Cruzan International, Inc. Announces Sale of Controlling Interest to the Absolut Spirits Company, Inc.

Cruzan International, Inc. (AMEX:RUM) (the "Company"),
producer and distributor of the Cruzan line of rums from the Virgin
Islands and a leading distiller of rum and brandy, and importer and
marketer of premium branded spirits, announced today that on September
26, 2005, The Absolut Spirits Company, Inc., a Delaware corporation
("ASCI"), a wholly-owned subsidiary of V&S Vin & Sprit AB ("V&S"),
completed its acquisition of controlling interest in the Company from
Angostura, Ltd. ("Angostura"), pursuant to a previously-announced
Stock Purchase Agreement between Angostura and V&S. Subsequent to the
execution of the Stock Purchase Agreement, V&S assigned all of its
rights under the Stock Purchase Agreement to ASCI. ASCI purchased all
4,294,583 shares of Cruzan common stock beneficially owned by
Angostura, currently representing approximately 63.6% of the Company's
outstanding common stock, for an aggregate consideration of
$121,837,320.00, or $28.37 per share.

   About the Company

   Cruzan International, Inc. is a major supplier of rum, brandy and
wine to the beverage alcohol industry. The Company also produces
ultra-premium single-barrel aged rums and tropical rums, vinegar and
other alcohol-related products.
   Statements contained in this press release, other than historical
facts, are "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
and Exchange Act of 1934. The Company intends that such
forward-looking statements shall be subject to the safe harbors
created thereby. These statements involve various risks and
uncertainties, including without limitation those contained in the
section entitled "Risks that May Affect Future Results" in Item 7,
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" in the Company's Annual Report on Form 10-K for
the fiscal year ended September 30, 2004. As a result, future results
may differ materially from the expected results represented by the
forward looking-statements contained in this press release.