• In December 2021, Evino completed the acquisition of Grand Cru (“Company”)

– The private equity firm Aqua Capital was the majority shareholder of Grand Cru since 2014 and concluded the divestment of the asset with the transaction

– The transaction value was not disclosed

• Grand Cru opened its first store in Brazil in 2002 and currently has 110 stores in the country. The Company is the only true omnichannel player in Brazil, operating via 4 business segments: B2B, digital, own stores and franchises

– Grand Cru focuses on premium labels and has a comprehensive and global portfolio

• Founded in 2013, Evino is one of the main e-commerce players in Brazil and has a large subscription club

– With the transaction, Evino will become the third largest wine importer in Brazil

– Both brands will be kept separate as each has loyal and targeted consumers