This has been a veryexciting part of ourbusiness with CorporateSales during Q4 being 76% up on the same time in 2016.

Many thanks to Jackie Waud formasterminding the packaging and dispatchof an incredible number of wine gifts. It isher favourite time of year!During December, these were some of thehighlights from our Corporate Gifts Sales:• 450 personalised magnums (a mix of

Claret, Malbec, Prosecco & Gassac Fizz)

• 28 Methuselahs of Bollinger SpecialCuvee NV

• 70 Clos Pons Gift Packs

• 66 cases of Spanish Sizzlers

• 40 Survival Cases

• 910 pairs of Wines in separate winecarriers

I would particularly like to thank thefollowing WWC members that instructedus to deliver their corporate gifts during theChristmas period. John Doyle – MayflowerAshley Griffiths – DE GroupDawn Henderson – Origin UWLuke Jones – MML CapitalPaul Kelly – PK Wealth ManagementClive Miles – CLM FireproofingMike O’Connor – Darwin ClaytonDaniel Taylor – NM GroupDavid Veysey – Summit DesignJeremy Waud – Incentive FM GroupMyles Waud – FidensIf you have the opportunity to involve theClub with your company Corporate Gifts,please do get in touch to discuss theoptions we have available to you.

A u t u m n 2 0 1 4N e w s l e t t e r & W i n e L i s t

Corporate Sales

44 Loman Street, London, SE1 0EH

020 7940 5516

info@waudwineclub.com

www.waudwineclub.com

@waudwines

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Dear Member,

2017 was comfortably the mostsuccessful year in the Waud Winesjourney so far. Our business hasgrown considerably across ourvarious divisions - Club, Trade,Corporate Gifts & Events, and mostsignificantly our Investment sector.We look forward to more of thesame in 2018.

We hope you enjoy readingabout what has been going on inand around the club in the pasttwelve months.

If you have any questions orqueries about the club, please doget in touch with us.

Best wishes, Charles

S p r i n g 2 0 1 8 N e w s l e t t e r

S p r i n g 2 0 1 8 N e w s l e t t e r

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All in all, 2017 was another veryhappy and successful year forthe Club. We enjoyed twofabulous trips abroad on theTDV’s. Firstly to South WestFrance in May, then to Tuscanyin September.

Members and guests turned out in force tosupport our two portfolio tastings. TheSpring tasting at The Army and Navy Club,followed by our Christmas tastinggenerously hosted at JM Finn courtesy ofWWC member Edward de Vere Hunt.

In May, 24 members and guestsenjoyed a barge trip aboard the LondonPrince Regent in Paddington for a finewine dinner with Marie Zusslin fromAlsace. This was probably our most ‘outthere’ dinner so far!

In 2017, we introduced a series ofMasterclasses at our head office. Thesetastings were designed to give membersthe opportunity to try an array of winesand have a Q&A in a more intimateatmosphere with a grower orrepresentative from some special vineyards.Memorable tastings included ChampagneCastelnau, Chapoutier from Rhone,Domaine Laroche from Chablis and JeanAubron from Loire. We will continue tohost these evenings during 2018.

Feedback on the taster cases hasgenerally been very positive with theselection of Single Grape Varieties in April,Southern French Gems in August and the 9bottle Classical Italian case in December allbeing well received.

Introducing New Membership CategoriesTo provide members with a more flexibleoffering, in terms of both quantity andquality of wines, we have created thefollowing new membership categories.

The Silver membership is the standardmembership offering that you willautomatically be enrolled on to.

Members do not have to commit to acategory permanently, you can switch

between them throughout the year asand when you wish. You will just have tobe set up on our Direct Debit system to beable to move categories.

Please let us know if you would like tomove to the Gold or Bronze categories intime for the April case.

Membership DriveMembership numbers continue to be ouronly real frustration, as we have made lessprogress here than we have planned.

Although we welcomed 28 new membersto the Club throughout 2017, we did lose15 members at the same time.

As mentioned in previous letters andemails, we would like to encourage each ofour members to invite 1 member to jointhe club in 2018. This would quickly doublethe size of our club and thereforesubstantially increase our buying power.We would then be able to pass thesesavings back to you in lower wine prices inmany cases.

We hope that with the additional Goldand Bronze membership categoriesmentioned earlier, we can appeal to a wideraudience, alongside the following initiativethat will be trialled until April 2018.

WHEN YOU SIGN A NEW MEMBER UP TO THE CLUB, WE WILL DELIVER A 6 BOTTLE CASE FREE OF CHARGE

WITH YOUR NEXT DELIVERY.

To sign a new member up, visit thewebsite and select the JOIN THE CLUBtab under the Waud Wine Clubnavigation item.

2018Member EventsThroughout the year, we have a selectionof events that we hope are varied enoughin style and location that the majority of themembership will be able to attend at leastone event.

If you would like to attend any of theseevents, please email:events@waudwineclub.com

2018Masterclasses Calling all New Zealand Sauvignon Blanclovers! We have 10 spaces available toattend our first Masterclass on Tuesday20th February at our Loman Street HeadOffice.

