Holding(s) in Company

Blavod Extreme Spirits PLC
23 January 2004


                   BLAVOD EXTREME SPIRITS PLC (the 'Company')

                                HOLDING IN COMPANY

The Company was informed on 22 January 2004 by Artemis Fund Managers Limited
that it was interested in 5,590,901 ordinary shares of 1p each in the Company
('Ordinary Shares'), representing 8.54 per cent. of the issued share capital of
the Company. The beneficial owner of the Ordinary Shares is Artemis Special
Situations.

23 January 2004


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