Holding(s) in Company

+--------------------------------------------------+
| TR-1: Notifications of Major Interests in Shares |
+--------------------------------------------------+

|                                             |                                |
|                                             |                                |
|1. Identity of the issuer or the underlying  |                                |
|issuer of existing shares to which voting    |Blavod Wines & Spirits PLC      |
|rights are attached:                         |                                |
+---------------------------------------------+--------------------------------+
|                                                                              |
|2. Reason for notification (yes/no)                                           |
+------------------------------------------------------------------------+-----+
|                                                                        |Yes  |
|An acquisition or disposal of voting rights                             |     |
+------------------------------------------------------------------------+-----+
|                                                                        |No   |
|An acquisition or disposal of financial instruments which may result in |     |
|the acquisition of shares already issued to which voting rights are     |     |
|attached                                                                |     |
+------------------------------------------------------------------------+-----+
|                                                                        |No   |
|An event changing the breakdown of voting rights                        |     |
+------------------------------------------------------------------------+-----+
|                                                                        |No   |
|Other (please specify):______________                                   |     |
+---------------------------------+--------------------------------------+-----+
|                                 |Redmayne Nominees Ltd a/c HOI2000R &        |
|3. Full name of person(s) subject|Redmayne Nominees                           |
|to notification obligation:      |Ltd a/c HOR2005P                            |
+---------------------------------+--------------------------------------------+
|                                 |I P M SIPP Administration                   |
|4. Full name of shareholder(s)   |a/c  H Raymond                              |
|(if different from 3):           |& H Raymond (personal)                      |
+---------------------------------+--------------------------------------------+
|                                 |14(th) December 2009                        |
|5. Date of transaction (and date |                                            |
|on which the threshold is crossed|                                            |
|or reached if different):        |                                            |
+---------------------------------+--------------------------------------------+
|                                 |14(th) December 2009                        |
|6. Date on which issuer notified:|                                            |
+---------------------------------+--------------------------------------------+
|                                 |9.0%                                        |
|7. Threshold(s) that is/are      |                                            |
|crossed or reached:              |                                            |
+---------------------------------+-----------+--------------------------+-----+
                                  |           |                          |



+------------------------------------------------------------------------------+
|8: Notified Details                                                           |
+------------------------------------------------------------------------------+
|A: Voting rights attached to shares                                           |
|                                                                              |
+-------------+------------------+---------------------------------------------+
|Class/type of|Situation previous|Resulting situation after the triggering     |
|shares       |to the triggering |transaction                                  |
|If possible  |transaction       |                                             |
|use ISIN code+----------+-------+----------+------------------+---------------+
|             |Number of |Number |Number of |Number of voting  |Percentage of  |
|             |shares    |of     |shares    |rights            |voting rights  |
|             |          |voting |          +---------+--------+------+--------+
|             |          |rights |          |         |        |      |        |
|             |          |       |          |Direct   |Indirect|Direct|Indirect|
+-------------+----------+-------+----------+---------+--------+------+--------+
|Ordinary     |7,050,000 |8.03   |6,150,000 |7,900,000|0       |9.00  |0       |
|Shares       |          |       |          |         |        |      |        |
|Of 1p each   |          |       |          |         |        |      |        |
|             |          |       |          |         |        |      |        |
|GB0030164023 |          |       |          |         |        |      |        |
|             |          |       |          |         |        |      |        |
+-------------+----------+-------+----------+---------+--------+------+--------+


+------------------------------------------------------------------------------+
|B: Financial Instruments                                                      |
|                                                                              |
+------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                          |
|                                                                              |
+-------------+-------------+--------------+----------------------+------------+
|Type of      |Expiration   |Exercise/     |No. of voting rights  |Percentage  |
|financial    |date         |conversion    |that may be acquired  |of voting   |
|instrument   |             |period/date   |(if the instrument    |rights      |
|             |             |              |exercised/converted)  |            |
+-------------+-------------+--------------+----------------------+------------+
|             |             |              |                      |            |
|             |             |              |                      |            |
+-------------+-------------+--------------+----------------------+------------+


+-------------------------------------------------------+
| Total (A+B)                                           |
|                                                       |
+-------------------------+-----------------------------+
| Number of voting rights | Percentage of voting rights |
+-------------------------+-----------------------------+
| 7,900,000               |   9.00%                     |
+-------------------------+-----------------------------+





+------------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and /or   |
|the financial instruments are effectively held, if applicable:                |
+------------------------------------------------------------------------------+
|                                                                              |
+------------------------------------------------------------------------------+

+------------------------------------------------------------------------+
| Proxy Voting:                                                          |
|                                                                        |
+------------------------------------------------------------------+-----+
| 10. Name of proxy holder:                                        | n/a |
|                                                                  |     |
+------------------------------------------------------------------+-----+
| 11. Number of voting rights proxy holder will cease to hold:     | n/a |
|                                                                  |     |
+------------------------------------------------------------------+-----+
| 12. Date on which proxy holder will cease to hold voting rights: | n/a |
|                                                                  |     |
+------------------------------------------------------------------+-----+

+---------------------------+--------------------------------------------------+
|13. Additional information:|Mr H Raymond’s holding of 9.00% is split between  |
|                           |5,550,000 held in SIPP & 2,350,000 personally     |
+---------------------------+--------------------------------------------------+
|14 Contact name:           |Mr Richard Hoblyn,                                |
|                           |Redmayne-Bentley LLP                              |
+---------------------------+--------------------------------------------------+
|15. Contact telephone name:|01689-882121                                      |
|                           |                                                  |
+---------------------------+--------------------------------------------------+


[HUG#1363071]