Press Release

AWX Capital Limited (AWX), today announced that applications for all eight initial public offers for shares backed by specific labels of bottled premium wines are to tap into over-subscription facilities and are set to list on the Stock Exchange of Newcastle (NSX) on or around 15 April 2002. Applications for around $1.6 million of shares have been received against a prospectus offer value of around $830,000. Over-subscriptions up to $1.7 million are possible and are being finalised. AWX founder and Chief Executive Officer, Stephen Thompson said, “in the face of rising inventory levels across the wine industry, we have placed around $1.6 million and have created a unique level of excitement for these eight labels of wine in prestigious broking and banking circles.” Thompson attributes the success of the second prospectus to the stand out value offered by wine producers and the enjoyable experience that came from face-to-face wine presentations held with clients of broking and banking institutions across the nation. “Producers have recognised that to benefit from a stock exchange listing of a wine label, they must offer sought after labels that are clearly under-valued, as with any other float.” All eight “founding” wine producers played an active role in the wine presentation road show events and gained a first hand insight into the personalised way in which their brand was presented. Thompson said that Roman Bratasiuk of Clarendon Hills was overwhelmed by support for his listing with over $500,000 in applications received. At the close, nearly all 1,000 shares (cases) of Katnook Estate Cabernet Sauvignon 2000 have been placed representing a $300,000 listing. The Knappstein Lenswood Vineyards “The Palatine” 1999 Wine Class Share offer closed early fully over-subscribed. The Orlando Jacob’s Creek Limited Release Shiraz Cabernet 1999 drew strong interest in wine presentations and is over-subscribed. Thompson said that in view of the success of the offer, all participating producers have re-rated the scope of opportunity and new options available to them from this unique and prestigious distribution channel. “In the past four weeks, we have converted the high interest levels into applications with shared success for all participating wine producers” he said. “The AWX market is gaining increasing international interest and recognition for participating producers.” “We are pleased that the AWX is supporting interest in these brands in other channels of distribution, both domestically and overseas,” he said. All Wine Class Shares in the first prospectus are tradeable for 12 months on the NSX through selected share brokers. The next “float” of wine-backed shares is set for April 2002. 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, Pritchard & Partners, Salomon Smith Barney Australia, Taylor Collison Limited, Tonkin Scorer Menzies, 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.