Commencement of share buyback program

Important event: beginning of 15,239 WINE shares buyback program in accordance with AGM Decision dated 26.05.2023

Purcari Wineries Public Company Limited (the „Company”) informs its shareholders regarding the beginnig of shares buyback program, in accordance with AGM Decision dated 26.05.2023, having the following features:

1. The buyback program starts on 09 October 2023;
2. The maximum duration of the redemption program is until 26.05.2024;
3. BT CAPITAL PARTNERS S.A. was selected to provide intermediary services for the buyback program;
4. The buyback of shares will be performed according to current legislation and within limits established by AGM Decision dated 26.05.2023*;
   *AGM Decision dated 26.05.2023 regarding buyback program:
   „Authorisation of the Company’s Board of Directors to acquire existing shares of the Company under a buy-back programme, in a maximum number of 30,844 shares, at prices not exceeding by more than five per cent (5%) the average market price of the shares during the last five stock exchange sessions prior to carrying out the relevant acquisition
   The authorisation for acquisition of own shares is granted for a period of 12 months from the date of the shareholders’ Resolution. The Company may own the shares acquired under the buy-back for a period of up to 2 years from the date of the acquisition under the programme.
   The Company’s Board of Directors has full discretion with respect to the implementation of the buy-back subject to compliance with applicable law and the shareholders’ resolutions, including with respect to: launch date, prices at which the shares will be acquired, suspension or cancellation of the programme, appointment of third parties to carry out the acquisitions on behalf of the Company.
5. According to the Company’s Board of Directors Decision dated 26.05.2023, the Company will perform the redemption of 15,239 own shares, within limits aproved by shareholders at AGM dated 26.05.2023.
6. The Company can buyback a daily volume of shares up to 25% from the average daily volume of shares of the Company, traded on Bucharest Stock Exchange, calculated in accordance with art. 3 of the (EU) Regulation no. 2016/1052, respectively the average daily volume is calculated on the basis of the average daily volume traded during the 20-day trading period preceding the date on which the purchase takes place; the program is not of fixed volume.
7. The execution of the redemption program complies with the derogatory conditions provided for in the market abuse legislation that allow transactions to be carried out during the closed periods of the issuer, according to art. 5 para. (1) from EU Regulation no. 596/2014 and art. 4 paragraph (2) lit. b) from the EU Delegated Regulation no. 2016/1052.
8. The Company will provide a weekly report regarding the execution of this buyback program, according to the legal provisions in force.

Annex