HISTORY. 1835: Foundation of the Company by Manuel M. Gonzalez. Still in family hands, now in 5th generation. 1844: Tio Pepe first sold in the UK

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GONZALEZ BYASS

1835: Foundation of the Company by Manuel M. Gonzalez. Still in family hands, now in 5th generation HISTORY 1844: Tio Pepe first sold in the UK 1855: The Byass family, distributors in the U.K., become shareholders of the Company 1870: Opening of the Bodega La Concha inspired in the designs of Gustav Eiffel

Between 1855 and 1865 the exports of the Company were the equivalent of 2% of all Spanish exports HISTORY 1936: TIO PEPE logo launched. Named after founder s uncle José Ángel de la Peña. 1970s: Las Copas vinification plant opened 1988: González family buy out Byass family. González family now own 97% of shares.

TIO PEPE is the number one selling Fino in the world TIO PEPE is sold in 104 countries around the world TIOPEPEwasnamedinhonourofthe founder s uncle Tio Jose Angel de la Peña (Uncle Joe) His uncle helped in the founding of the winery and the promotion of Fino wines TIO PEPE was the first registered trademark in Spain in 1936 TIO PEPE

D.O JEREZ XÉRÈS SHERRY

D.O JEREZ XÉRÈS SHERRY

D.O JEREZ XÉRÈS SHERRY SHERRY TRIANGLE Jerez de la Frontera Puerto de Santa María Sanlúcar de Barrameda

UNIQUE CLIMATIC CONDITIONS Average 300 days of sunshine per year. Mild winters (4ºC) and very hot summers (40ºC). 620 litres per m 2 average annual rainfall. Two predominant winds: poniente (west) fresh and humid; and levante (east), warm and dry.

PILLAR 1: ALBARIZA

ALBARIZA This soil typical to Jerez gives our wines life and their unique personality Albariza contains up to 60% chalk and therefore has a large capacity for maintaining moisture During the rainy season in Jerez the Albariza soil absorbs the rainwater which it will maintain to nurish the plant during the long hot summers Irrigation it totally prohibited in Jerez The only access to water that the plant has in what has been collected from the rainfall

ALBARIZA The white colour of the soil allows for an even maturation of the grape bunches as it reflects the sunlight up to the underside of the bunch The salinity of the soil adds a unique salty character to the Sherry wines, especially the Finos and Amontillados

PILLAR 2: GRAPE VARIETIES

GRAPE VARIETIES In Jerez only 3 grape varieties are allowedbythed.o.: Palomino Fino Pedro Ximénez Moscatel Palomino Fino accounts for 90% of the vineyards and is the foundation on which Jerez is built Both Pedro Ximénez and Moscatel and vinified only for sweet wines

SWEET VINIFICATION Pedro Ximénez and Moscatel are both white varieties In Jerez they are only used for sweet vinification and therefore undergo the soleo process Soleo The grapes are left slightly longer on the vine to mature more Once collected they are laid out on esparto mats in the vineyard to dry in the sun The grapes are left for 10 14 days The water evaporates (over 40%), sugar concentrates and the grape basically turns into a raisin As a result the wines produced are naturally dark in colour and high in sugar

PRESSING AND FERMENTATION 100 kg grapes = 70 litres of wine Only 70% of the must can be used for Sherry wines Gentle pressing to obtain the first must or mosto yema Fermentation in stainless steel tanks at controlled temperature (22 24º) Addition of selected natural yeasts to start fermentation Racking off in the last days of November

CLASSIFICATION 2 nf yema distillation 1 st yema

FORTIFICATION Palomino Base Wine: A white, totally dry wine Alcoholic content between 11 and13% vol. The palest, lightest wines (usually first yema) > FINO Fortified to 15,5% alc. Those wines with more body (usually second press) > OLOROSO Fortified to 18% alc. Fortification using pure grape spirit to increase the alcoholic strength of the wine

TYPES OF SHERRY WINES The different levels of alcohol determines the future ageing of the wines in cask At 15º alc. thewinekeepsthe flor Biological Ageing The flor protects the wine from oxidation Fortified to 17º alc. thewineloses the flor Oxidative Ageing Without the flor, thewineis exposed to oxidation

PILLAR 3: BIOLOGICAL AGEING

BIOLOGICAL AGEING Ageing under flor the miracle of a live wine This ageing is used only for Finos and Amontillados Once the wines have been fortified to 15,5% alc the flor will develop naturally on the surface of the wine The flor is made up of millions of colonies of the saccyromisis yeast strain A space of 100 litres is left in the cask to as to allow the flor room to grow and also access to oxygen to breath

BIOLOGICAL AGEING The flor is fundamental in the ageing of Finos as it influences in the three parts of the tasting: Visual The flor protects the wine from oxidisation and therefore it maintains its pale yellow colour Nose The time spent under flor attributes aromas of yeast, bread and bakery One of the roles of the flor is to oxidise alcohol to acetaldyhe. This gives a unique indescrible penetrating aroma to the Finos Palate To survive the yeast consumes the nutrients within the wine, one of which being glycerine which would give a sweet sensation This is consumed to less than 1g/l by the yeast therefore leaving the wine with a completely dry sensation

