2023 Harvest Update and FY23 Earnings Guidance

28 June 2023 2023 Harvest Update and FY23 Earnings Guidance Marlborough Wine Estates Group Limited (NZX.MWE) is pleased to advise the market with the following update: - The company has completed the 2023 vintage with volumes up 1.7% on the 2022 vintage and in-line with pre-vintage expectations for the 2023 vintage. As a result Marlborough Wine Estates is projecting a net profit after tax between $0.2m to $0.3m (FY22: $0.32m). - MWE CEO, Andrew Stafford, commented "Vintage 2023 has produced very high quality grapes which is a direct result of the hard work and attention to detail of our viticultural and winemaking teams" ENDS Authority for this announcement Name of senior manager or director authorised to make this announcement: Andrew Stafford Contact phone number: 09 215 6650 Contact email address: andrew@otuwines.com Date of release: 28th June 2023 End CA:00413810 For:MWE Type:GENERAL Time:2023-06-28 11:11:13