Forest Glen: A California Winery Producing a Variety of Wines Tiburon Research March 22, 2019

Forest Glen Comments 2 Founded in 1990 Based in Geyserville, CA (Sonoma County) Source: 12/9/11 Noble Estates Web Site; 10/31/97 Wine Spectator; Tiburon Research & Analysis 2

Forest Glen was Founded in 1990 and Has Subsequently Evolved through its Early, Middle, & Recent Phases Forest Glen History Forest Glen Founded Forest Glen Today Early Phase Middle Phase Recent Phase Approximate Dates: 1990 XXXX - XXXX XXXX - XXXX XXXX - 2019 2019 Key Steps: 1990: Forest Glen founded XXXX: -- XXXX: -- XXXX: -- Source: Tiburon Research & Analysis 3

Forest Glen was Founded in 1990 Comments Founded in 1990 Based in Geyserville, CA (Sonoma County) Source: 12/9/11 Noble Estates Web Site; 10/31/97 Wine Spectator; Tiburon Research & Analysis 4

Forest Glen is Not a Frequent Advertiser Comments -- Source: Tiburon Research & Analysis 5

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

Forest Glen is Not a Frequent Acquirer Comments -- Source: Tiburon Research & Analysis 7

Forest Glen Has a Charitable Giving Program Comments -- Source: Tiburon Research & Analysis 8

Forest Glen Has Employees Source: Tiburon Research & Analysis 9

Forest Glen Has Planted Acres Source: Tiburon Research & Analysis 10

Forest Glen Produces Tons of Grapes Source: Tiburon Research & Analysis 11

Forest Glen Produces Gallons of Wine Source: Tiburon Research & Analysis 12

Forest Glen Produces Cases Cases Produced Source: Tiburon Research & Analysis 13

Forest Glen Generates Revenues ($ Millions) Source: Tiburon Research & Analysis 14

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

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

Forest Glen’s First Varietal is ___ Comments -- Source: Tiburon Research & Analysis 17

Forest Glen’s Second Varietal is ___ Comments -- Source: Tiburon Research & Analysis 18

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

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

Forest Glen is Privately Owned Comments -- Source: Tiburon Research & Analysis 21

Forest Glen Assets ($ Millions) Forest Glen Has Assets Forest Glen Assets ($ Millions) Source: Tiburon Research & Analysis 22 22 22

Forest Glen Has Liabilities ($ Millions) Source: Tiburon Research & Analysis 23 23 23

Forest Glen Has Shareholders’ Equity ($ Millions) Source: Tiburon Research & Analysis 24 24 24

Forest Glen Earns … Per Share Earnings Per Share Source: Tiburon Research & Analysis 25 25 25

Forest Glen Declares … Dividends Per Share Source: Tiburon Research & Analysis 26 26 26

Forest Glen Has a … Dividend Yield Source: Tiburon Research & Analysis 27 27 27

Forest Glen’s Stock Price is … Source: Tiburon Research & Analysis 28 28 28

Forest Glen Has … Shares Outstanding Source: Tiburon Research & Analysis 29 29 29

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

Forest Glen is Owned by …. Ownership By Owner Source: Tiburon Research & Analysis 31 31 31

Forest Glen’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