Majestic Wine : Issue of Equity

For Immediate Release 25 April 2018

Majestic Wine PLC

('Majestic')

Issue of Equity

The Board of Majestic Wine PLC are pleased to announce that Naked Wines has met in full the second year of the acquisition earn-out relating to Return on Investment performance conditions.

As a result, application has been made for 498,071 new ordinary shares of 7.5p each in the Company ('Ordinary Shares') to be admitted to trading on AIM. It is expected admission will take place on 26 April 2018.

The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares. Following allotment of the new Ordinary Shares, the total issued share capital of the Company will consist of 71,997,157 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of voting rights in the Company is 71,997,157.

The above figure 71,997,157 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Majestic Wine PLC under the FCA's Disclosure and Transparency Rules.

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