Brown-Forman Declares Special $4.00/Share Cash Dividend

Brown-Forman Corporation's

Board of Directors has declared a special cash dividend of $4.00 per share on its Class A and Class B Common Stock that will be paid on December 27, 2012 to stockholders of record on December 12, 2012. This special cash dividend is in addition to the 9.3% increase in the company's regular cash dividend announced by the company on November 15, 2012. Brown-Forman Chief Executive Officer Paul Varga said, “We believe this special dividend is the best utilization of the company's strong balance sheet at this time. Along with our recently announced increase in the regular dividend, this return of cash to shareholders reinforces our belief in the health of our business and our commitment