Craft Brewers Alliance Announces 2008 Earnings Conference Call.

PORTLAND, Ore. -- Craft Brewers Alliance, Inc. (formerly Redhook Ale Brewery, Incorporated) (Nasdaq:HOOK) has scheduled a question and answer conference call for Tuesday, March 31, 2009 at 8:30 a.m. PDT (11:30 a.m. EDT). The purpose of the conference call is to answer questions related to the Company's results for the year ended December 31, 2008, which will be summarized in its annual report on Form 10-K to be filed with the Securities and Exchange Commission on March 26, 2009.

The conference call will be available either through webcast or dial-in. The webcast can be accessed through the Company's website, http://www.craftbrewers.com/ (select Investors - Event Calendar). Individual investors can also listen to the call through the Thomson StreetEvents individual investor center at http://www.earnings.com or other Internet portals such as Yahoo! and Google. The conference call can also be accessed by telephone at (866) 8046920 or [phone] (passcode 61228997).

For those who cannot listen to the live broadcast, a replay of the call will be available both on the Internet and by telephone at [phone] or [phone] (passcode 16997642).

The SEC filings for Craft Brewers Alliance can be accessed at the Company's website, http://www.craftbrewers.com/ (select Investors - SEC Filings). To automatically receive email alerts, register at http://www.craftbrewers.com/ (select Investors - Email Alerts).

About Craft Brewers Alliance - Craft Brewers Alliance, Inc. operates the Widmer Brothers brewery in Portland, Ore., and Redhook breweries in Woodinville, Wash., and Portsmouth, N.H. The Company distributes its award-winning products and those of Kona Brewing Company throughout the United States through a network of wholesale distributors and a distribution alliance with Anheuser-Busch, Incorporated. Redhook, at the forefront of the domestic craft brewing segment since its formation in 1981, is widely recognized for brewing excellence at domestic and international brewing competitions. Widmer Brothers Brewing Company was founded by brothers Kurt and Rob Widmer in 1984. Prior to the July 2008 merger with the Company, the Portland, Ore. brewery was ranked the 11th largest brewery in the U.S., largely due to the popularity of its award-winning flagship beer, Widmer Hefeweizen, an unfiltered wheat beer typically served with a lemon. For more information, visit www.craftbrewers.com.