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Brown-Forman First Quarter Earnings Release and Conference Call Set for August 31

Louisville, KY, August 24, 2006 — Brown-Forman Corporation will release its financial results for the first quarter of fiscal 2007 on August 31 before 7:30 a.m. (EDT). The company will host a conference call to discuss first quarter results at 9:30 a.m. (EDT) that same morning. Please note the new time for the conference call is 9:30 a.m., not 10:00 a.m.

All interested parties in the U.S. are invited to join the conference by dialing 888-624-9285 and asking for the Brown-Forman call. International callers should dial 706-679-3410 and ask for the Brown-Forman call. No password is required. The company suggests that the participants dial in approximately ten minutes in advance of the 9:30 a.m. start of the conference call.

A live audio broadcast of the conference call will also be available via Brown-Forman’s Internet Web site, www.brown-forman.com, and then click on the link to “Investor Information.”

For those unable to participate in the live call, a digital replay will be available by calling 800-642-1687 (U.S.) or 706-645-9291 (international). The identification code is 3602847. A digital audio recording of the conference call will also be available on the web page approximately one hour after the conclusion of the conference call. The replays will be available for at least 30 days.

Brown-Forman Corporation is a diversified producer and marketer of fine quality consumer products, including Jack Daniel’s, Canadian Mist, Southern Comfort, Finlandia Vodkas, Fetzer and Bolla wines, Korbel California Champagnes, and Hartmann Luggage.