Remy Cointreau : Issuing of an OCEANE due 2026

Paris, 31 August 2016

RÉMY COINTREAU LAUNCHES AN OFFERING OF BONDS CONVERTIBLE INTO NEW SHARES AND/OR EXCHANGEABLE FOR EXISTING SHARES ("OCEANES") DUE 2026 FOR AN AMOUNT OF APPROXIMATELY EUR 275 MILLION

Rémy Cointreau S.A. ("Rémy Cointreau" or the "Company"), a leading operator of the global wine and spirit market, announces the launch today of a private placement to institutional investors, of bonds convertible into new shares and/or exchangeable for existing shares (the "OCEANEs"), maturing on 7 September 2026 for a nominal amount of approximately EUR 275 million.

The offering of OCEANEs is notably made for the refinancing of the EUR 205 million bonds issued in 2010 and maturing in December 2016 as well as for the general financing purposes of the Company.

The nominal value per OCEANE will represent an issue premium of between 35% and 45% over the reference share price1 of the Company's shares on the regulated market of Euronext in Paris.

The holders of OCEANEs (the "Bondholders") will be granted a conversion right of the OCEANEs into new and/or existing Rémy Cointreau shares with an initial conversion ratio of one share per OCEANE, subject to future adjustments.

1 The reference share price will be equal to the volume-weighted average trading price of Rémy Cointreau's shares on the regulated market of Euronext in Paris as from the opening of trading on 31 August 2016 until the final terms of the OCEANEs are determined on the same day.

The OCEANEs will bear interest at an annual nominal rate of between 0.00% and 0.25% payable annually in arrears on 7 September of each year (or the following business day if this date is not a business day), and for the first time on 7 September 2017 (or on the following business day if this date is not a business day).

The OCEANEs will be issued at par on 7 September 2016, the expected date for the settlement and delivery of the OCEANEs, and will be redeemed at par on 7 September 2026. Under certain conditions, the OCEANEs may be redeemed early at the option of Rémy Cointreau. In particular, the OCEANEs may be redeemed early at the option of the Company from 30 September 2021 if the arithmetic average of the products of the opening share price of Rémy Cointreau's shares on the regulated market of Euronext in Paris and the then prevailing conversion ratio (over a 20 trading day period) exceed 130% of the nominal value of the OCEANEs. In addition, every Bondholder will have the option to ask for repayment of the OCEANEs on 7 September 2023 or if a change of control of the Company occurs, at their nominal value plus accrued interest.

For illustrative purpose, when considering an offering of OCEANEs for a maximum amount of approximately EUR 275 million, a nominal value of EUR 112.58 per OCEANE (calculated on the basis of a reference share price corresponding to a EUR 82.42 closing share price on 30 August 2016 and a 40% issue premium corresponding to the issue premium mid-range), dilution would approximately represent 5.0% of the outstanding share capital, should the Company decide to exclusively deliver new shares upon conversion at maturity.

The placement will be conducted in accordance with Article L.411-2 II of the French Monetary and Financial Code (Code monétaire et financier), as per the twentieth authorization granted by the Company's extraordinary general meeting held on 26 July 2016, through a private placement in France and/or outside France, excluding the United States of America, Canada, Australia and Japan.

Existing shareholders of Rémy Cointreau have no preferential subscription rights (or priority rights) with respect to the OCEANEs or the underlying shares.

The offering of OCEANEs is not subject to a prospectus approved by the French Financial Market Authority (Autorité des marchés financiers - AMF). Detailed information on Rémy Cointreau, including its business, results, prospects and related risk factors are described in the Company's reference document filed with the AMF on 27 June 2016 under the number D.16-0639, which is available together with all the press releases and other regulated information about the Company, on the Company's website (www.remy-cointreau.com). The

final terms of the OCEANEs are expected to be determined today and the settlement and delivery is expected to take place on 7 September 2016.

An application for the listing of the OCEANEs on the Open Market ("Freiverkher") of the Frankfurt Stock Exchange will be made. Such listing will occur within 1 month after the issue date expected to occur on 7 September 2016.

In the context of the offering, Rémy Cointreau will agree to a lock-up undertaking ending 90 calendar days after the settlement and delivery date of the OCEANEs, subject to certain exceptions or to the prior agreement of the Global Coordinators and Joint Bookrunners (as defined below).

The Company has received no indication from its shareholders nor from investors on potential intentions to subscribe to the Offering.

This press release does not constitute or form part of any offer or solicitation to purchase or subscribe for or to sell securities and the offering of the OCEANEs is not a public offering in any jurisdiction including France.

About Rémy Cointreau

The Rémy Cointreau Group is a leading operator in the global Wine & Spirits market with sales of

€1,050.7 million for the year ended 31 March 2016 and approximately 1,800 employees. Rémy Cointreau, whose origins in the Charente region date back to 1724, is the result of the merger in 1990 of the holding companies of the Hériard Dubreuil and Cointreau families, which controlled E. Rémy Martin & Cie SA and Cointreau & Cie SA respectively. It owns a portfolio of global, upmarket brands, including the Rémy Martin and Louis XIII cognacs, the Cointreau and Passoã liqueurs as well as the Metaxa, Mount Gay, St-Rémy, Bruichladdich and The Botanist spirits. Rémy Cointreau is listed on NYSE Euronext Paris.

Contacts

Contact: Laetitia Delaye - [phone]

Important Information

This press release may not be published, distributed or released directly or indirectly in the United States of America, Canada, Australia or Japan.

No communication or information relating to the issuance of the OCEANEs may be transmitted to the public in a country where there is a registration obligation or where an approval is required. No action has been or will be taken in any country in which such registration or approval would be required. The issuance or the subscription of the OCEANEs may be subject to legal and regulatory restrictions in certain jurisdictions. Rémy Cointreau assumes no liability in connection with the breach by any person of such restrictions.

This press release is an advertisement and not a prospectus within the meaning of Directive 2003/71/EC of the European Parliament and the Council of 4 November 2003 as amended, as implemented in each member state of the European Economic Area (the "Prospectus Directive").

This press release is not, and shall not be viewed as, an offer to the public, an offer to subscribe or designed to solicit interest for purposes of an offer to the public in any jurisdiction, including France.

The OCEANEs will be offered only by way of a private placement in France and/or outside France (excluding the United States of America, Canada, Australia or Japan) to qualified investors, without an offer to the public in any country (including France).

European Economic Area

With respect to the Member States of the European Economic Area which have implemented the Prospectus Directive (the "Relevant Member States"), no action has been undertaken or will be undertaken to make an offer to the public of the OCEANEs requiring a publication of a prospectus in any Relevant Member State. As a result, the OCEANEs may only be offered in Relevant Member States:

1. to any legal entity which is a qualified investor as defined in the Prospectus Directive;

2. to fewer than 150 natural or legal persons (other than qualified investors as defined in the Prospectus Directive); or

3. in any other circumstances falling within Article 3(2) of the Prospectus Directive.

For the purposes of this paragraph, (i) the expression "offer to the public of OCEANEs" in any Relevant Member State, means any communication, to individuals or legal entities, in any form and by any means, of sufficient information on the terms and conditions of the