Gusbourne PLC 2019 Harvest Report

TIDMGUS

Gusbourne PLC

23 October 2019

23 October 2019

Gusbourne Plc

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

2019 Harvest Report

Gusbourne Plc (AIM: GUS), the English sparkling wine producer, is today pleased to announce that the 2019 harvest at Gusbourne is now complete and has continued the precedent set in recent years, with yet another vintage of high quality and record quantity.

Conditions throughout the growing season were generally good, in particular during flowering in June and the critical ripening months of July and August. Despite less favourable weather conditions towards the end of the year the team have been able to pick a healthy and ripe crop. Early indications of the resulting wine quality are high.

In accordance with Gusbourne's strict and self-imposed detail-focussed techniques in the vineyard, the team began choosing the best quality fruit during the green harvest towards the latter part of the growing season. This was followed by rigorously selecting only the finest fruit from each vine during harvest and ultimately ensured that all of the grapes which were chosen for pressing were suitably rich, ripe and pure. Desired levels of natural sugar and acidity were present across all three of the varieties that Gusbourne grow - Chardonnay, Pinot Noir and Pinot Meunier.

Charlie Holland, Chief Executive Officer, commented:

"The 2019 harvest certainly proved to be more of a challenge compared to 2018, given the weather we experienced during the last week of September and throughout most of October. In harvest conditions such as this, it is crucial to assess fruit in the vineyard before picking to ensure what comes into the winery is in good condition. Being in control of our entire operation in the vineyard and the winery proved to be a great benefit. The team worked 24 hours a day, 7 days a week, and were able to support the need to pick and process certain vineyards just at the right time - when the fruit was ready and when there was a break in the weather."

For further information contact:

Gusbourne Plc

   Charlie Holland                                                                 [phone] 

Canaccord Genuity Limited

   Bobbie Hilliam                                                                 [phone] 

Georgina McCooke

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

Note to Editors

Gusbourne PLC ("the Company") is engaged, through its wholly owned subsidiary Gusbourne Estate Limited (together the "Group"), in the production and distribution of a range of high quality and award winning English sparkling wines from grapes grown in its own vineyards in Kent and West Sussex. The majority of the Group's mature vineyards are located at its freehold estate at Appledore in Kent where the winery is also based. The Group has a total of 231 acres of vineyards which will increase to 288 acres following the planned planting of an additional 57 acres in 2020.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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October 23, 2019 05:00 ET (09:00 GMT)