DISPUTE BETWEEN KDA AND SAZERAC COMPANY SETTLED

Frankfort, KY (November 17, 2011) – The Kentucky Distillers’ Association and Sazerac Company, Inc., today announced that the groups have reached a settlement over disputed trademark issues.

The announcement brings an end to litigation filed in U.S. District Court in May 2010 by the KDA against Sazerac, a Louisiana-based company that owns the Buffalo Trace Distillery in Frankfort, the Barton 1792 Distillery in Bardstown and Glenmore Distillery in Owensboro. In response to KDA’s lawsuit, Sazerac countersued the KDA. The counterclaims against KDA have also been resolved as a result of today’s settlement.

Sazerac Company resigned from the KDA, a non-profit trade association based in Frankfort, in December 2009. Members of the KDA include Beam Global Spirits & Wine (Jim Beam and Maker’s Mark), Brown-Forman, Diageo North America, Four Roses, Heaven Hill and Wild Turkey.

“We’re pleased that an amicable resolution has been reached in this important matter,” said KDA President Eric Gregory. “The KDA and its members look forward to continue building the Kentucky Bourbon Trail® experience and promoting our signature industry’s rich history to visitors from around the world.”

“Sazerac’s three Kentucky distilleries, Buffalo Trace Distillery, Barton 1792 Distillery and The Glenmore Distillery look forward to continue developing their distillery tours along the bourbon trail,” said Marketing Service Director, Meredith Moody.

Terms of the settlement are confidential and will not be released to the public, the parties agreed.

For more information about the KDA please visit www.kybourbon.com  or www.kybourbontrail.com .

For more information about the Buffalo Trace Distillery, please visit www.buffalotrace.com .

For more information about the Barton 1792 Distillery, please visit www.1792bourbon.com .