Tom Maling, the Global Ambassadorfor Kim Crawford will be visiting to talk usthrough a selection of their wines fromMarlborough. We will also be treated tothe super famous Inniskillin ice wine – aswell as their Casa Noble Tequila, that I amsure will be an experience!

Please email:events@waudwineclub.comif you would like to attend.

2018Regional TastingsIn 2017 we introduced some Regionaltastings to the calendar. We decided to dothis for the members that did not want totravel into London where the majority ofour events were held. Many thanks toSteve and Sarah Waud for their generosityof hosting the June tasting at their house inHoltye, Sussex – and to Jeremy and JackieWaud for hosting the August tasting inBletchingley, Surrey.

Please email:events@waudwineclub.com if youwould like to attend any of these events.Guests are very welcome.

These are the Member events we have scheduled so far for 2018.

In 2018 we have secured 3 further dates for regional tastings

Bronze6 bottle case deliveredAv. Bottle Price: £10.33£20 per month (inc VAT)

Silver9 bottle case deliveredAv. Bottle Price: £14.00£36 per month (inc VAT)

Gold12 bottle case deliveredAv. Bottle Price: £18.50£60 per month (inc VAT)

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Date Event Venue Spaces Price

27th April Regional Tasting (Athey’s) Lamberhurst, Kent 30 Free

8th June Regional Tasting (S. Waud) Holtye, Sussex 30 Free

31st August Regional Tasting (J. Waud) Bletchingley, Surrey 30 Free

Date Event Venue Spaces Price

20th February Masterclass – Kim Crawford Loman St, SE1 10 Free

20th March Masterclass (Theme TBA) Loman St, SE1 10 Free

11th April Portfolio Tasting Union Street Cafe, SE1 60 £30*

27th April Regional Tasting (Athey’s) Lamberhurst, Kent 30 Free

9th – 12th May Tour du Vin Loire & Bordeaux 24 Circa £895 p/h**

8th June Regional Tasting (S. Waud) Holtye, Sussex 30 Free

3rd July Masterclass (Theme TBA) Loman St, SE1 10 Free

31st August Regional Tasting (J. Waud) Bletchingley, Surrey 30 Free

5th – 8th September Tour du Vin Champagne & Alsace 24 Circa £895 p/h**

8th November Christmas Portfolio Tasting London, TBC 60 £30*

* The ticket price can be redeemed against any orders placed on the night.** These are outline prices and do not include travel costs.

Membership

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The highlight of the year wasthe wine tour to Tuscany inSeptember – with our biggestturnout of 23 tourists at someof the world’s most iconicvineyards.

Our first visit was to the famous Frescobaldivineyard of Castello di Nipozzano. They areproducing a range of Chianti, Super Tuscan(IGT) and Brunello wines. The Frescobaldifamily are over 700 years old and aresteeped in history – with Nipozzano beingtheir main family home. After a tour of theCastello and cellars, we sat down for oneof the most impressive tastings the TDVhave ever experienced.

After an enjoyable overnight stay(where we drank fantastic CastellareChianti and Le Macchiole Paleo at dinner!)we headed to our morning tasting atAllegrini’s San Polo vineyard that weeventually managed to find near thefamous town of Montalcino. Head winemaker Riccardo Fratton walked us outaround the vines and then into their cellarsbefore a very interesting technical tastingof his wines.

After lunch in Montalcino, the tourmoved to the South West corner ofTuscany to the famed vineyard of Tua Rita –where we were shown around by thelovely Chiara, before a tasting with ownerand head winemaker Stefano Frascolla. Arelatively young winery of only 40 hectaresproducing world renowned winesincluding; Rosso dei Notri 2015, Perlato delBosco 2014 and Giusto di Notri 2015.

Our hotel on the west coast wasTombolo Talasso Resort in Marina diCastagneto Carducci, that interestingly isowned by the Antinori family for the firstof a two night stay. We walked into townfor dinner.

Day 3 of the tour was the final day’stasting in the famous sub-region ofBolgheri, home of the majority of SuperTuscan wines. We arrived for a 1030morning tasting at one of Allegrini’s othervineyards – Poggio al Tesoro. We had a tourof the vineyard with Valentina Martinelloand head winemaker Lorenzo Fortini.These wines we have been familiar with fora while as we have stocked them in theclub. After a tour of the vineyard, justavoiding the serious rain, we headed backinside for a fabulous and raucous tasting.

After our morning’s drinks party with

Poggio al Tesoro, we popped down theroad to Tenuta San Guido for lunch, wherethey make the famed Sassicaia. This was anexcellent lunch where we enjoyedGrattamaco Vermentino 2015, thenSassicaia’s second wine – Guidalberto 2014.

Saving the best until last, the touringparty made their way back down the roadto Ornellaia – one of the other vineyardsowned by the Frescobaldi family. We wereshown around by Irene Montano who hadan intimate knowledge of the Ornellaiawines, as well as an all-round appreciationof wines from all around the world.Ornellaia is simply vast and they have anincredible art collection in the winery. Aftera tour of some of their vineyards, winemaking facilities and cellars, we headed foran extensive tasting trying the followingwines; Poggio Alle Gazze 2015, Le Volte2015, Variazioni in Rosso dell’Ornellaia2015, Le Serre Nuove 2014 and Ornellaia2014. (we also enjoyed their grappa andolive oils.)

