Shareholding notification

Blavod Black Vodka PLC
30 April 2003



Blavod Black Vodka PLC ('the Company') announces that it received notification
on 28 April 2003 from ISIS Asset Management plc that its client, I & S UK
Smaller Companies, has a revised material interest in 800,000 ordinary shares in
the Company representing approximately 5.414% of the issued ordinary share
capital. These shares are registered in the name of Chase Nominees Ltd.


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