased about one-half percentage point versus a year ago. Fourth quarter sales volume for Molson Coors Canada increased 2.4 percent. Net sales per hectoliter increased 1.6 percent in local currency, driven by favorable pricing and export business results.

COGS per hectoliter increased 1.0 percent in local currency, driven by a mix shift toward higher-cost brands and packages, partially offset by cost savings. MG&A expense increased 21.1 percent in local currency, driven by the cycling of last year's NHL lockout and related reductions in marketing, sales and promotion expense in that year.

Europe Business⁽⁴⁾

Europe underlying pretax income increased 11.8 percent to $39.7 million driven by volume growth, positive pricing, lower supply chain costs and an approximate $2 million benefit from favorable foreign currency movements.

Europe sales volume increased 1.5 percent due to improved performance in the U.K., Romania, Hungary and the Czech Republic. This was partially offset by continued overall weak demand in the region, particularly in Serbia and Bulgaria. Europe net sales per hectoliter decreased 1.9 percent in local currency, with negative channel and package mix partially offset by positive pricing.

COGS per hectoliter decreased 3.9 percent in local currency as a result of lower supply chain costs and a mix shift to lower-cost channels and packages.

MG&A expenses increased 4.3 percent in local currency, driven by higher incentive compensation this year, along with year-over-year differences in the timing of marketing and sales.

International Business ⁽⁵⁾

The International segment posted an underlying pretax loss of $5.6 million in the fourth quarter, versus income of $0.3 million a year ago, due to the negative impact of transferring the Carling travel and export business to the Europe segment ("Carling transfer") and of cycling one-time cost reductions last year.

Total International sales volume, including royalty volume, decreased 3.6 percent primarily due to the industry weakness in our Ukraine license market and the negative impact of the Carling transfer. This decline was partially offset by strong growth in Mexico and Latin America. Net sales per hectoliter decreased 4.7 percent, driven by the negative impact of movements in the Japanese Yen and unfavorable geographic mix.

COGS per hectoliter increased 16.6 percent, primarily due to cycling non-recurring cost reductions from last year, the addition of contract brewing volume in India and the Carling transfer. International MG&A expense increased 6.3 percent, driven by marketing investment in the Coors and Blue Moon launches in Australia and the timing of marketing investment in Japan.

Corporate

Underlying Corporate pretax expenses totaled $59.8 million for the fourth quarter. This $4.0 million decrease was driven by lower underlying interest expense due to debt repayment.

Special and Other Non-Core Items

The following special and other non-core items have been excluded from underlying pretax earnings.

During the quarter, Molson Coors special items resulted in a $34.2 million pretax charge, primarily driven by a $13.2 million loss resulting from the termination of our Tradeteam distribution agreements and subsequent sale of our 49.9% interest in Tradeteam to DHL, as well as a $17.9 million impairment charge related to the definite-lived intangible brand assets in Canada associated with the Miller licensing agreement. Additionally, we recognized a $13.6 million charge for employee-related restructuring expenses and special termination benefits for some of our defined-benefit pension plans. These charges were partially offset by a gain of $5.9 million recognized upon finalizing the sale of our interest in our MC Si'hai joint venture in China, as well as a $4.6 million net gain recognized for insurance payments received related to the floods in Europe that occurred in the second quarter of 2013.

During the quarter, MillerCoors reported $4.8 million in special charges related to restructuring and asset write-offs in connection with a Business Transformation project. Our portion of these charges is $2.0 million at our 42 percent economic ownership share.

Other non-core items resulted in a $17.6 million pretax gain, which was primarily due to a $22.3 million gain on sale of non-core assets, partially offset by $2.4 million of integration-related costs and $2.3 million of unrealized losses on our commodity hedges and other foreign currency balances.

2013 Fourth Quarter and Year-End Earnings Conference Call

Molson Coors Brewing Company will conduct an earnings conference call with financial analysts and investors at 11:00 a.m. Eastern Time today to discuss the Company’s 2013 fourth quarter and full year results. The Company will provide a live webcast of the earnings call.

The Company will also host an online, real-time webcast of an Investor Relations Follow-up Session with financial analysts and institutional investors at 2:00 p.m. Eastern Time. Both webcasts will be accessible via the Company’s website, www.molsoncoors.com. Online replays of the webcasts will be available until 11:59 p.m. Eastern Time on May 6, 2014. The Company will post this release and related financial statements on its website today.

Footnotes:

⁽¹⁾ The Company calculates non-GAAP underlying after-tax income, underlying EBITDA and underlying free cash flow by excluding special and other non-core items from the nearest U.S. GAAP performance measure, which is net income from continuing operations attributable to MCBC for both underlying after-tax income and underlying EBITDA and net cash provided by operating activities for underlying free cash flow. For further details regarding these adjustments, please see the section “Special and Other Non-Core Items,” along with tables for reconciliations to the nearest U.S. GAAP measures.

