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<PAGE> 1
Exhibit 12(a)
The Seagram Company Ltd. and Subsidiary Companies
Computation of Ratio of Earnings to Fixed Charges
(U.S. dollars in millions)
<TABLE>
<CAPTION>
Quarter Fiscal Year
Ended September 30, Ended June 30,
------------------- --------------
2000 1999 2000 1999
---- ---- ---- ----
<S> <C> <C> <C> <C>
Income (loss) from continuing operations,
before tax $ 12 $ 9 $ 190 $ (579)
Add (deduct):
Dividends from equity companies 6 13 74 92
Fixed charges 193 207 804 656
Interest capitalized, net of amortization -- -- -- --
------ ------ ------ ------
Earnings available for fixed charges $ 211 $ 229 $1,068 $ 169
====== ====== ====== ======
Fixed charges:
Interest expense $ 178 $ 191 $ 745 $ 592
Portion of rent expense deemed to
represent interest factor 15 16 59 64
------ ------ ------ ------
Fixed charges $ 193 $ 207 $ 804 $ 656
====== ====== ====== ======
Ratio of earnings to fixed charges 1.09 1.11 1.33 (a)
====== ====== ====== ======
</TABLE>
(a) Fixed charges exceeded by $487 million for the year ended June 30, 1999.
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