Vintage Wine Estates’ California Estate Wineries and Vineyards All certified sustainable by the California Sustainable Winegrowing Alliance

Vintage Wine Estates, Inc.

Vintage Wine Estates, Inc.

SANTA ROSA, Calif., Nov. 01, 2022 (GLOBE NEWSWIRE) — Vintage Wine Estates (Nasdaq: VWE and VWEWW) is proud to announce that all of its California wineries and vineyards have been certified as sustainable through the California Sustainable Winegrowing Alliance. (CSWA). These certifications are a direct reflection of Vintage Wine Estates’ ongoing commitment to caring for the environment through sustainable practices, including water and energy efficiency, waste management, supply chain oversight, healthy soil and low risk, cultural pest control.

“Certifying our wineries and vineyards was one of our main goals for 2022 and in line with our sustainability strategy, which focuses on people, climate, water, packaging and waste,” says Vintage Wine Estates President Terry Wheatley. “This certification promises continuous improvement both in the vineyard and in the winery. Our sustainability and production teams and our vineyard management partner have invested significant time and energy to achieve certification across our California properties, and we expect this investment to demonstrate long-term value for all of our shareholders.”

Founded nearly two decades ago to promote sustainable winemaking practices, CSWA boasts the largest wine certification program in the United States. Certified California Sustainable Wine (CCSW) recipients must meet certain requirements including energy efficiency, water efficiency, sustainable business strategy, waste management, worker health and well-being, and sustainable pest control. Independent third party audits are key to ensuring accountability to buyers, consumers and the wider wine industry.

Clos Pegase and Girard received both Winery and Vineyards certification, while Laetitia Vineyards, already SIP (Sustainability in Practice) certified, received additional winery certification. Kunde was one of the first wineries certified through the Alliance program in 2010, and all Sonoma vineyards are similarly CCSW certified. CCSW certifications also include real estate brands Viansa, BR Cohn, Delectus and Cosentino.

About Vintage Wine Estates:

Vintage Wine Estates (Nasdaq: VWE and VWEWW) is a family of wineries and wines with a unique focus on producing the highest quality wines and incredible customer experiences with wineries throughout Napa, Sonoma, California’s Central Coast, Oregon and Washington State. Since its founding 20 years ago, the company has grown to become the 14th largest wine producer in the US, with more than two million nine-liter cases annually. To continuously support growth, the Company manages, creates, manages and markets its many brands and services to customers and end consumers through a balanced multi-channel strategy including direct-to-consumer, wholesale and exclusive brand arrangements with national retailers. While VWE is diverse across price points and varietals with more than 60 brands ranging from $10 to $150 retail, its primary focus is on the fastest-growing luxury segment of the wine industry, with most brands selling for more than $15 a bottle. The company regularly posts updates and other information on https://www.vintagewineestates.com/.

Forward-looking statements
Certain statements contained in this press release are “forward-looking statements” within the meaning of applicable US and Canadian securities laws. Forward-looking statements are all statements other than historical statements and generally can be identified by the use of words such as “expects,” “is in progress,” “promises,” “could” or other similar expressions that indicate future events or trends. These forward-looking statements include, but are not limited to, the Company’s ability to execute its strategy to drive growth, enhance profitability and deliver value. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond VWE’s control. Actual events and circumstances may differ materially from those expressed or implied in such forward-looking statements. Risks that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include our ability to obtain and maintain CCSW certifications at our wineries and vineyards and those described in the Company’s Annual Report on Form 10- K for the year ended June 30, 2022 and other reports filed with the SEC from time to time. We caution and advise readers not to place undue reliance on forward-looking statements that speak only as of the date hereof. The Company undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except as required by law.

Contacts:

Investors
Deborah K. Pawlowski, Kei Advisors LLC
[email protected]
Phone: 716.843.3908

Media
Mary Ann Vangrin
[email protected]

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