Tranche Update on Baron de Ley, S.A.'s Equity Buyback Plan announced on June 30, 2010.

Baron de Ley SA is a Spain-based company engaged in the wine industry. The Company's main activities include farming, production, ageing and sale of red, white and pink wines. The Company provides also sales of canned and cured pork products, as well as guided visits to one of its museums. Its facilities are located in a cultivable land located in Navarra. The Company is a parent of Grupo Baron del Ley, a group which comprises such a number of controlled entities as El Coto de Rioja SA, Bodegas Maximo SL, Bodegas El Meson SL, Inversiones Coto de Rioja SL, Vinedos Baron de Ley SL, Finca Museum SL and Dehesa Baron de Ley SL, among others. In addition, the Company distributes its products in Europe, North and South America and Asia.