Board Changes

3rd March 2008

The Board of Majestic Wine PLC announces that Tim How has stated his intention to retire within the next year. Tim, aged 57, has been Chief Executive for the last 19 years.

Steve Lewis, who has been Chief Operating Officer for the past two years, will be appointed Chief Executive on Tim’s retirement. Steve, aged 44, joined Majestic in 1985 as a graduate trainee manager. He became Retail Director in 1991 and was appointed to the Board in 1998.

Simon Burke, Chairman, said:

"Tim How has led Majestic from a small loss-making chain to the most successful independent wine retailer in Britain. Along the way he has created tremendous value for shareholders, acquired a loyal and dedicated customer following, and built a highly professional retail and management team. He has been a truly great Chief Executive and we all owe him a huge debt of gratitude. We wish him a long, happy and prosperous retirement.

Meanwhile the Board is delighted that Steve Lewis, Tim's long-standing deputy and someone who has dedicated many years to building the Majestic business, has agreed to become Chief Executive upon Tim's retirement. Steve will be appointed after an appropriate handover period. We look forward to working with him to continue the Majestic success story."

Enquiries to:

Tim How or Steve Lewis
Tel: 01923 298200
Majestic Wine PLC

Tim Thompson or Nicola Cronk
Tel: 020 7466 5000
Buchanan Communications