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Thursday, October 23, 2008

Diageo Applauds Nebraska Liquor Control Commission's Decision to Follow Federal Alcohol Regulations

LINCOLN, Neb., Oct 23, 2008 /PRNewswire-FirstCall via COMTEX/ -- Commission Upholds Compliance with Federal Standards for Classifying Beer

Diageo, the world's leading spirits, wine and beer company applauds the Nebraska Liquor Control Commission (NLCC) for adopting a rule that codifies Nebraska's longstanding practice of following federal standards when it comes to classifying beer.

After a public comment period that began on July 31, 2008, the Commission upheld Nebraska's logical classification of flavored malt beverages as beer. Flavored malt beverages, which are malt based and contain the same alcohol as traditional beer, are regulated and taxed as beer in 47 other states across the country. The U.S. Treasury's Alcohol and Tobacco Tax and Trade Bureau ("TTB"), the federal agency responsible for regulating alcohol, decided to affirm the longstanding classification of flavored malt beverages as beer in 2005, after an extensive investigation and comment period.
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