9 month sales 2009

1 Change in sales and Net sales 9 months 2009

Sales (€ millions) Net sales (€ millions)

-3.3 -97.7 (-0.4%) 875.2 (-11.2%) -129.7 -3.3 -47,6 -65.4 (-14.8%) 564.1 (-0.6%) (-8.4%) (-11,6%) 644.5 447.9 -26.4% -20,6%

9 months Change in Forex Organic 9 months 9 months Change in Forex Organic 9 months 2008 perimeter Impact growth 2009 2008 perimeter Impact growth 2009 at unchanged at unchanged Forex Forex

 46% of sales decrease is coming from the Polish zloty  Impact of the global economic crisis and safeguard procedure

(Q3 and 9 month sales are not audited) 2 Net sales: sales excluding excise duties Change in sales and Net sales Q3 2009

Sales (€ millions) Net sales (€ millions)

-31.7 302.7 (-10.5%) -51.2 - 16.9 (-16.9%) 197.0 (-8.6%) -26.9 (-13.6%) 219.8 153.2 -27.4% -22,2%

Q3 2008Forex Organic Q3 2009 Q3 2008Forex Organic Q3 2009 Impact Growth at Impact Growth at unchanged unchanged Forex Forex

 Same trend evolution than Q1 and Q2 2009

(Q3 and 9 month sales are not audited) 3 Net sales: sales excluding excise duties Net sales breakdown 9 months 2009

By region By product

Lithuania Spirits

Poland Bulgaria

Wine

Others ** France

New Markets *

(()Included USA = 11%) Distributed Beverages

(Q3 and 9 month sales are not audited)

(*) New markets: USA, Ukraine, Brazil, Turkey, Russia, Denmark… (**) Mostly USA Bulk alcohol 4 Net sales: sales excluding excise duties Net sales by region 9 months 2009

Net sales (€ millions) Net sales using the same scope of consolidation and exchange rate (€ millions)

564.1 -20,6% 564.1 -11.6% 498.8

447.9 -42.0 -333.3 -060.6 -19.6 +2, 1 +1. 2 -92.8 -3.4 -0.6 -19.6 +3.5 -3.3 (-15.6%) (-17.8%) (-4.4%) (-10.0%) (+4.8%) (+10.1%) (-34.4%) (-17.8%) (-4.4%) (-10.0%) (+7.7%) (-15.4%)

9 months PolandLithuania Bulgaria France USA Others 9 months 9 months Lithuania Bulgaria France USA Others 9 months 2008 2009 2008 2009

 Sales decrease : -> 80% come from Poland -> 16,,p7% due to reduction of non profitable French wine activity and subcontracting activity (Q3 and 9 month sales are not audited)

5 Net sales : sales excluding excise duties Ranking of the main Polish distillers

(% market share in volume) Brands DEC. 07 DEC. 08 JUNE 09 SEPT. 09

Polmos , Oaktree Capital, USA Zoladkowa Gorzka 12.2 19.8 28.4 30.1 CEDC, USA Zubrowka, , 29.2 26.9 26.6 25.5 Polska, Belvedere, France Sobieski, Zawisza,.. 25.8 22.6 18.6 18.1 WbWyborowa SASA, Perno dd RiRicar dd, FFrance (i (inc llu dd VS) VS) WbWyborowa, LdLodowa, LkLuksusowa 13. 4 13. 1 11. 0 10. 3 Polska, Oy Alko, Finlandia 4.2 4.3 3.8 3.4 B Biala 2.8 2.4 2.0 2.1 Polmos Jozefow 2.8 1.5 1.1 1.2

 Extremely aggressive price policy from Polmos Lublin (Oaktree Capital)  Therefore, market shares are still decreasing for all other players

6 (Q3 and 9 month sales are not audited) Focus on Poland 9 months 2009

Net sales in Poland (€ millions)

-50.9 269.7 (-18,9%) -41.9 (-15.6%)

176.9

-34,4%

H1 2008Forex Organic H1 2009 Impact growth at unchanged Forex

 60% of the decrease in Poland is due to forex impact  Main imppyact on the economy-range

7 (Q3 and 9 month sales are not audited) Focus on France 9 months 2009 - 10.0%

196.8 177.1

+20.6%

12.4 10.3

9 months 9 months 9 months 9 months 2008 2009 2008 2009 Net Sales Ebitda (€ millions) (€ millions)

 Reduction of non-profitable wine activity by 15,5% but increase in wine gross margin ratio  Spirits activity sales up 1%  The subcontracts for Pulco and non-alcocholic beverages represent €13, 3m in sales (vs. €23,1m) 8 (Q3 and 9 month sales are not audited) Focus on Bulgaria & Lithuania 9 months 2009

Bulgaria Lithuania

- 17.8% -4.4% 18.9

15.5 12.8 12.3

9 months 9 months 9 months 9 months 2008 2009 2008 2009

Net Sales Net Sales (€ millions) (€ millions)

 Slow down from Eastern countries  Same trend than Q1 and Q2 2009 with export market the impact of the economic crisis

9 (Q3 and 9 month sales are not audited) Focus on the USA 9 months 2009

Evolution of Sobieski Vodka sales in the US (9 L cases) Evolution of net sales (€ millions)

+7.7%

48.7 285,000 45.2 419,576

X 2 X 4

210,601 68,000

12 months 12 months 9 months 9 months 9 months 9 months 2007 2008 2008 2009 2008 2009

 Fast growth in Sobieski Vodka sales in the USA  Bulk al coh ol sal es increased by 47%  Reduction of bottling service of 14,5% 10 (Q3 and 9 month sales are not audited)