For Immediate Release

21 December 2021 

Naked Wines plc

(the "Company")

Grant of awards under existing long term incentive plan

Naked Wines plc announces that the following share awards have been granted under the Company's Long Term Incentive Plan:

Conditional share awards over a total of 34,005 ordinary shares of 7.5 pence each in the Company ("Ordinary Shares") were granted to 42 employees pursuant to the Company's Long Term Incentive Plan ("LTIP").

The LTIP awards will normally vest on the third anniversary of the date of grant, subject to meeting certain strategic, operational, financial and shareholder return performance criteria and the continued employment of the participant. Clawback provisions contained in the rules of the LTIP can be applied to awards made to all participants.

No new Ordinary Shares have been issued as a result of these grants.

There are 2,045,380 unvested conditional share awards under the Company's employee share schemes, equating to approximately 2.79% of the issued ordinary share capital of the Company.

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