Share Facility

Blavod Extreme Spirits PLC 29 November 2005 29 November 2005 Blavod Extreme Spirits plc Committed Share Facility Blavod Extreme Spirits plc ('the Company' or 'Blavod') announces that on 28th November 2005 it entered into an agreement with the Headstart Group of funds ('Headstart') under which Headstart has agreed, when called upon by the Company, to subscribe for new ordinary shares in the capital of the Company ('Ordinary Shares') to the value of up to, in aggregate, £5,000,000 (the 'Facility'). The Facility is available at any time up to 3 years from the commencement date at a subscription price for an Ordinary Share of 95% of the lowest closing bid price of an Ordinary Share in the ten trading days following exercise by the Company. In consideration for making available the Facility, the Company has agreed to pay Headstart a one-off underwriting commission of £150,000, payable by the issue of 424,088 Ordinary Shares. In addition, the Company has agreed to issue warrants granting Headstart the right to subscribe for up to 1,000,000 Ordinary Shares in three tranches each exercisable within three years of grant at a subscription price of 38.90 pence. Jeffrey Hopmayer, Chief Executive of Blavod added: 'We are delighted that Headstart has provided an innovative and flexible financing structure that meets our requirements. The additional funds will help continue the process of growing our business.' Enquiries: Blavod Jeff Hopmayer 001 615 771 9111 Brewin Dolphin Mark Brady 0113 241 0129 Cardew Group Tim Robertson 020 7930 0777 Catherine Maitland This information is provided by RNS The company news service from the London Stock Exchange