The last raise funded the acquisition and construction of our new distillery beside Whitby Abbey.

This raise is focused on completing the fit-out and visitor experience, including the shop, tours and tasting spaces, as well as launching our new whisky project in partnership with Whitby Brewery.

Since the last raise, the business has also continued to grow, with sales up by 37% and the distillery build now well underway.

Investors will receive ordinary dividend-bearing shares, carrying full rights with respect to voting, dividends and distributions.

Whitby Distillery was founded by Luke Pentith and Jessica Slater, who remain the majority shareholders and active operators of the business.

Following our 2024 crowdfunding round, the shareholder structure includes:

• Luke Pentith – 46.85%
• Jessica Slater – 46.85%
• Seedrs Nominee (representing 666 investors) – 6.3%

Whitby Distillery was initially funded through Luke and Jess’ personal savings and reinvested profits.

In 2024, we completed a successful Seedrs raise of £638,554 from 666 investors, alongside bank lending from Virgin Money to support development of the Abbey Lands Distillery.

The business has remained profitable since launch and continues to reinvest earnings into growth.

The first round enabled us to secure the site and begin development of the Abbey Lands Distillery.

This second round supports the next phase of the project, including completing key areas of the build and developing the visitor experience — unlocking the full commercial potential of the site.

We are raising from a position of strength, with growing revenues, strong margins, strong balance sheet and a clear growth plan.

Funds raised will support:

• Completion of key stages of the Abbey Lands distillery build
• Visitor experience areas including tours and retail
• Expansion of production capacity
• Working capital to support continued growth

This investment helps transform Whitby Distillery into a destination distillery combining production, retail and tourism.

Whitby Distillery has been profitable since launch and has grown consistently.

Key highlights include:

• £1.62M Gross revenue for year ending Feb 2026 • 36% compound annual growth rate since 2017• 390,000+ bottles produced to date• 18,000+ direct customers nationwide

Whitby Distillery has already demonstrated strong growth, brand loyalty and profitability.

The new distillery represents a major inflection point, enabling us to expand production, grow direct-to-consumer sales and welcome visitors to the distillery for the first time.

We believe this creates a significant opportunity for the next phase of growth.

Investment markets have become more cautious in recent years.

While the business has continued to grow strongly, we believe it is important to reflect current market conditions responsibly in our valuation.

The valuation will be displayed on the campaign page when launched and is supported by our trading performance, profitability and clear growth trajectory.

For existing investors, the updated value of their holdings will be displayed on their Seedrs portfolio page.

As of March 2026, the business has a directors loan balance of £1088 owed to the directors of the business.

No. Funds raised in this round will not be used to repay debt.

The capital will instead support the completion and growth of the distillery project.

Whisky is part of our long-term vision.

Our immediate focus is completing the distillery development and continuing to strengthen our gin, rum and vodka portfolio. However, the new distillery will provide the infrastructure to begin whisky production.

Equity investments are long-term by nature. Potential exit routes may include:

• Sale of shares through the Seedrs secondary market
• Acquisition by a larger entity.
• Strategic investment or refinancing event

The company also plans to issue dividends annual which investors will be entitled to.

Seedrs operates a secondary market, allowing investors to list shares for sale during liquidity windows.

Dividends may be paid when the business has surplus cash beyond the requirements for growth investment.

Investors will receive regular updates through:

• The Seedrs investor portal
• Company newsletters
• Invitations to special events at the distillery

We expect to provide updates at least quarterly.

The investment will allow us to develop our premium, enchanting experience and product offering. We aim to grow our sales volumes, but our focus is not on supermarkets or the mass market. Instead, we are committed to premium listings and direct-to-consumer growth.