The Flor What is the flor? Film of yeast of the saccharomyces genus Not artificially cultivated Begins to form as small white curds, usually in the spring after fermentation. These increase in size until the surface is completely covered Effects of the flor Protects wine from oxidation Consumes residual sugars, dissolved oxigen, glycerine Produces acetaldehydes Which characterize the aroma of Finos Requirements for the flor to develop A large surface area in contact with the air Grape sugar must be fermented out Alcohol content between 15 15,5% abv Temperature as uniform as possible: importance of the cool Jerez bodegas

TIO PEPE Type: Fino Grape variety: 100% Palomino Ageing: Minimum 4 years biological ageing. Sugar: less than 1g/l Alcohol: 15% alc. Pale golden colour, clean and bright. Elegant with pungent aromas, almond notes and distinctive hints of the yeast. Perfect with tapas, seafood, fish, and Asian food. Always serve well chilled (5ºC)

VIÑA AB Type: Amontillado Grape variety: 100% Palomino Ageing: 4 years biological ageing, 8 years oxidative. Sugar: 3.5 g/l Alcohol: 16,5% alc. Dark golden in colour with aromas of almonds and the yeast, slight hints of the wood and a sality finish. On the palate dry and complex with hints of the wood and ageing under the yeast. An excellent aperitif. Also perfect with spìcy food, asparagus and artichoke. Serve chilled.

PILLAR 4: OXIDATIVE AGEING

OXIDATIVE AGEING This ageing is used only for Olorosos and Palo Cortados These wines are always fortified to above 17% alc The flor can only survive up to 16% alc therefore will not form on these wines The wines then age in complete contact with the oxygen 100 litre space is maintained within the cask so as to have a larger surface area of the wine in contact with the oxygen

OXIDATIVE AGEING Oxidative ageing is based on oxidatisation and alcholosis the extraction of the components of the American oak Due to oxidisation these wines take on a darker amber colour Onthenosethearomas of the grape variety and oak dominate. No aromas of yeast will be found On the palate these wines are dry however have a sweet sensation on the finish due to the fact that the flor has not consumed the glycerine

Type: Oloroso ALFONSO Grape variety: 100% Palomino Ageing: 8 years oxidative ageing. Sugar: 4 g/l Alcohol: 18% alc. Golden amber colour. Intense aromas with hints of wood and dried fruits. On the palate flavourful, balanced and persistent. Reminders of nuts with delicate touch of vanilla. Ideal with game, stews and red meat. Serve slightly chilled.

Type: Palo Cortado LEONOR Grape variety: 100% Palomino Ageing: 12 years oxidative ageing. Sugar: 4 g/l Alcohol: 20% alc. Amber colour with golden tones and ochre orange rim. Nutty aromas of toasted almonds, hazlenuts and mature wood on the nose. On the mouth powerful and persistent with toasted notes. Ideal with game, stews and red meat. Serve slightly chilled.

CRISTINA Type: Medium Grape variety: 87% Palomino, 13% Pedro Ximenez Ageing: 7 years oxidative ageing. Sugar: 40 g/l Alcohol: 17,5% alc. Bright amber in colour with clean aromas of raisins and wood. On the mouth slightly sweet with a long finish. Ideal with cheese or pate. Serve slightly chilled.

Type:Cream SOLERA 1847 Grapre varieties: 75% Palomino, 25% Pedro Ximenez Ageing: 8 years oxidative ageing. Sugar: 137 g/l Alcohol: 18% alc. Intense mahogany colour with aromas of raisins, vanilla and wood. On the palate is velvety, with sweet notes of figs raisins and touches of caramel and wood. Ideal as an aperitif with cheese or as a dessert wine with apple pie. Serve slightly chilled.

Type: Pedro Ximenez NECTAR Grape variety: 100% Pedro Ximenez Ageing: 8 years ageing Sugar: 380 g/l Alcohol: 15% alc. Very dark and intense mahogany colour. Sweet aromas of raisins and caramel with hints of wood. On the palate velvety and very sweet hints of mature raisins and dates. Long and lively finish. A dessert wine perfect with ice cream and chocolate. Serve slightly chilled.

PILLAR 5: SOLERA SYSTEM

SOLERA SYSTEM Dynamic process which involves a methodical blending of younger wines with older, more mature wines, based on the principle that the younger wines takes on the character of the older wine if properly blended Guarantees a consistent quality and characteristics of the wine year after year All Jerez wines follow the Solera System.

AGE INDICATION The Regulatory Council has created special categories of Sherry Wines with Age Indication: Minimum average 12 years Minimum average 15 years VOS: Minimum average 20 years VORS: Minimum average 30 + years