Marie Brizard Wine & Spirits

Amendment of the modalities of intermediate financing of MBWS by COFEPP

                                                                                                                                                   Paris, 14 May 2020

• Amendment of the agreement concluded on 20 December 2019 between MBWS and COFEPP concerning the modalities of intermediate financing of MBWS by COFEPP
   
• Publication of 2019 annual results set for May 27, 2020

Marie Brizard Wine & Spirits (Euronext: MBWS) announces today the conclusion of an amendment to the agreement signed between MBWS and COFEPP on 20 December 2019.

In accordance with the agreement signed on December 20, 2019, to which MBWS France adhered (the "Initial Agreement"), COFEPP has concluded with MBWS and MBWS France a first current account advance of €15 million, completed in the first quarter of 2020, of which (i) €7.6 million was made available to MBWS France on January 20, 2020 in order to strengthen its cash position until mid-March 2020 (see press release dated January 17, 2020) and (ii) €7.428 million made available to MBWS on 5 February 2020 to finance the acquisition by a French subsidiary of MBWS of 68% of the capital of the Lithuanian company Vilnius Degtine from MBWS Polska, enabling the latter to meet its cash requirements at short notice ("Advance No. 1").

As a reminder, the agreement signed with COFEPP on December 20, 2019 also provided for a second current account advance of €17 million (remunerated at the annual capitalized rate of EURIBOR 3 months with a floor at zero + 425 bps), which was to be made available to MBWS during the first quarter of 2020 (the "Advance No. 2"), subject in particular to (i) the agreement in principle of the public creditors on a moratorium on part of the Group's tax and social security debts, (ii) the amendment of a Scotch Whisky bulk supply contract concluded with an MBWS supplier and (iii) the stability of the estimated cash requirements for 2020.