Mr. Andrew Howard reports

DIAMOND ESTATES WINES & SPIRITS ANNOUNCES VOTING RESULTS FROM ITS ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

Diamond Estates Wines & Spirits Inc. has released the results of voting at its annual general and special meeting of shareholders held on Thursday, Sept. 24, 2026, by teleconference.

The voting results for the election of directors were as shown in the attached table.

The voting results for other matters before the meeting (which are fully outlined in the company's management information circular for the meeting, which is available on SEDAR+ and on the company's website under the "investors" tab) were as follows:

• Appointment of auditor: 99.578 per cent of the votes were in favour of the resolution appointing MNP LLC as auditor of the company until the next annual meeting, and 0.161 per cent of the votes were withheld.

Presentation by Andrew Howard, president and chief executive officer

At after the formal portion of the meeting, Andrew Howard, president and CEO of the company, provided an update to those shareholders in attendance that can be found on the company's website under the investors tab.

"Fiscal 2025/2026 highlights the continued and meaningful progress we have made in strengthening our business. We remain focused on executing our growth initiatives. Our strong positioning in the grocery channel has allowed us to benefit disproportionately from the recent retail expansion, and that same success is now carrying into the emerging convenience channel. The industry retail changes, together with enhanced government support, have created meaningful opportunities for our VQA portfolio, where consumer interest in Canadian wines continues to strengthen our diversified platform. These initiatives, along with our disciplined sales execution, position the company to deliver ongoing value to our stakeholders," said Mr. Howard, president and chief executive officer.

Appointment of officers

Immediately following the meeting, the following individuals were appointed officers of the company by the board of directors as shown in the attached table.

About Diamond Estates Wines and Spirits Inc.

Diamond Estates is a producer of high-quality wines and ciders as well as a sales agent for over 120 beverage alcohol brands across Canada. The company operates four facilities, three in Ontario and one in British Columbia, that produce predominantly VQA wines under such well-known brand names as 20 Bees, Creekside, D'Ont Poke the Bear, EastDell, Lakeview Cellars, Mindful, Shiny Apple Cider, Fresh Wines, Red Tractor, Seasons, Serenity and Backyard Vineyards.

Through its commercial division, Trajectory Beverage Partners, the company serves as the sales agent for a wide range of leading international beverage brands.

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