Purcari Wineries acquires 76 shares of Angel'\'\'\'\'s Estate' winery in Bulgaria

business development. The transaction is expected to be completed within two weeks of the signing of the share purchase contract.

"The acquisition of Angel'\''s Estate is a step forward in realizing our goal of becoming the enduring leader of winemaking in Central and Eastern Europe, acting as a consolidator in this fragmented industry. We are adding a new geography to our group and consider it a great privilege to develop Bulgaria's millennial wine tradition, including the expansion of Angel'\''s Estate's existing export operations. We expect strong synergies from Angel's Estate joining the extended Purcari family and will work to maximize the potential of this business under our management," says Evgeny Komendant, Chief Operating Officer of Angel's Estate. 'Purcari Wineries PLC.

Purcari Wineries Public Company Limited

(including the Purcari, Crama Ceptura, Bostavan, Bardar and Domeniile Cuza brands) is one of the largest wine and brandy groups in Central and Eastern Europe.

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The group manages approximately 1,350 hectares of vineyards and has five production sites in Romania and Moldova. Purcari Wineries is the market leader in the premium wine market in Romania, with a 30% market share, and the largest exporter of wine from Moldova to more than 40 countries.

From February 2018, the group is listed on the Bucharest Stock Exchange under the symbol WINE. The group is led by Victor Bostan, a wine industry veteran with more than 30 years of experience, and is backed by leading institutional investors such as Conseq, East Capital, Franklin Templeton, Fiera Capital, Horizon Capital and Norges''Bank.

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