Press Release: February 14, 2000

WR Hambrecht + Co Initiates Coverage of Robert Mondavi (MOND) with Market Outperform

Premium wine maker likely to benefit from baby boomer growth and the “wealth effect”

San Francisco, CA, February 14, 2000—

WR Hambrecht + Co, the online investment bank, today initiated research coverage on Robert Mondavi (MOND) with a Market Outperform rating. In her report, WR Hambrecht + Co’s eTailing/Consumer Brands analyst Kristine Koerber cited Mondavi’s brand recognition and industry position as key reasons for the rating. WR Hambrecht + Co offers all its research reports free and real-time at www.wrhambrecht.com.

“The aging of 80 million baby boomers should produce healthy demand for premium wines like Robert Mondavi in the coming years,” Koerber said. Koerber added she projects annual earnings growth of 13-15 percent for Mondavi.

Koerber projects Mondavi’s total revenues will reach $414.9 million in 2000 and $465.7 million in 2001, up from 1999 earnings of $370.6 million.

The Robert Mondavi Corp produces and markets premium table wines under the labels Robert Mondavi Napa Valley, La Famiglia di Robert Mondavi, Robert Mondavi Coastal, Woodbridge by Robert Mondavi, Byron Vineyard & Winery and Vichon Mediterranean.