MONTREAL, QUEBEC, December 1st, 2003 - Unibroue Inc. ("Unibroue") announces that it has obtained approval from the Toronto Stock Exchange in order to renew its normal course issuer bid. Therefore, beginning on December 8, 2003, Unibroue will be authorized to acquire, from time to time, during a twelve-month period and when it deems it appropriate, an additional number of 168,025 subordinate voting shares, representing approximately 10% of the public float of the subordinate voting shares as at December 1, 2003. The subordinate voting shares purchased will be cancelled. There were 1,715,054 subordinate voting shares issued and outstanding as at December 1, 2003 of which 1,680,254 subordinate voting shares were the public float of the subordinate voting shares of Unibroue.

The subordinate voting shares might be purchased at the market price in effect at the time of the acquisition by means of open market transactions through the facilities of the Toronto Stock Exchange. Unibroue's management considers that the acquisition of subordinate voting shares that it may effect from time to time in the course of this issuer bid, represents an advantageous use of the Corporation's funds for its shareholders.

If Unibroue deems it appropriate, purchases may commence on December 8, 2003 until, at the latest, December 7, 2004. As part of its ongoing normal course issuer bid, Unibroue has acquired between December 6, 2002 and July 8, 2003, the maximum number of subordinate voting shares permitted under its issuer bid, namely 153,390 subordinate voting shares, at an average price of $ 2.64.

Unibroue Inc. is a public corporation of which the subordinate voting shares are listed on the Toronto Stock Exchange. Unibroue is the largest craft-brewery in the province of Quebec and one of the 20 most important in North America.

-30-

Information: Sébastien Dion, CA
Chief Financial Officer, Unibroue
Tel: (450) 658-7658