DESCRIPTION OF THE SHARE BUYBACK PROGRAM APPROVED BY THE ANNUAL GENERAL MEETING OF SHAREHOLDERS OF JUNE 30, 2022

Charenton-le-Pont, 1^is Sep 2022

In accordance with the provisions of Articles 241-2 et seq. of the General Regulations of the Autorité des Marchés Financiers and European Regulation No. 596/2014 of April 16, 2014, this description is intended to describe the purposes and methods of the own share buyback program carried out by Marie Brizard Wine & Spirits under the authorization dated 11^th Resolution of the combined general meeting of their shareholders on June 30, 2022.

Breakdown by objective of the stock values ??held by the company

As of July 31, 2022, the Company held 133,897 treasury shares out of 111,955,957 shares constituting the Company’s registered capital, i.e. a total of 0.12%, each allocated for the execution of the stock option plan shares and the allocation of bonus shares for 40,166 shares and for the remainder, ie 93,731 shares, the liquidity contract.

Objectives of the share buyback program

The buyback program is intended to enable the following transactions to be carried out:

1. Promote the liquidity of transactions and the regularity of listings of the Company’s securities under a liquidity agreement entered into with an investment services provider operating in accordance with market practices recognized by the Autorité des Marchés Financiers (MFA),
2. keep the purchased shares and later return them for exchange or payment within the framework of any external growth operations, within the limits established by the regulations in force,
3. provide coverage for…