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Marlborough Wine Estates Group to List on NXT

Marlborough Wine Estates Group to List on NXT Market – MWE

Premium Marlborough Wine Maker To Become Fourth Company To List On The NXT Market

AUCKLAND, NEW ZEALAND: Premium wine maker, Marlborough Wines Estates Group Limited (MWE) has today confirmed that it will become the third wine company to list on the New Zealand stock exchange when it joins the NXT market as a compliance listing next week.

Marlborough Wine Estates owns vineyards in the Awatere Valley in Marlborough and produces some of the region’s finest Sauvignon Blancs under two brands – O:TU and Music Bay.

The majority of the premium O:TU wines are distributed internationally, particularly to China where MWE has established a strong distribution network and the O:TU name is fast becoming a respected and recognised New Zealand brand for quality white wine. A second more affordable wine brand, Music Bay, has also been recently launched and is for sale through selected retailers in New Zealand and abroad.

MWE already has a number of competitive advantages in China including established distribution partnerships, growing brand recognition and an in-depth understanding of the market within its Chinese leadership team.

The company sees a number of opportunities for growth, both from the fast growing number of wine consumers in China, as well as other targeted markets such as Japan, South Korea and the USA.

Executive chairman of Marlborough Wine Estates, James Jia, said: “China is now thought to be among the top five wine-consuming countries in the world with wine imports increasing over 40% to $420 million[1] in the last year alone. Wine is seen as a status symbol among the emerging middle class in China and premium wine is becoming an affordable everyday luxury for these consumers.

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“However, the number of people who understand and enjoy white wine is still small relative to a likely market of some 100 million alcohol consumers. This presents a significant opportunity to develop and exploit the white wine market, which is forecast to grow rapidly.”

Mr Jia said listing on the NXT market will provide the company with a number of benefits.

“The strong governance framework, transparency requirements and public company disciplines that come with being a listed company are an important part of building trust and credibility with our partners, suppliers and investors. Our company is set to take off and, with the support of our shareholders, we are committed to building Marlborough Wine Estates into a premium provider of artisan wines, particularly to China.”

Marlborough Wine Estates Group will list on the NXT market under the code MWE, on Thursday 30 June 2016 at 1130am.

ENDS


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