Lake Sonoma: A California Winery Producing a Variety of Wines Tiburon Research April 11, 2019

Lake Sonoma Comments 2 Founded in XXXX Based in Glen Ellen, CA (Dry Creek, Sonoma) Web Site: www.lakesonomawinery.com Source: 12/10/11 Lake Sonoma Web Site; Tiburon Research & Analysis 2

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

Lake Sonoma was Founded in XXXX Comments Founded in XXXX Based in Glen Ellen, CA (Dry Creek, Sonoma) Source: 12/10/11 Lake Sonoma Web Site; Tiburon Research & Analysis 4

Lake Sonoma is Not a Frequent Advertiser Comments -- Source: Tiburon Research & Analysis 5

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

Lake Sonoma is Not a Frequent Acquirer Comments -- Source: Tiburon Research & Analysis 7

Lake Sonoma Has a Charitable Giving Program Comments -- Source: Tiburon Research & Analysis 8

Lake Sonoma Has Employees Source: Tiburon Research & Analysis 9

Lake Sonoma Has Planted Acres Source: Tiburon Research & Analysis 10

Lake Sonoma Produces Tons of Grapes Source: Tiburon Research & Analysis 11

Lake Sonoma Produces Gallons of Wine Source: Tiburon Research & Analysis 12

Lake Sonoma Produces Cases Cases Produced Source: Tiburon Research & Analysis 13

Lake Sonoma Generates Revenues ($ Millions) Source: Tiburon Research & Analysis 14

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

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

Lake Sonoma’s First Varietal is ___ Comments -- Source: Tiburon Research & Analysis 17

Lake Sonoma’s Second Varietal is ___ Comments -- Source: Tiburon Research & Analysis 18

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

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

Lake Sonoma is Privately Owned Comments -- Source: Tiburon Research & Analysis 21

Lake Sonoma Assets ($ Millions) Lake Sonoma Has Assets Lake Sonoma Assets ($ Millions) Source: Tiburon Research & Analysis 22 22 22

Lake Sonoma Has Liabilities ($ Millions) Source: Tiburon Research & Analysis 23 23 23

Lake Sonoma Has Shareholders’ Equity ($ Millions) Source: Tiburon Research & Analysis 24 24 24

Lake Sonoma Earns … Per Share Earnings Per Share Source: Tiburon Research & Analysis 25 25 25

Lake Sonoma Declares … Dividends Per Share Source: Tiburon Research & Analysis 26 26 26

Lake Sonoma Has a … Dividend Yield Source: Tiburon Research & Analysis 27 27 27

Lake Sonoma’s Stock Price is … Source: Tiburon Research & Analysis 28 28 28

Lake Sonoma Has … Shares Outstanding Source: Tiburon Research & Analysis 29 29 29

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

Lake Sonoma is Owned by …. Ownership By Owner Source: Tiburon Research & Analysis 31 31 31

Lake Sonoma’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