EX-99.1 3 exhibit.txt EXHIBIT 99.1 PRESS RELEASE [BROWN-FORMAN LOGO] NEWS For Further Information: Phil Lynch Lawson Whiting Vice President Assistant Vice President Director Corporate Director Investor Communications Relations And Public Relations 502-774-7074 FOR IMMEDIATE RELEASE BROWN-FORMAN CORPORATION EXTENDS EXPIRATION DATE FOR SENIOR NOTES EXCHANGE OFFER Louisville, KY, June 6, 2003 - Brown-Forman Corporation (NYSE: BFA, BFB) announced today that it is extending until 5:00 p.m. (ET), on June 10, 2003, the expiration date of its offer to exchange $250 million of its 2-1/8% senior notes due 2006 and $350 million of its 3% senior notes due 2008. The exchange offer is being conducted to provide the existing note holders with the opportunity to exchange their current notes, which were issued pursuant to a private placement exempt from registration with the Securities and Exchange Commission, with notes that have been registered under the Securities Act of 1933. The current expiration date of the exchange offer was June 5, 2003. As of 5:00 p.m. (ET) on that date, the exchange agent for the offer advised Brown-Forman Corporation that $249 million, or 99.60%, of the outstanding 2-1/8% senior notes due 2006, and $350 million, or 100%, of the outstanding 3% senior notes due 2008, had been validly tendered. Only $1 million of the outstanding 2-1/8% senior notes due 2006 have not been tendered for exchange. The terms and conditions of the exchange offer are set forth in an April 30, 2003 prospectus and its accompanying letter of transmittal. Except for the extension of the period of the offer, all terms of the exchange offer remain unchanged Anyone who would like to obtain copies of the prospectus and related documents, or with questions regarding the exchange offer, should contact Brown-Forman Corporation's exchange agent, National City Bank, at (502) 581-7354. BROWN-FORMAN CORPORATION 850 DIXIE HIGHWAY, LOUISVILLE, KY 40210 E-MAIL: BROWN-FORMAN@B-F.COM WWW>BROWN-FORMAN.COM -------------------- Brown-Forman Corporation is a diversified producer and marketer of fine quality consumer products, including Jack Daniel's, Southern Comfort, Finlandia Vodka, Canadian Mist, Fetzer and Bolla Wines, Korbel California Champagnes, Lenox, Dansk, and Gorham tableware and giftware and Hartmann Luggage. # # # BROWN-FORMAN CORPORATION 850 DIXIE HIGHWAY, LOUISVILLE, KY 40210 E-MAIL: BROWN-FORMAN@B-F.COM WWW>BROWN-FORMAN.COM --------------------