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Brown-Forman Purchases Class A Common Stock

Louisville, KY, August 5, 2004 — Brown-Forman Corporation announced today that it has acquired 59,033 shares of Class A Common Stock from an estate. The purchase price of the shares was $47.16 per share, the closing price of the stock on August 4, 2004.

Brown-Forman Corporation is a diversified producer and marketer of fine quality consumer products, including Jack Daniel’s, Canadian Mist, Southern Comfort, Finlandia Vodka, Fetzer and Bolla Wines, Korbel California Champagnes, Lenox, Dansk, and Gorham tableware and giftware, and Hartmann Luggage.