⁽²⁾ Unless otherwise indicated, all $ amounts are in U.S. Dollars and all quarterly and annual comparative results are for the Company’s fiscal fourth quarter and full year ended December 31, 2013, compared to the fiscal fourth quarter and full year ended December 29, 2012. On November 14, 2013, our Board of Directors approved a resolution to change MCBC's fiscal year from a 52/53 week fiscal year to a calendar year. As such, our current fiscal year was extended from December 28, 2013, to December 31, 2013, with subsequent fiscal years beginning on January 1 and ending on December 31 of each year. Beginning January 1, 2014, quarterly results will be for the three month periods ending March 31, June 30, September 30, and December 31. This change aligns our fiscal year and interim reporting periods with our Central Europe business and MillerCoors, which are already following a monthly fiscal reporting calendar. Unless otherwise indicated, fiscal year 2013 refers to the period from December 30, 2012, through December 31, 2013, and fiscal year 2012 refers to the 52 weeks ended December 29, 2012. The impact of the three additional days in fiscal year 2013 is immaterial to the consolidated financial statements. Additionally, all per-hectoliter calculations exclude contract brewing and non-owned factored beverage volume in the denominator but include the financial impact of these sales in the numerator, unless otherwise indicated.

⁽³⁾ MillerCoors, a U.S. joint venture of Molson Coors Brewing Company and SABMiller plc, was launched on July 1, 2008. Molson Coors has a 42 percent economic interest in MillerCoors, which is accounted for using the equity method. Molson Coors’ interest in MillerCoors results, along with certain adjustments under U.S. GAAP, is reflected in “Equity Income in MillerCoors.” This release includes reconciliation from MillerCoors Net Income to Molson Coors Brewing Company Equity Income in MillerCoors and Non-GAAP U.S. Segment Underlying Pretax Income (see Table 8).

⁽⁴⁾ Amounts for the fourth quarter of 2012 include the actual results of operations for the U.K. combined with the actual results of operations for Central Europe. These businesses were combined into the company's Europe segment beginning in 2013.

⁽⁵⁾ Beginning December 30, 2012, with the combination of our U.K. and Central Europe businesses, our Carling travel and export business is reported in our Europe segment. For periods prior to this date, this business was included within the International business.

Overview of Molson Coors

Molson Coors Brewing Company is one of the world’s largest brewers. The Company’s operating segments include Canada, the United States, Europe, and Molson Coors International (MCI). The Company has a diverse portfolio of owned and partner brands, including signature brands Coors Light, Molson Canadian, Staropramen and Carling. Molson Coors is listed as the beverage industry sector leader on the 2013/2014 Dow Jones Sustainability World Index (W1SGITRD), the most recognized global benchmark of sustainability among global corporations. For more information on Molson Coors Brewing Company, visit the company’s web site, www.molsoncoors.com.

About Molson Coors Canada Inc.

Molson Coors Canada Inc. (MCCI) is a subsidiary of Molson Coors Brewing 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 MCBC, as described in MCBC’s annual proxy and 10-K filings with the U.S. Securities and Exchange Commission. The trustee holder of the 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.

Forward-Looking Statements

This press release includes estimates or projections that constitute “forward-looking statements” within the meaning of the U.S. federal securities laws. Generally, the words “believe,” "expect,” "intend,” "anticipate,” “project,” “will,” and similar expressions identify forward-looking statements, which generally are not historic in nature. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company’s historical experience, and present projections and expectations are disclosed in the Company’s filings with the Securities and Exchange Commission (“SEC”). These factors include, among others, impact of competitive pricing and product pressures; health of the beer industry and our brands in our markets; economic conditions in our markets; pension plan costs; availability or increase in the cost of packaging materials; our ability to maintain manufacturer/distribution agreements; our ability to implement our strategic initiatives, including executing and realizing cost savings; our ability to successfully integrate our Central Europe business; changes in legal and regulatory requirements, including the regulation of distribution systems; increase in the cost of commodities used in the business; our ability to maintain brand image, reputation and product quality; our ability to maintain good labor relations; changes in our supply chain system; additional impairment charges; the impact of climate change and the availability and quality of water; risks relating to operations outside North America; success of our joint ventures; lack of full-control over the operations of MillerCoors; and other risks discussed in our filings with the SEC, including our Annual Report on Form 10-K for the year-ended December 31, 2013, which are available from the SEC. 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. We do not undertake to update forward-looking statements, whether as a result of new information, future events or otherwise.

Reconciliations to Nearest U.S. GAAP Measure

Pretax and after-tax underlying income, underlying free cash flow, and underlying EBITDA (earnings before interest, taxes, depreciation and amortization) should be viewed as supplements to, not substitutes for, our results of operations and cash flow presented on the basis of accounting principles generally accepted in the United States. Our management uses underlying income, underlying free cash flow and underlying EBITDA as measures of operating performance to assist in comparing performance from period to period on a consistent basis; as measures for planning and forecasting overall expectations and for evaluating actual results against such expectations; and in communications with the board of directors, stockholders, analysts and investors concerning our financial performance. We believe that underlying income, underlying free cash flow and underlying EBITDA performance are used by and are useful to investors and other users of our financial statements in evaluating our operating and cash performance because they provide them with additional tools to evaluate our performance without regard to special and other non-core items, which can vary substantially from company to company depending upon accounting methods and book value of assets and capital structure.

Worldwide Beer Volume

U.S. GAAP Measures

CONTACT:
Molson Coors Brewing Company
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Colin Wheeler, 303-927-2443
or
Investor Relations
Dave Dunnewald, 303-927-2334