Oeneo — M&A Activity 2019

Dec 10, 2019

December 10, 2019

INFORMATION PERTAINING TO THE FILING OF A DRAFT SIMPLIFIED TENDER OFFER FOR OENEO SHARES BY CASPAR

Oeneo has confirmed that a draft simplified tender offer has been filed for all of its shares at a price of €13.50 per share by French company, Caspar.

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Andromède SAS, which is controlled by the Hériard Dubreuil family, indirectly holds 96,3% of the share capital and voting rights of Caspar, which currently holds 63.1% of Oeneo's share capital and voting rights.

Caspar's draft offer document, which was filed today with the French Financial Markets Authority (Autorité des marchés financiers), is now available on a dedicated website at www.opas-oeneo.com . The indicative Offer timetable currently anticipates that the Offer would be open on January 23rd, 2020.

Oeneo shareholders are also informed that an ad hoc committee made up of independent members of the company's Board of Directors was appointed and tasked with finding, recommending and overseeing the work of an independent expert, and with preparing the Board of Directors' reasoned opinion on the terms of the Offer.

Having reviewed and pre-selected the proposals of various experts, the committee of independent directors recommended Eight Advisory, represented by Geoffroy Bizard, which the Board of Directors subsequently appointed to draw up a report on the financial terms of the Offer, in accordance with Articles 261-1 I and 261-1 II.

Oeneo's Board of Directors will meet to examine the benefits of the Offer and its consequences for Oeneo, its shareholders and its employees, in light of the findings in the independent expert's report. In accordance with the General Regulations of the AMF, the reasoned opinion of Oeneo's Board of Directors shall feature in the response document, the draft version of which must be filed with the AMF by January 7, 2020.

OENEO SA 16, Quai Louis XVIII 33000 Bordeaux Tel. +33 (0)5 45 82 62 22 French joint stock company (société anonyme) with a share capital of €65,052,474 – APE code: 6420Z – SIRET no.: 322 828 260 00073 – Registered in Bordeaux (R.C.S. no. B 322 828 260)

www.oeneo.com

About Oeneo Group

Oeneo Group is a major wine industry player with high-end and innovative brands. Present around the world, the Group covers each stage in the winemaking process through two core and complementary divisions:

• Closures, involving the manufacture and sale of cork closures, including high value-added technological closures through its Diam and Pietec ranges.
• Winemaking, providing high-end solutions in winemaking and spirits for leading market players through its cooperage brands Seguin Moreau, Boisé, Millet, Fine Northern Oak and Galileo, and developing innovative solutions for the wine industry with Vivelys (R&D, consulting, systems).

Oeneo prides itself in offering solutions in the production, maturing, preservation and enhancement of wines or spirits that faithfully convey all of the emotion and passion of each winegrower and improve their performance.

WE CARE ABOUT YOUR WINE

INFORMATION AND PRESS RELATIONS

OENEO ACTUS FINANCE

Philippe Doray Chief Administrative and Financial Officer +33 (0)5 45 82 99 93

Guillaume Le Floch Analysts – Investors +33 (0)1 53 67 36 70

Alexandra Prisa Press – Media +33 (0)1 53 67 36 90

OENEO SA 16, Quai Louis XVIII 33000 Bordeaux Tel. +33 (0)5 45 82 62 22

French joint stock company (société anonyme) with a share capital of €65,052,474 – APE code: 6420Z – SIRET no.: 322 828 260 00073 –

Registered in Bordeaux (R.C.S. no. B 322 828 260)

www.oeneo.com