Cancellation of Share Premium Account

Blavod Extreme Spirits PLC ("The Company") CANCELLATION OF SHARE PREMIUM ACCOUNT 30 March 2009 The Company announces that the High Court of Justice has consented to the cancellation of the share premium account ("SPA"), which was approved by shareholders at the last annual general meeting in July 2008. Cancellation of the £18.489 million in the SPA has significantly reduced the accumulated loss on the profit and loss account in both the consolidated balance sheet and parent company balance sheet which stood at £18.583 million and £19.964 million respectively at the last year end, 31 March 2008. The Company's business continues on previous trends and an announcement of results for the year ending 31 March 2009 will be made in the last days of May. For further information, please contact: Blavod Extreme Spirits plc Richard Ambler (Managing Director) 0207 352 2096 Brewin Dolphin (Nominated Adviser) Neil Baldwin/Alison Barrow 0845 270 8600 ENDS This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

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