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Brown-Forman Declares Quarterly Cash Dividend (January 2005)

Louisville, KY, January 27, 2005 — A regular quarterly cash dividend of 24.50 cents per share on Class A and Class B Common Stock was voted by the Board of Directors of Brown-Forman Corporation.

Stockholders of record on March 10, 2005 will receive the cash dividend on April 1, 2005.

Brown-Forman has paid regular quarterly cash dividends for 59 consecutive years.