Reduction in storage and collection charges (18/12/06)

Wine Investment Services has conducted a review of the charges that investors currently receive and has decided to immediately effect the following rate reductions:

• Storage of between 50 dozen and 64 dozen bottles – reduction of
  the rate to $1.70 per bottle per annum ($1.70 per case per month)
• Storage of greater then 200 dozen bottles – reduction of the rate to     $1.35 per bottle per annum ($1.35 per case per month)
• Reduction of the current collection charges to make them the same as   the existing delivery charge for the Sydney region

With these changed charges, Wine Investment Services believes that it
is offering an extremely competitive rate compared to any other wine storage provider. Investors are welcomed to provide feedback as to any rates that are out there in the industry that are bona fide cheaper then the rates of Wine Investment Services.

These reductions are part of an ongoing review of charges by Wine Investment Services that demonstrate its willingness to provide a great service at a great price.

Storage rate reductions will apply to the month of December 2006
and onwards.

Collection rate charges will be applicable to all delivery orders received after the new charges are uploaded into the WAM system. Unfortunately any delivery orders effected before that time will be at the old charges.