Blavod Signs LOI to form JV

Blavod Extreme Spirits PLC 16 May 2005 Blavod Blavod Extreme Spirits Plc ('Blavod') announces that it has signed a Letter of Intent to form a joint venture company with one of the world's leading beverage alcohol producers. The joint venture will be a 50:50 partnership to exploit the respective strengths of the two companies. Blavod will announce further details in due course. Blavod Extreme Spirits, plc (BES.L), established in 2003, is a London-based and publicly traded company, with U.S. subsidiary offices, Blavod Extreme Spirits USA, Inc., headquartered in Franklin, Tenn. In addition to Blavod Black Vodka, the Company's portfolio includes the award-winning Players Extreme line featuring: Five Times Distilled Vodka along with intensely infused Green Apple, Cherry, Lemon, Mandtango (mandarin/tangerine) and Caramel vodkas. The Players Extreme brand also offers flavor-infused rums - Banana, Coconut and Mango. The Company also represents a wine portfolio in the US, including Italian estates, Baroncini and Bruno Rocca, among others. Agency brands represented in the UK, include the Babco brand of products For more information on Blavod Extreme Spirits, log on to: www.blavodextreme.com www.playersextreme.com www.blackvodka.com www.blavod.com Enquiries: Tim Robertson/Catherine Maitland Cardew Group 020 7930 0777 Jeff Hopmayer Blavod Extreme Spirits 001 615 771 9111 This information is provided by RNS The company news service from the London Stock Exchange