10 February 2025

Gusbourne Plc

("Gusbourne" or the "Company")

Notice of Requisition of General Meeting

End of Offer Period

Gusbourne Plc (AIM: GUS), the premium English sparkling wine producer, announces that on 7 February 2025 it received a letter from Belize Finance Limited on behalf of the Company's majority shareholder, Lord Ashcroft, holding an interest in 40,628,009 ordinary shares, representing 66.8% of the issued share capital in the Company ("Letter").

The Letter requests that the Company convene a General Meeting of the Company's shareholders pursuant to section 303 of the Companies Act 2006 (the "Act") and consider a resolution to delist the Company from the AIM market.

The Board of Directors intends to comply with its obligations in accordance with section 304 of the Act which requires it to call a General Meeting within 21 days of receipt of a valid requisition and to hold such a General Meeting on a date no more than 28 days after the date of the notice convening such General Meeting.

Shareholders are advised to take no action at this time. Further announcements will be made in due course.

Offer Period Update

Following receipt of the Letter, and as agreed by Lord Ashcroft, the Board of Directors has concluded its review of strategic options for Lord Ashcroft's shareholding announced on 22 July 2024.

The Company has terminated discussions with other parties in relation to a transaction and is no longer in receipt of any approaches. Consequently, as the review of strategic options has now concluded, the Company is no longer in an "offer period" as defined by the City Code on Takeovers and Mergers (the "Takeover Code") and the disclosure requirements pursuant to Rule 8 of the Takeover Code are no longer applicable from the time of this announcement.

For further information contact:

This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement, this information is now considered to be in the public domain. The person responsible for arranging for the release of this announcement on behalf of the Company is Katharine Berry, Chief Financial Officer.

Note: This and other press releases are available at the Company's website: www.gusbourne.com/investors

Note to Editors

Gusbourne produces and distributes a range of high quality and award winning vintage English sparkling wines from grapes grown in its own vineyards in Kent and West Sussex.

The Gusbourne business was founded by Andrew Weeber in 2004 with the first vineyard plantings at Appledore in Kent. The first wines were released in 2010 to critical acclaim. Following additional vineyard plantings in 2013 and 2015 in both Kent and West Sussex, Gusbourne now has 93 hectares of mature vineyards. The Nest visitor centre was opened next to the winery in Appledore in 2017, providing tours, tastings and a direct outlet for our wines.

Right from the beginning, Gusbourne's intention has always been to produce the finest English sparkling wines. Starting with carefully chosen sites, we use best practice in establishing and maintaining the vineyards and conduct green harvests to ensure we achieve the highest quality grapes for each vintage. A quest for excellence is at the heart of everything we do. We blind taste hundreds of samples before finalising our blends and even after the wines are bottled, they spend extended time on their lees to add depth and flavour. Once disgorged, extra cork ageing further enhances complexity. Our winemaking process remains traditional, but one that is open to innovation where appropriate. It takes four years to bring a vineyard into full production and a further four years to transform those grapes into Gusbourne's premium sparkling wine.

Gusbourne's luxury brand enjoys premium price positioning and is distributed in the finest establishments both in the UK and abroad. Our wines can be found in leading luxury retailers, restaurants, hotels and stockists, always being aware that where we are says a lot about who we are.

For more information, visit www.gusbourneplc.com