Press Release

AWX Capital Limited (AWX), today announced that it has withdrawn its first prospectus for Wine Class Shares to respond to the expectations of the current investment market. The AWX vision is to create a new capital market for Australian wine producers and enable investors and wine enthusiasts to build and trade a portfolio of wine-backed shares. AWX founder and chief executive Stephen Thompson indicated that the interest in the prospectus was very encouraging considering the unique nature of the offers and the uncertain post-September 11 investment market. Despite strong interest, the spread of application funds across twenty separate offers of wine made it difficult for a majority of the offers in the first prospectus to meet the minimum stock exchange listing requirements, prompting the withdrawal of the offer. AWX intends to issue a revised prospectus in February 2002 that would contain fewer offers of wine, more wines that are hard to access and addresses market issues. Australian premium wine producers have confirmed their support for the AWX market as it directly responds to their need for access to capital that is otherwise tied up in inventory. AWX is close to finalising the price and labels of wine to be included in the February 2002 prospectus that it expects will demonstrate stand out value for first time Wine Class Shareholders. A priority allocation will be given to applicants to the first prospectus. Applicants who applied for Wine Class Shares will have their cheques returned or refunded immediately. ---End--- For more information:-Stephen Thompson CEO Australian Wine Exchange Pty Ltd Ph: 03 9694 2810 Mob: 0407 515 821 Email: stephen_thompson@awx.com.au Web site: www.awx.com.au