Andres Wines Ltd.

Andres Wines Ltd.

March 10, 2005 08:34 ET

Andres Wines Ltd.: Intention to Distribute Securities


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ANDRES WINES LTD.

TSX SYMBOL: ADW.NV.A
TSX SYMBOL: ADW.B

MARCH 10, 2005 - 08:34 ET

Andres Wines Ltd.: Intention to Distribute Securities

GRIMSBY, ONTARIO--(CCNMatthews - March 10, 2005) - Andres Wines Ltd.
(TSX:ADW.NV.A)(TSX:ADW.B) announced today that the Peller Family has
advised the Corporation of its intention to sell up to an aggregate of
22,000 Class A Non-Voting Shares ("Class A shares") of the Corporation
for the purposes of tax and estate planning. Jalger first expressed an
interest to sell shares on December 9, 2004 and to date, has sold 8,000
shares. If the sale is completed, the selling shareholder will be Jalger
Limited (the controlling shareholder of the Corporation). Any sale will
be completed through the facilities of the Toronto Stock Exchange,
subject to market and other conditions.

Following its sale of Class A shares, Jalger Limited will continue to
hold, both directly and indirectly, more than 580,956 (14.7%) of the
outstanding Class A shares and 666,468 (66.5%) of the outstanding Class
B shares.

This announcement is issued in support of the Corporation's commitment
to enhanced corporate governance by press release disclosure in advance
of intended trading activity in the Corporation's shares by the
Corporation's controlling shareholder.

Andres Wines Ltd. is a leading producer and marketer of quality wines in
Canada with wineries located in British Columbia, Ontario and Nova
Scotia. The Company markets wines produced from grapes grown in
Ontario's Niagara Peninsula, British Columbia's Okanagan Valley and
vineyards around the world. Andres Wines Ltd.'s common shares trade on
the Toronto Stock Exchange (symbol: ADW.NV.A and ADW.B)

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Andres Wines Ltd.
    Mr. Peter B. Patchet
    Chief Financial Officer and Executive V.P. Human Resources
    (905) 643-4131 Ext. 2210
    (905) 643-8927 (FAX)
    peter.patchet@andreswines.com