All in all, a very successful tour with asuperb touring party – a fine way to spendour 10th Anniversary tour.

2018 Tours As you will have seen, we plan to tour Loireand Bordeaux in May, then Champagneand Alsace in September. If you would liketo join in the fun, please emailevents@waudwineclub.comfor more information.

Tuscany Tour

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Away from Bordeaux EnPrimeur and also the winesthat are sold on our website,the Waud Wine Club haveaccess to some other ‘specialwines’ that are released onallocation.

We routinely take our annual allocations ofMas de Daumas Gassac and Paul Jaboulet,but this year we took some special smallallocations of some world famous SuperTuscans wines – Sassicaia and Ornellaia.

However, by far and away the mostsuccessful En Primeur campaign this yearwas for Chateau Beaucastel Coudoulet2016. We sold our full 20 case (12x75)allocation to Club members in under 24hours.

What is En Primeur?

This can also be known as Wine Futures.En Primeur is when you buy wines beforethey are bottled at the winery and arereleased onto the market. These wineprices are without Duty and VAT.

How does En Primeur work?

En Primeur wines are purchased beforebottling and are released onto the marketwhilst they are still at the vineyard. Winesthat are bought En Primeur are sold at ‘InBond’ prices – which means that they areexclusive of Duty & VAT.

When the wines are ready, they aretransported to the UK to our bondedwarehouse at Vinotheque in Burton onTrent. They will remain under bond untilyou are ready to have them delivered. Onlyat the point of delivery, will Duty and VATbe payable.

Why buy “En Primeur”?

The opening En Primeur price of fine winesis usually considerably less expensive thanthe future price of the wine on the openmarket. En Primeur can sometimes be theonly way to buy wines that are verypopular and have limited allocations.

What exactly do I pay?

As mentioned, the En Primeur price of thewine is exclusive of Duty and VAT (but itdoes actually include shipping andinsurance). When the wines arrive into theUK and are delivered into our bond, Dutyand VAT can be then be deferred further ifyou want to keep the wine in temperaturecontrolled conditions. This is highlyrecommended if you plan to re-sell yourwines in the future, as many buyers willneed to be convinced of the winesprovenance.

How much is Wine Duty?

£2.16 per 75cl bottle of still wine. (ex-vat)

£2.77 per 75cl bottle of sparkling wine.(ex-vat)

£2.89 per 75cl bottle of Port wine. (ex-vat)

UK VAT = 20% (applied after duty)Rates are subject to change by the

government at any time.

En Primeur WinesIn 2017, we completed ourthird campaign of BordeauxEn Primeur. This is anotherpart of our business thathas been rapidly growingyear on year.

After deciding not to invest in the ratheraverage 2013 vintage, we were rewardedfor our patience as 2014, 2015 and 2016delivered some of the great wines of recenttimes. It was especially rewarding as it is thefirst time since the 70s where there havebeen three years back to back of very high-quality vintages. We have secured goodallocations of premier wines such as LafiteRothschild, Mouton Rothschild, PontetCanet, Rauzan Segla, Chateau Canon andmore in each of the vintages.

After purchasing £180k of wine in the2014 campaign, we increased to £235k in2015, then to £310k in the 2016campaign.

Of course we have plans to expand thispart of our business this year with the 2017Bordeaux campaign, we look forward tovisiting Bordeaux on the Tour du Vin in May.

Investment Wine

Your questions answered…

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Corporate EventsBespoke tastings are apassion at Waud Wines, withlarge group tastings throughto small wine dinnersorganised all over Londonand the South East forcompanies and privateclients; it is our speciality.

We like to open the tastings with a coupleof glasses of fizz per person to wake up thetaste buds and ensure your guests are wellmixed and relaxed for the evening ahead.Choose from magnums of Mas de DaumasGassac Sparkling Rose, delicate Prosecco ortreat your guests to our houseChampagne. Once the evening is up andrunning we can provide a large range ofwines to showcase depending on yourpreference, theme and budget.

A standard wine tasting evening willinclude two white wines and four redwines, but the choice is yours, maybe you’dlike more wines, or perhaps you couldfinish the evening with dessert canapésand sweet wine, or a cheese and Portpairing?

The key to a successful tasting isensuring it is fun, informal and engagingand our flexible approach to eventsplanning will ensure that everyone invitedwill experience a relaxed and enjoyableevening with the best wine and in the bestcompany.

Corporate Wine Tastings have beenanother game changer for our businessover the last couple of years and we arepleased to have secured events withBarclays Corporate, Metzger (WWCMembers), the Pink Tie Club (WWCMembers), Mainspring FS and MacfarlanesLLP in the first few months of 2018.

If you would like Waud Wines to host abespoke event for your company, whetherit is a tasting, dinner or tour, please get intouch so we can discuss the options wehave available to you.events@waudwineclub.com