1 March 2023

The British Honey Company plc

("BHC", the "Group", or the "Company")

Outcome of General Meeting

A reconvened General Meeting of The British Honey Company plc (AQUIS: BHC), the producer of premium British honey and craft spirits products, notice of which was announced on 14 February 2023, was duly held earlier today (the "Meeting") at the offices of Marriot Harrison LLP, 80 Cheapside London EC2V 6EE.

The Meeting was held to enable shareholders to consider whether any, and if so, what steps should be taken to address the Company's "serious loss of capital" as defined and required by section 656(1) of the Companies Act 2006. Details were included in the original Notices of AGM & GM and formed part of the documentation (including the 2021 Annual Report) which were sent to all shareholders on 12 January 2023 and which can be viewed on the Company's website at www.britishhoney.co.uk.

The board of BHC always welcomes the opportunity for dialogue with shareholders and today's General Meeting provided a suitable forum for discussions on this issue to take place. Shareholders were not asked to vote on any Resolutions at the Meeting as it was a discussion forum only. It was agreed that the Board would follow-up on several questions raised in due course.

The Company confirms that no material price sensitive information was disclosed during the meeting. 

About The British Honey Company plc/Union Distillers

Launched in 2014, BHC/Union has an extensive collection of award-winning spirits brands. Its impressive range began with Keepr's British Honey Spirits infused with 100% pure British honey and now includes gin, rum, bourbon, and vodka. In 2020 it expanded further after acquiring the brands of the London Distillery Company (Dodd's Organic Gin, London Distillery Rye and Single Malt Whisky.

In February 2021, BHC completed the acquisition of Union Distillers Limited, based in Market Harborough, Leicestershire. Over the years Union has grown to become an independent producer and distributor of its 'own label' brands and "white label" spirits. It has well-invested infrastructure which includes its own stills and a bonded warehouse. Union has a strong manufacturing capability, established brands and an extensive and growing retail and wholesale customer base. Products include its premium, proprietary "Two Birds" range of spirits comprising 11 gins, seven vodkas, a spiced rum and a 29% ABV espresso vodka liqueur.

In addition, Union distils spirits on behalf of a range of B2C customers including some major supermarkets. Union was awarded BRC Global Standard for Food safety in April 2022.