Holding(s) in Company

+--------------------------------------------------+
| TR-1: Notifications of Major Interests in Shares |
+--------------------------------------------------+

|                                               |                              |
|                                               |                              |
|1. Identity of the issuer or the underlying    |                              |
|issuer of existing shares to which voting      |Blavod Wines & Spirits PLC    |
|rights are attached:                           |                              |
+-----------------------------------------------+------------------------------+
|                                                                              |
|2. Reason for notification(yes/no)                                            |
+---------------------------------------------------------------------+--------+
|                                                                     |Yes     |
|An acquisition or disposal of voting rights                          |        |
+---------------------------------------------------------------------+--------+
|                                                                     |No      |
|An acquisition or disposal of 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):______________                                |        |
+----------------------------------+----------------------------------+--------+
|                                  |Redmayne Nominees Ltd a/c HOI2000R &       |
|3. Full name of person(s) subject |Redmayne Nominees                          |
|to notification obligation:       |Ltd a/c HOR2005P                           |
+----------------------------------+-------------------------------------------+
|                                  |I P M SIPP Administration                  |
|4. Full name of shareholder(s)(if |a/c  H Raymond                             |
|different from 3):                |& H Raymond (personal)                     |
+----------------------------------+-------------------------------------------+
|                                  |5th February 2010                          |
|5. Date of transaction(and date on|                                           |
|which the threshold is crossed or |                                           |
|reached if different):            |                                           |
+----------------------------------+-------------------------------------------+
|                                  |5th February 2010                          |
|6. Date on which issuer notified: |                                           |
+----------------------------------+-------------------------------------------+
|                                  |10.0%                                      |
|7. Threshold(s) that is/are       |                                           |
|crossed or reached:               |                                           |
+----------------------------------+-------------------------------------------+



















+------------------------------------------------------------------------------+
|8: Notified Details                                                           |
+------------------------------------------------------------------------------+
|A: Voting rights attached to shares                                           |
|                                                                              |
+-------------+-------------------+--------------------------------------------+
|Class/type of|Situation previous |Resulting situation after the triggering    |
|shares       |to the triggering  |transaction                                 |
|If possible  |transaction        |                                            |
|use ISIN code+---------+---------+--------+-----------------+-----------------+
|             |Number of|Number of|Number  |Number of voting |Percentage of    |
|             |shares   |voting   |of      |rights           |voting rights    |
|             |         |rights   |shares  +------+----------+------+----------+
|             |         |         |        |      |          |      |          |
|             |         |         |        |Direct|Indirect  |Direct|Indirect  |
+-------------+---------+---------+--------+------+----------+------+----------+
|                                                                              |
|Ordinary Shares  7,900,000            9.00             6,150,000              |
|8,780,000               0                      10.00                     0    |
|Of 1p each                                                                    |
|                                                                              |
|GB0030164023                                                                  |
|                                                                              |
+------------------------------------------------------------------------------+

+------------------------------------------------------------------------------+
|B: Financial Instruments                                                      |
|                                                                              |
+------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                          |
|                                                                              |
+-------------+-------------+--------------+----------------------+------------+
|Type of      |Expiration   |Exercise/     |No. of voting rights  |Percentage  |
|financial    |date         |conversion    |that may be acquired  |of voting   |
|instrument   |             |period/date   |(if the instrument    |rights      |
|             |             |              |exercised/converted)  |            |
+-------------+-------------+--------------+----------------------+------------+
|             |             |              |                      |            |
|             |             |              |                      |            |
+-------------+-------------+--------------+----------------------+------------+


+-------------------------------------------------------+
| Total (A+B)                                           |
|                                                       |
+-------------------------+-----------------------------+
| Number of voting rights | Percentage of voting rights |
+-------------------------+-----------------------------+
| 8,780,000               |   10.00%                    |
+-------------------------+-----------------------------+

















+------------------------------------------------------------------------------+
|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 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 10.00% is split between |
|                           |5,550,000 held in SIPP & 3,230,000 personally     |
+---------------------------+--------------------------------------------------+
|14 Contact name:           |Mr Richard Hoblyn,                                |
|                           |Redmayne-Bentley LLP                              |
+---------------------------+--------------------------------------------------+
|15. Contact telephone name:|01689-882121                                      |
|                           |                                                  |
+---------------------------+--------------------------------------------------+




[HUG#1381355]