29 March 2023

The Artisanal Spirits Company plc

("The Artisanal Spirits Company", "ASC" or the "Company")

Change of Adviser

The Artisanal Spirits Company (AIM: ART), the owner of The Scotch Malt Whisky Society ("SMWS"), the leading curator and provider of premium single cask Scotch malt whisky and other spirits for sale primarily online to a discerning global membership, is pleased to announce the appointment of Liberum Capital Limited as Nominated Adviser and Sole Broker with immediate effect.

For further information:

The Artisanal Spirits Company plc                                                                                                    via Instinctif Partners

Andrew Dane, CEO

Billy McCarter, Interim Finance Director

Liberum Capital Limited - Nominated Advisor and Broker                                                        + 44 (0) 20 3100 2222

Clayton Bush

Edward Thomas

Miquela Bezuidenhoudt

Instinctif Partners (Financial PR)                                                                                                       +44 (0)20 7457 2020

Justine Warren                                                                                                                     artisanalspirits@instinctif.com

Matthew Smallwood

Joe Quinlan

About The Artisanal Spirits Company  

The Artisanal Spirits Company (ASC) are curators of the world's favourite, single-cask and limited-edition whisky.

Based in Edinburgh, ASC owns The Scotch Malt Whisky Society (SMWS) which was established in 1983 and currently has a growing worldwide membership of just over 37,400 paying members.

SMWS provides members with inspiring experiences, content and exclusive access to a vast and unique range of outstanding single cask Scotch malt whiskies and other craft spirits, sourced from over 100 distilleries in 20 countries and expertly curated with diligence and care.

Since producing the Society's very first cask, we have created around 10,000 different whisky releases, producing a constant flow of unique and exciting one-of-a-kind whiskies.

With proven e-commerce reach and new brands like J.G. Thomson, ASC is building a portfolio of small-batch spirits brands for a global movement of discerning consumers - delivering over £20 million in annual revenues with over 80% of revenue generated online and over 65% from outside the UK, with a growing presence in the key global whisky markets including UK, China, USA and Europe.

ASC has a pioneering business model, a substantial and growing addressable market presenting a long-term global growth opportunity and a strong and resilient business, primed to deliver growth.