3 November 2023

Gusbourne Plc

("Gusbourne", the "Company" or the "Group")

Issue of Equity

The Company announces that it has issued 61,294 new ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") pursuant to an exercise of warrants by certain investors in the Company. All warrants were exercised at an exercise price of 75 pence per share. The new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.

Included in the 61,294 new ordinary shares above are 57,740 new ordinary shares to be issued to the following directors. It  was announced on 26 October 2023 that the directors had given notice to exercise their warrants as set out in the table below:

An application has been made for the Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur on 9 November 2023. Following Admission, the Company will have 60,845,293 Ordinary Shares in issue and admitted to trading on AIM. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Unexercised warrants amount to 3,888,671 Ordinary Shares. These warrants are exercisable at a price of 75 pence per share and have a final exercise date of 16 December 2023.

Enquiries:

Gusbourne Plc

Katharine Berry CFO               +44 (0)12 3375 8666

Panmure Gordon (UK) Limited (Nomad and Sole Broker)                       

James Sinclair-Ford / Lauren Riley                  +44 (0)20 7886 2500

Hugh Rich

Note: This and other press releases are available at the Company's website: www.gusbourneplc.com

This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement, this information is now considered to be in the public domain.

Note to Editors

Gusbourne produces and distributes a range of high quality and award winning vintage English sparkling wines from grapes grown in its own vineyards in Kent and West Sussex.

The Gusbourne business was founded by Andrew Weeber in 2004 with the first vineyard plantings at Appledore in Kent. The first wines were released in 2010 to critical acclaim. Following additional vineyard plantings in 2013 and 2015 in both Kent and West Sussex, Gusbourne now has 93 hectares of mature vineyards. The NEST visitor centre was opened next to the winery in Appledore in 2017, providing tours, tastings and a direct outlet for our wines.

Right from the beginning, Gusbourne's intention has always been to produce the finest English sparkling wines. Starting with carefully chosen sites, we use best practice in establishing and maintaining the vineyards and conduct green harvests to ensure we achieve the highest quality grapes for each vintage. A quest for excellence is at the heart of everything we do. We blind taste hundreds of samples before finalising our blends and even after the wines are bottled, they spend extended time on their lees to add depth and flavour. Once disgorged, extra cork ageing further enhances complexity. Our winemaking process remains traditional, but one that is open to innovation where appropriate. It takes four years to bring a vineyard into full production and a further four years to transform those grapes into Gusbourne's premium sparkling wine.

Gusbourne's luxury brand enjoys premium price positioning and is distributed in the finest establishments both in the UK and abroad. Our wines can be found in leading luxury retailers, restaurants, hotels and stockists, always being aware that where we are says a lot about who we are.