Andres Wines Ltd.

Andres Wines Ltd.

August 15, 2005 15:45 ET

Andres Wines Ltd.: Intention to Distribute Securities

GRIMSBY, ONTARIO--(CCNMatthews - Aug. 15, 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 30,000 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 13,200 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 560,956 (14.3%) 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)

Contact Information

  • 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)