The New Zealand Wine Company

Growth in Earnings for The New Zealand Wine Company Limited

The New Zealand Wine Company announces an audited net tax paid surplus for the June year ended 2006 of $1.026 million, an increase of 12% over the prior year. The EBIT result (earnings before interest and tax) was an all time record for the Company at $1.875 million.

Chairman Mark Peters said that “The recent and future growth in the company's performance starts fairly and squarely with the continued consistency of quality of the company's products.” “This is the basis upon which we go forward with confidence of continued improvement in the company results and improved returns to shareholders.” he said.

The final dividend of 4 cents per share fully imputed will be paid to shareholders in September 2006.

The Annual General Meeting will be held in Blenheim on Friday 29 September 2006.

For further information please contact:

Mark Peters

Chairman, The New Zealand Wine Company Limited

PO Box 67, Renwick, Marlborough

Tel: +64 3 578 7159 Fax: +64 3 578 8968