[YELLOW TAIL] EXPANDS ACROSS AFRICA

Over the past two years we have launched [yellow tail] in four new African countries –Ghana, Kenya, Cameroon and Uganda, as well as re-engage with our importer in Nigeria. Wine consumption is generally still low in most African countries but continues to grow with a developing middle class and as consumer behaviour changes. Most wine has originated from either South Africa or imports coming from Europe, especially Italy or Spain. There is a growing demand for new world wines from Australia. CFB plans to selectively seed the markets we have recently entered and launch into new markets which offer the highest potential for imported wine.