Press Release

For Immediate Release 5 February 2002 AWX Capital Limited (AWX), Australia’s issuer of innovative wine-backed shares, has announced that its second prospectus is set to open on 5 February 2002 with strong broker-firm commitments by a number of leading share brokers. 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. CEO and Founder, Stephen Thompson said that the changes made following the withdrawal of the first prospectus to meet market expectations have been overwhelmingly well received by brokers. "The feedback we have received from brokers in detailing key changes to the offers is that we have met the market and are demonstrating stand-out value for their clients." "Brokers also recognise that wine and its value is very personal. To convert the high interest levels indicated for the first prospectus, the entire distribution process has been personalised with an increased focus on highlighting the unique value proposition for each wine," he said. Several additional brokers have expressed interest in participating as brokers to future offers, providing AWX with a broader base distribution network. The second prospectus contains eight separate offers of premium quality wine from eight premium quality wine producers, giving buyers a unique way to secure access to pre-release, limited release and "blue-chip" cellaring wines at initial public offer prices. The producers comprise Clarendon Hills, Howard Park Wines, Katnook Estate, Knappstein Lenswood, Each share represents a single case of wine containing either six or twelve bottles. Each vintage and label of wine will have its own stock exchange listing code and can be traded through selected share brokers until the pre-set de-listing date. All offers in this prospectus have a twelve-month listing term, after which time the holder takes delivery of the wine in which they invested or may continue to store it in the same facility. Mr Thompson said that all wine producers have embraced their role as "Founders" beyond title and have shared equally the early lessons for this unique channel of distribution to lead the way for their peers. "Wine producers are determined that this unique channel of distribution is successful and have priced their wine to demonstrate stand out value to first time shareholders," says Mr Thompson. "The increased certainty of cash flow for producers from broker-firm commitments also provides a solid starting point for a sustainable market," he said. Infrastructure partners, including ASX Perpetual and NSX have also responded in offering support to ensure that this alternative capital market is viable. The prospectus is valued at approximately $0.85m with (with over-subscriptions up to 1.8m) and closes on or around March 4, 2002 unless closed prior. The shares are expected to list on the NSX on April 15, 2002. Prospectuses are available through major broking houses, financial institutions and NSX-affiliated brokers. Priority allocations will be given to applicants of the first prospectus. About AWX: AWX is an issuer of Wine Class Shares with initial public offers outlined in prospectuses being distributed by reputable financial institutions that include Cameron Stockbrokers, E*TRADE Australia, Macquarie Equities, Salomon Smith Barney Australia, Taylor Collison Limited, Westpac Banking Corporation, and other NSX-affiliated brokers. The Wine Class Shares will be listed for trading on the Stock Exchange of Newcastle Limited (NSX). Founded by Stephen Thompson in 1999, AWX vision is to create a new capital market for wine producers and enable investors and wine enthusiasts to build a portfolio of tradeable wine-backed shares. AWX has received financial backing from Toll Holdings Limited and private investors. For more information:- Stephen Thompson CEO Australian Wine Exchange Ph: 03 9694 2810 Mob: 0407 515 821 Email: stephen_thompson@awx.com.au *The offer of the securities will be made in, or accompanied by a copy of the disclosure document. Anyone wishing to acquire the securities will need to complete the application form that will be in or will accompany the disclosure document.