CONSTELLATION PLANS TO RELEASE 230 VINCOR WORKERS.

As a part of the Vincor/Constellation integration process, 230 Vincor employees – which constitute 10% of the company’s 2,358 workers - will lose their jobs. The most losses will “primarily” take place at Vincor’s operations in the U.S., U.K. and Canada, where Constellation’s presence is “significantly larger” than Vincor’s.

“We wish we could retain everyone, but that is not possible because a small percentage of positions are duplicative. We provide appropriate transition support for anyone impacted by these changes,” said Rob Sands, president and COO of Constellation.

According to Constellation, 14 jobs will be eliminated from Vincor’s operations in Canada, where approximately four-fifths of the company’s workers are based. Vincor’s domestic business will be renamed Vincor Canada and become Constellation’s fifth “core market” along with the U.S., U.K., Australia and New Zealand.

Constellation predicts that the integration process will be over by the end of fiscal 2007, adding that it expects to ramp up about $39 million pretax in integration and restructuring costs. Also, Constellation will incur one-time cash costs of about $50 million due to severance packages.

The company predicts full-year sales growth for 2007 to reach the mid teens.