The Board of Directors of Marie Brizard Wine & Spirits after meeting held on March 2, 2018, has decided to appoint Benoît Hérault, the Group's current Chairman of the Board, to the role of Chief Executive Officer on a temporary basis, after having ended Jean-Noël Reynaud`s tenure. In order to accomplish his assignment, Benoît Hérault will rely on the all of the members of the Executive Committee, and in particular on Stéphane Laugery, the Group`s current General Secretary and Legal Director, appointed on March 2, 2018 to the position of Deputy Chief Executive Officer in charge of the organization of the Group. At the same time, the Board of Directors has engaged a recruitment agency to identify a new Chief Executive Officer for the Group.

Upon the arrival of the new CEO, the Group`s governance will revert to having two separate individuals filling the positions of Chairman of the Board and CEO. It will be the responsibility of the new CEO to define a new strategic plan for the group, which should be communicated within the first few months of his or her tenure.