Holding(s) in Company

+------------------------------------------------+
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
+------------------------------------------------+



+---------------------------------------------------+--------------------------+
|1. Identity of the issuer or the underlying issuer |Blavod Wines & Spirits PLC|
|of existing shares to which voting rights are      |                          |
|attached:                                          |                          |
+---------------------------------------------------+--------------------------+



+------------------------------------------------------------------------------+
|2 Reason for the notification (yes/no):                                       |
+-------------------------------------------------------------------------+----+
|                                                                         |    |
|An acquisition or disposal of voting rights                              | Yes|
+-------------------------------------------------------------------------+----+
|                                                                         |    |
|An acquisition or disposal of qualifying 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):|                                                 | No |
+-----------------------+-------------------------------------------------+----+



+---------------------------------------+--------------------------------------+
|3. Full name of person(s) subject to   |Redmayne Nominees Ltd a/c HOI2000R &  |
|the notification obligation:           |Redmayne Nominees Ltd a/c HOR2005P    |
|                                       |                                      |
+---------------------------------------+--------------------------------------+
|4. Full name of shareholder(s) (if     |I P M SIPP Administration a/c H       |
|different from 3.):                    |Raymond & H Raymond (personal)        |
|                                       |                                      |
+---------------------------------------+--------------------------------------+
|5. Date of the transaction (and date on| 9(th) May 2011                       |
|which the threshold is crossed or      |                                      |
|reached if different):                 |                                      |
|                                       |                                      |
+---------------------------------------+--------------------------------------+
|6. Date on which issuer notified:      | 9(th) May 2011                       |
|                                       |                                      |
+---------------------------------------+--------------------------------------+
|7. Threshold(s) that is/are crossed or | 14.0%                                |
|reached:                               |                                      |
|                                       |                                      |
+---------------------------------------+--------------------------------------+





+------------------------------------------------------------------------------+
|8. Notified details:                                                          |
+------------------------------------------------------------------------------+
|A: Voting rights attached to shares                                           |
|                                                                              |
+-------------+-----------------+----------------------------------------------+
|Class/type of|Situation        |Resulting situation after the triggering      |
|shares       |previous         |transaction                                   |
|             |to the triggering|                                              |
|if possible  |transaction      |                                              |
|using        +----------+------+----------+-------------------+---------------+
|the ISIN CODE|Number    |Number|Number    |Number of voting   |% of  voting   |
|             |of        |of    |of shares |rights             |rights         |
|             |Shares    |Voting+----------+----------+--------+------+--------+
|             |          |Rights|Direct    |Direct    |Indirect|Direct|Indirect|
+-------------+----------+------+----------+----------+--------+------+--------+
|GB0030164023 |          |      |          |          |        |      |        |
+-------------+11,750,000|13.39 |12,290,000|12,290,000|   0    |14.00 |   0    |
|             |          |      |          |          |        |      |        |
+-------------+----------+------+----------+----------+--------+------+--------+



+-------------------------------------------------------------------------+
|B: Qualifying Financial Instruments                                      |
+-------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                     |
|                                                                         |
+-----------------+----------+----------+---------------------+-----------+
|Type of financial|Expiration|Exercise/ |Number of voting     |% of voting|
|instrument       |date      |Conversion|rights that may be   |rights     |
|                 |          |Period    |acquired if the      |           |
|                 |          |          |instrument is        |           |
|                 |          |          |exercised/ converted.|           |
|                 |          |          |                     |           |
+-----------------+----------+----------+---------------------+-----------+
|                 |          |          |                     |           |
+-----------------+----------+----------+---------------------+-----------+



+-------------------------------------------------------+
| Total (A+B+C)                                         |
|                                                       |
+-------------------------+-----------------------------+
| Number of voting rights | Percentage of voting rights |
+-------------------------+-----------------------------+
| 12,290,000              | 14.00%                      |
+-------------------------+-----------------------------+



+------------------------------------------------------------------------------+
|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 the 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 14.00% is split       |
|                             |between 5,550,000 held in SIPP & 6,740,000      |
|                             |personally                                      |
+-----------------------------+------------------------------------------------+
|14. Contact name:            |Richard Hoblyn Redmayne-Bentley LLP             |
|                             |                                                |
+-----------------------------+------------------------------------------------+
|15. Contact telephone number:|01689-882121                                    |
|                             |                                                |
+-----------------------------+------------------------------------------------+







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Source: Blavod Wines & Spirits plc via Thomson Reuters ONE

[HUG#1513775]