Trier, im July 2021. Schloss Wachenheim AG and its board member Horst Hillesheim have reached a mutual agreement that Mr. Hillesheim will withdraw from the board on July 31st, 2021 in order to face up new professional tasks.

Horst Hillesheim has been working in various, mainly leading positions for the group for 24 years and has been a member of the Management Board since July 2016. The Supervisory Board would like to thank Mr. Hillesheim for his Board activity, with which he significantly contributed to the further development of the company in a challenging market environment. The development of wine retail activities in Germany after the acquisition of Rindchen's Weinkontor in 2017 and Vino Weinhandels GmbH in 2019 as well as the sales integration of the Eisberg brand in 2021 should be emphasised in this context.

The duties and responsibilities of Mr. Hillesheim will be assumed by the other members of the Management Board, Oliver Gloden and Boris Schlimbach.