Issue of Equity

Blavod Extreme Spirits PLC
16 December 2005


Blavod Extreme Spirits plc ('The Company')

16 December 2005

Issue of Equity

The Board is pleased to announce that today, pursuant to the agreement entered
into with Headstart Group of Funds which was announced on 29 November 2005, the
Company has issued and allotted 590,621 new ordinary shares of 1p each for cash
at a price of 25.4125p per new ordinary share.

Application will be made for the new ordinary shares to be admitted to AIM as
soon as practicable.

Enquiries:

Jeff Hopmayer , Blavod               001 615 771 911

Mark Brady, Brewin Dolphin           0113 241 0129

Tim Robertson, Cardew Group          020 7930 0777


ENDS



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