Marie Brizard Wine & Spirits

FINANCIAL INFORMATION

                                                                                                                                         Paris, 16 July 2020

Financial information

• Signature of an agreement subject to conditions precedent with United Beverages S.A. for the sale of the Group’s activities in Poland 
  The closing of the transaction should take place within 2 to 4 months
   
• Agreement in principle on the modification of a contract for the bulk supply of Scotch Whisky concluded with a supplier of MBWS, allowing the balance of Advance 2 to be made available by COFEPP in the near future, subject to contractual formalization and the lifting of other conditions precedent.

       Commitment by COFEPP to make available an additional intermediate tranche for a maximum
       amount of €5.5 million depending on the Group's immediate needs.

• Annual General Meeting to be held in private on 31 July 2020
  The AGM to decide on the approval of the 2019 financial statements

Marie Brizard Wine & Spirits (Euronext: MBWS) announces today major progress in the implementation of its strategic plan and on the financing agreements agreed with its majority shareholder COFEPP.

AGREEMENT WITH UNITED BEVERAGES S.A., SUBJECT TO CONDITIONS PRECEDENT, FOR THE SALE OF MBWS ACTIVITIES IN POLAND

MBWS announces the signing of an agreement with the United Beverages Group, subject to conditions precedent, in relation to the 100 percent sale of MBWS Polska's shares and part of Polmos Lancut's outstanding shares. The formal closing of the agreement is anticipated to take place within the next 2 to 4 months. It is reminded that the contribution of the Poland business is negative in the Group's results, generating in 2019 an EBITDA of €-9.3 million and has substantially hampered the Group's return to profitability in recent years.