Report from the 2024 harvest. Warm weather and strong harvest.

"We harvest the grapes in Testament Winery's organic vineyard by hand. This year's harvest amounted to 235 tons, which is an increase of 27% compared to the previous year. It was a relatively warm summer and the new irrigation system made it possible for the vines to provide strong yields. We are very happy to see that the most recently planted four hectares with the grapes tribidrag and lasina now are starting to provide us with vintages to be enjoyed a few years from now. We are looking forward to presenting the wines to the wine lovers of the world," says Robert Karlsson, CEO of Zhoda Investments.

Zhoda Investments' two wineries Testament Winery and Black Island Winery have since 2017 established a wide portfolio of wines in three segments: entry level, medium and premium. Over 150 restaurants, among them several awarded with a Michelin Star, serve the wines on the Croatian market. The portfolio of close to 20 wines are all made from local Dalmatian grapes. As many as seven different grape varieties grow in Testament Winery's 50-hectare vineyard. This allows the winery to meet the demand from modern wine consumers by presenting a wide array of wines made on local grapes in different price categories.

It is the wineries' objective to step-by-step increase sales of the premium wines as and attract more guests to the tasting facilities at the wineries where the highest margins can be reached.

Wine club Testament Vänner

All Swedish wine lovers can follow Croatia's first Swedish winery's journey towards creating Croatia's best wine by joining the wine club Testament Vänner. Application for a free membership can be made on www.testamentvanner.com.

Photos from the harvest

Attached to this press release you will find photos from the harvest.

For more information, please contact:
Robert Karlsson, CEO Zhoda Investments AB
+46 709 565 141
[email protected]
www.zhodainvestments.com

About Zhoda Investments
Zhoda Investments invests in selected unlisted European ventures and drives growth and profitability through active ownership and an entrepreneurial approach. In the coastal region of Dalmatia in Croatia, Zhoda owns and manages Testament Winery and Black Island Winery. Based on indigenous organic grapes and a two-thousand-year-old wine tradition, it is Zhoda's award-winning winemakers' objective to create Croatia's best wine and to become the country's leading exporter of premium wines. The vision is to reach a production of one million bottles per year. The group also holds a 45 per cent interest in the Lelyaki oil field in Ukraine with 2P proven and probable oil reserves of 8 million barrels net to the company. Zhoda Investments is actively pursuing new investments. For more information, visit www.zhodainvestments.com.

This is an English translation of the Swedish original. In case of discrepancies, the Swedish original shall prevail.