Naked Wine Regulatory News (WINE)

For Immediate Release 6 August 2015

Majestic Wine Plc ("Majestic")

Directorate change

Majestic Wine plc (Majestic Wine), the UK's largest wine specialist which also trades in the USA, Australia and France, announces that Nigel Alldritt, Group Chief Financial Officer and Company Secretary, will step down from the Board at today's AGM and will leave the business on 5 November 2015. He will be replaced by James Crawford, currently Finance Director of Naked Wines International Ltd (Naked Wines), the customer funded online international wine specialist recently acquired by Majestic Wine, effective from tomorrow, 7 August 2015.

Nigel joined Majestic Wine in 2002 as Finance Director and has served on the Board for the past 13 years with responsibility for finance, IT and logistics. Nigel will remain with the business for a further three months to ensure a full and orderly hand over to James.

James joined Naked Wines as Finance Director in March 2014 following a 13 year career with Diageo PLC, a global leader in beers, spirits and wine, where he held several senior finance, strategy and business development roles in the UK and North America.

Commenting on the changes Phil Wrigley, Majestic's Chairman said:

"Following our acquisition of Naked Wines the enlarged Majestic business has entered a new and exciting growth phase as we capitalise on our complimentary skills in stores and online. The next three years will be a period of rapid development as we transform the enlarged business into a multi-channel, international wine specialist. We have started to execute our plans at pace and the Board has decided that now is the right time to establish the leadership team for the future. Nigel has been a great Finance Director and made a huge contribution to Majestic's success during his 13 years with the business. I personally thank him for his hard work and wish him well for the future.

"I'm delighted that we have identified a worthy successor in James from within our existing management team. Having worked with James throughout the acquisition process the Board is confident that he has the right financial skills, industry knowledge and international experience to help lead us through the next phase of our development."

For further information, please contact:

James Andrew Crawford (aged 38 years) holds or has held the following directorships or partnerships in the past five years:

Save as disclosed above, there are no other matters which are required to be disclosed with regards to the appointment of James Crawford in accordance with Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies.