Holding(s) in Company

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

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

+------------------------------------------------------------------------------+
|2 Reason for the notification (please tick the appropriate box or boxes):     |
+---------------------------------------------------------------------------+--+
|                                                                           |  |
|An acquisition or disposal of voting rights                                | X|
+---------------------------------------------------------------------------+--+
|                                                                           |  |
|An acquisition or disposal of qualifying financial instruments which may   |  |
|result in the acquisition of shares already issued to which voting rights  |  |
|are attached                                                               |  |
+---------------------------------------------------------------------------+--+
|                                                                           |  |
|An acquisition or disposal of instruments with similar economic effect to  |  |
|qualifying financial instruments                                           |  |
+---------------------------------------------------------------------------+--+
|                                                                           |  |
|An event changing the breakdown of voting rights                           |  |
+---------------------------------------------------------------------------+--+
|                                                                           |  |
|Other (please specify):                                                    |  |
+---------------------------------------------------------------------------+--+

+-----------------------------------------+------------------------------------+
|3. Full name of person(s) subject to the |    SF T1ps Smaller Companies Growth|
|notification obligation:                 |                                Fund|
|                                         |                                    |
+-----------------------------------------+------------------------------------+
|4. Full name of shareholder(s) (if       |                                    |
|different from 3.):                      |                                    |
|                                         |                                    |
+-----------------------------------------+------------------------------------+
|5. Date of the transaction and date on   |                  23rd February 2011|
|which the threshold is crossed or        |                                    |
|reached:                                 |                                    |
|                                         |                                    |
+-----------------------------------------+------------------------------------+
|6. Date on which issuer notified:        |                  24th February 2011|
|                                         |                                    |
+-----------------------------------------+------------------------------------+
|7. Threshold(s) that is/are crossed or   |                                 10%|
|reached:                                 |                                    |
|                                         |                                    |
+-----------------------------------------+------------------------------------+

+------------------------------------------------------------------------------+
|8. Notified details:                                                          |
+------------------------------------------------------------------------------+
|A: Voting rights attached to shares                                           |
|                                                                              |
+------------+-------------------+---------------------------------------------+
|Class/type  |Situation previous |Resulting situation after the triggering     |
|of          |to the triggering  |transaction                                  |
|shares      |transaction        |                                             |
|            +---------+---------+---------+------------------+----------------+
|if possible |Number   |Number   |Number   |Number of voting  |% of  voting    |
|using       |of       |of       |of shares|rights            |rights          |
|the ISIN    |Shares   |Voting   +---------+---------+--------+------+---------+
|CODE        |         |Rights   |Direct   |Direct   |Indirect|Direct|Indirect |
+------------+---------+---------+---------+---------+--------+------+---------+
|            |         |         |         |         |        |      |         |
|            |8,774,000|8,774,000|9,299,000|9,299,000|        |10.59 |         |
|            |         |         |         |         |        |      |         |
+------------+---------+---------+---------+---------+--------+------+---------+

+-------------------------------------------------------------------------+
|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.|           |
|                 |          |          |                     |           |
+-----------------+----------+----------+---------------------+-----------+
|                 |          |          |                     |           |
+-----------------+----------+----------+---------------------+-----------+

+------------------------------------------------------------------------------+
|C: Financial Instruments with similar economic effect to Qualifying Financial |
|Instruments                                                                   |
+------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                          |
|                                                                              |
+---------------+--------+----------+----------+--------------+----------------+
|Type of        |Exercise|Expiration|Exercise/ |Number of     |% of voting     |
|financial      |price   |date      |Conversion|voting        |rights          |
|instrument     |        |          |period    |rights        |                |
|               |        |          |          |instrument    |                |
|               |        |          |          |refers to     |                |
+---------------+--------+----------+----------+--------------+-------+--------+
|               |        |          |          |              |Nominal| Delta  |
|               |        |          |          |              |       |        |
|               |        |          |          |              +-------+--------+
|               |        |          |          |              |       |        |
+---------------+--------+----------+----------+--------------+-------+--------+

+-------------------------------------------------------+
| Total (A+B+C)                                         |
|                                                       |
+-------------------------+-----------------------------+
| Number of voting rights | Percentage of voting rights |
+-------------------------+-----------------------------+
| 9,299,000               | 10.59%                      |
+-------------------------+-----------------------------+

+------------------------------------------------------------------------------+
|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:                                    |   |
|                                                                  |   |
+------------------------------------------------------------------+---+
| 11. Number of voting rights proxy holder will cease to hold:     |   |
|                                                                  |   |
+------------------------------------------------------------------+---+
| 12. Date on which proxy holder will cease to hold voting rights: |   |
|                                                                  |   |
+------------------------------------------------------------------+---+

+-------------------------------+---------------+
| 13. Additional information:   |               |
|                               |               |
+-------------------------------+---------------+
| 14. Contact name:             |  Nick Woolard |
|                               |               |
+-------------------------------+---------------+
| 15. Contact telephone number: | 01624 641 305 |
|                               |               |
+-------------------------------+---------------+







This announcement is distributed by Thomson Reuters on behalf of 
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(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Blavod Wines & Spirits plc via Thomson Reuters ONE

[HUG#1492503]