Holding(s) in Company

Blavod Black Vodka PLC
18 July 2002

Blavod Black Vodka plc ('the Company') announces that it received notification
today from Friends Ivory & Sime plc that the following client of Friends Ivory &
Sime plc has a revised notifiable interest in the Ordinary Shares of the Company
as detailed below:

Name of Client                       No. of Shares          % of Ordinary Shares
UK Smaller Companies                 940,000                6.36


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