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      <InCareOfName>% MICHAEL BEST &amp; FRIEDRICH LLP</InCareOfName>
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        <State>TX</State>
        <ZIPCode>78216</ZIPCode>
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      <Name>John R Bruce CPA</Name>
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      <GeneralExplanation>
        <Identifier>Significant Changes</Identifier>
        <ReturnReference>Form 990, Part III, Question 3</ReturnReference>
        <Explanation>The Board of Trustees of the Plan voted on May 31, 2012, to terminate the Plan. On June 26, 2012, all the remaining Plan assets as of the termination date were distributed to the paying agent to disburse to eligible participants and their beneficiaries as defined by the Board of Trustees Resolution dated May 31, 2012. All Disbursements have cleared the account of the paying agent as of August 31, 2012.</Explanation>
      </GeneralExplanation>
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        <ReturnReference>Form 990, Part VI, Question 4</ReturnReference>
        <Explanation>The Board of Trustees signed a Unanimous Conset Resolution to terminate the Pabst Retiree Health and Welfare Trust as of May 31, 2012.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>TRUSTEES OF THE PLAN RELATED THROUGH BUSINESS RELATIONSHIPS</Identifier>
        <ReturnReference>FORM 990, PART VI, QUESTION 2</ReturnReference>
        <Explanation>JIM VIECELI AND BRENT ZACHARY ARE ALL EMPLOYEES OF PABST BREWING COMPANY. AS SUCH, THEY HAVE A BUSINESS RELATIONSHIP TO OPERATE THE ORGANIZATION DURING THE TIMES OF THEIR RESPECTIVE EMPLOYMENT PERIODS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>DOCUMENTS AVAILABLE TO PUBLIC</Identifier>
        <ReturnReference>FORM 990, PART VI, QUESTION 19</ReturnReference>
        <Explanation>PABST RETIREE HEALTH AND WELFARE TRUST DO NOT MAKE THEIR GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC SINCE THEY ARE NOT REQUIRED TO DO SO. HOWEVER, THEIR 990 IS POSTED TO GUIDESTAR.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>990 REVIEW PROCESS</Identifier>
        <ReturnReference>FORM 990, PART VI, QUESTION 11A</ReturnReference>
        <Explanation>THE FORM 990 IS REVIEWED BY THE ADMINISTRATOR, PABST AND ITS LEGAL COUNSEL.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>AVERAGE HOURS WORKD FOR RELATED ORGANIZATIONS</Identifier>
        <ReturnReference>FORM 990, PART VII, SECTION A, QUESTION 1A</ReturnReference>
        <Explanation>AVG HOURS WORKED FOR RELATED ORG JIM VIECELI 50 BRENT ZACHARY 50</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR">
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>PABST BREWING COMPANY INC</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>121 INTERPARK BLVD STE 300</AddressLine1>
          <City>SAN ANTONIO</City>
          <State>TX</State>
          <ZIPCode>78216</ZIPCode>
        </AddressUS>
        <EIN>390983896</EIN>
        <PrimaryActivity>brewery</PrimaryActivity>
        <LegalDomicileState>IL</LegalDomicileState>
        <TypeOfEntity>C-CORPORATION</TypeOfEntity>
      </Form990ScheduleRPartIV>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>false</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>false</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
    </IRS990ScheduleR>
  </ReturnData>
</Return>