BROWN FORMAN CORP
EX-10.2 PRESS RELEASE DATED DECEMBER 21, 2006
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>g04812exv10w2.htm
<DESCRIPTION>EX-10.2 PRESS RELEASE DATED DECEMBER 21, 2006
<TEXT>
<HTML>
<HEAD>
<TITLE>Ex-10.2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;10.2</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="g04812g0481201.gif" alt="(BROWN-FORMAN LOGO)">
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>FOR IMMEDIATE RELEASE</B>
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 12pt"><B>BROWN-FORMAN AND ROMO FAMILY SET CLOSING DATE FOR CASA HERRADURA TRANSACTION</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Louisville, KY, December&nbsp;21, 2006 &#151; </B>Brown-Forman Corporation and Pablo Romo de la Pe&#241;a
and Jose Guillermo Romo de la Pe&#241;a, owners of Grupo Industrial Herradura, S.A. de C.V. (Casa
Herradura), have agreed that the closing date for Brown-Forman&#146;s acquisition of the Mexican
tequila company will be January&nbsp;11, 2007. Originally it was anticipated the closing would
occur by the end of December, but due to the high quantity of work and the seasonal holidays,
the parties agreed to set the closing date for January&nbsp;11. Other terms of the transaction
remain the same.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brown-Forman announced on August&nbsp;28 that it had reached agreement with Pablo Romo de la
Pe&#241;a and Jose Guillermo Romo de la Pe&#241;a, owners of Grupo Industrial Herradura, S.A. de C.V.
(Casa Herradura), to purchase substantially all of their 136-year-old company&#146;s related assets
for $876&nbsp;million dollars.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brown-Forman Corporation is a diversified producer and marketer of fine quality consumer
products, including Jack Daniel&#146;s, Southern Comfort, Finlandia Vodka, Canadian Mist, Fetzer and
Bolla Wines, Korbel California Champagnes, and Hartmann Luggage.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"># # #
</DIV>
</div>
<DIV align="center" style="font-size: 6pt; margin-top: 18pt"><FONT face="Helvetica,Arial,sans-serif"><BR>
BROWN-FORMAN CORPORATION 850 DIXIE HIGHWAY, LOUISVILLE, KY 40210
E-MAIL: <u>BROWN-FORMAN@B-F.COM</u> WWW.BROWN-FORMAN.COM</font>


<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
