Dromana Estate

Dromana Estate Limited ("Dromana" or the "Company"), producer and marketer of
premium and ultra premium Australian wine, announces that its shares were
admitted to trading on AIM today. Dromana is also listed on the Australian Stock
Exchange ("ASX").

The Company has raised gross funds of #600,000 by way of a placing of 5,454,545
New Ordinary shares of an average of 11p per share. At the placing price,
Dromana will have a market capitalisation of #3.0 million. The number of
Ordinary Shares in issue immediately following Admission is 26,870,524 Ordinary
Shares. The percentage of Enlarged Share Capital being placed pursuant to the
Placing is 20%.

Grant Thornton Corporate Finance is Nominated Adviser and HB-corporate Broker to
the Company.

Business Summary

Based in Victoria, Dromana is a producer of premium and ultra premium Australian
wine and markets under seven brands. Dromana acquired the assets and business of
Dromana Estate Vineyards in April 2000, which was established in 1982. The
Company has been acquisitive, purchasing Mornington Vineyards Estate in June
2000, a 49% interest in the Yarra Valley Hills Joint Venture in November 2000
and an 80% interest in David Traeger Wines in November 2002. From the outset,
Dromana has been a pioneer in establishing the Mornington Peninsula as one of
Australia's premier cool climate wine regions.

In the UK, Dromana currently sells its wines through distributors to restaurants
and hotels. The Company's main goal in listing on AIM is to raise its profile in
the UK and expand its market presence. Dromana is offering shareholders a 20%
discount on wine purchased direct from the Company. It also plans to introduce
to the UK a Loyalty Programme, currently operating in Australia, for restaurant
and bar owners in the form of a four year share option.


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