Fife Vineyards: A California Winery Producing a Variety of Wines Tiburon Research March 15, 2019

Fife Vineyards Comments 2 Founded 1991 Based in Napa Valley, CA Source: 6/3/08 Fife Web Site; Tiburon Research & Analysis 2

Fife Vineyards History Fife Vineyards was Founded in 1991 and Has Subsequently Evolved through its Early, Middle, & Recent Phases Fife Vineyards History Fife Vineyards Founded Fife Vineyards Today Early Phase Middle Phase Recent Phase Approximate Dates: 1991 1992 - 1995 1980 - 2006 2011 - 2014 2014 Key Steps: 1991: Fife Vineyard founded 1992: -- 1996: Acquired its Mendocino winery & vineyard 2007: -- Source: 6/3/08 Fife Web Site; Tiburon Research & Analysis 3

Fife Vineyards was Founded in 1991 Comments Founded in 1991 Based in XXXX Source: Tiburon Research & Analysis 4

Fife Vineyards is Not a Frequent Advertiser Comments -- Source: Tiburon Research & Analysis 5

Fife Vineyards Has a Web Site with XXXX Core Sections, Including __ -- -- -- -- - -- Source: Tiburon Research & Analysis 6

Fife Vineyards is Not a Frequent Acquirer Comments -- Source: Tiburon Research & Analysis 7

Fife Vineyards Has a Charitable Giving Program Comments -- Source: Tiburon Research & Analysis 8

Fife Vineyards Has Employees Source: Tiburon Research & Analysis 9

Fife Vineyards Has Planted Acres Source: Tiburon Research & Analysis 10

Fife Vineyards Produces Tons of Grapes Source: Tiburon Research & Analysis 11

Fife Vineyards Produces Gallons of Wine Source: Tiburon Research & Analysis 12

Fife Vineyards Produces Cases Cases Produced Source: Tiburon Research & Analysis 13

Fife Vineyards Generates Revenues ($ Millions) Source: Tiburon Research & Analysis 14

Fife Vineyards Earns $___ Million Net Profits ($ Millions) Source: Tiburon Research & Analysis 15

Fife Vineyards Produces a Number of Varietals, Including… -- -- -- -- -- Source: Tiburon Research & Analysis 16

Fife Vineyards’s First Varietal is ___ Comments -- Source: Tiburon Research & Analysis 17

Fife Vineyards’s Second Varietal is ___ Comments -- Source: Tiburon Research & Analysis 18

Fife Vineyards is Led by its CEO… Organizational Chart -- -- -- -- -- -- Source: Tiburon Research & Analysis 19

Fife Vineyards Has a Board of Directors Led by its Chairman… -- -- -- -- -- -- -- -- -- -- Source: Tiburon Research & Analysis

Fife Vineyards is Privately Owned Comments -- Source: Tiburon Research & Analysis 21

Fife Vineyards Has Assets ($ Millions) Source: Tiburon Research & Analysis 22 22 22

Fife Vineyards Has Liabilities ($ Millions) Source: Tiburon Research & Analysis 23 23 23

Fife Vineyards Has Shareholders’ Equity ($ Millions) Source: Tiburon Research & Analysis 24 24 24

Fife Vineyards Earns … Per Share Earnings Per Share Source: Tiburon Research & Analysis 25 25 25

Fife Vineyards Declares … Dividends Per Share Source: Tiburon Research & Analysis 26 26 26

Fife Vineyards Has a … Dividend Yield Source: Tiburon Research & Analysis 27 27 27

Fife Vineyards’s Stock Price is … Source: Tiburon Research & Analysis 28 28 28

Fife Vineyards Has … Shares Outstanding Source: Tiburon Research & Analysis 29 29 29

Fife Vineyards’s Market Capitalization is … ($ Millions) Source: Tiburon Research & Analysis 30 30 30

Fife Vineyards is Owned by …. Ownership By Owner Source: Tiburon Research & Analysis 31 31 31

Fife Vineyards’s Stock Volume is…. Source: Tiburon Research & Analysis 32 32 32

Tiburon Strategic Advisors Comments Focus on corporate-level strategy Serve senior executives only at financial services companies Key services: market seminars, market research, & strategy consulting Served over 450 corporate clients and completed over 2,200 projects since 1998 Host semi-annual CEO Summits, offer free weekly research releases, and offer free business benchmarking tools for all types of advisors Chip Roame background McKinsey & Company Charles Schwab & Company Tiburon since 1998 Source: Tiburon Research & Analysis 33 33