AGM Statement

Blavod Extreme Spirits PLC
18 July 2006


                                                                    18 July 2006


                           Blavod Extreme Spirits PLC


                                 AGM Statement


Colin Campbell, Chairman of Blavod Extreme Spirits PLC ('the Company' or
'Blavod'), will make the following comments on current trading at the Company's
Annual General Meeting being held today at 3.00pm.


'Our brands across the portfolio have performed strongly in the first quarter
with revenue in the US ahead over 63% and revenue in the UK ahead over 47% of
the same period last year.


As we stated in our June preliminary results announcement, Blavod Extreme
Spirits had a good year in the twelve months ended 31 March 2006 with strong
sales growth, improved margins, significant reduction in operating loss and
continued expansion of our portfolio of brands.


Specifically, sales grew by 72% to £5.4m compared to £3.1m in the previous year,
with gross margins improving to 31.2% in 2005/6, whilst shipments grew by 51.4%.
The company continued investing heavily in brand marketing and sales resources
in the US and the UK.


As a result of our marketing and promotional efforts, Blavod Black Vodka and
Players Extreme continue to show very strong growth. Additionally, the brands
with which we have exclusive agency agreements, in particular, Mickey Finn's and
Molinari in the UK and Baroncini in the US, continue to be successful.


El Diamante del Cielo tequilas, produced by the the joint venture we established
with Suntory International Corporation, have been very well received and are now
distributed in 42 states in the United States.


From July 1st, the company has an exclusive agency agreement with Cockspur Rum
in the UK and has already achieved significant new distribution.


The prospects for 2006/7 are good. With attractive brands, a focused and
determined management group, supported by a sales team with proven results, we
expect a good year. The Board is pleased with the progress we're making as we
continue to build for the future.'


Colin Campbell
Chairman



Enquiries:


Blavod Extreme Spirits PLC   Jeff Hopmayer, Chief Executive   001 615 771 9111
                             Tony Murphy, Finance Director


Brewin Dolphin                Mark Brady                      011 3241 0129
                              Keith Williams                  011 3241 0186


Cardew Group                  Tim Robertson                   020 7930 0777
                              Catherine Maitland


Background on Blavod Extreme Spirits

Blavod Extreme Spirits, plc (LSE: BES), is an international spirits company
based in London with U.S. offices in Franklin, Tennessee.  Formed by the 2003
merger of Blavod Black Vodka plc and Extreme Beverage Company, Blavod Extreme
Spirits produces and sells its black-colored vodka, aptly called Blavod,
throughout the world.  BES also produces and sells the award-winning, intensely
flavored line of Players Extreme vodkas and rums. In the United States, BES is
the exclusive distributor of an elite wine portfolio of fine Italian wines, as
well as the award winning El Diamante del Cielo tequilas.  For more information
on the company, please visit:  www.blavodextreme.com.







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