MARINA DEL REY, CA. - February 12, 1998 - Scheid Vineyards Inc. (NASDAQ-NMS-SVIN)

announced today that the Preliminary Grape Crush Report, covering the 1997 harvest, shows that all of the wine grape prices for varieties it produces were above prices reported for the same varieties in 1996. The California Department of Food and Agriculture publishes the Preliminary Grape Crush Report on February 10 and the Final Grape Crush Report on March 10 each year. This report shows prices paid during the previous year’s harvest for grapes purchased for wine, concentrate, juice, vinegar and beverage brandy by California processors.

Heidi M. Scheid, Chief Financial Officer of the Company, stated "Approximately 90% of our wine grapes are sold under contracts which set prices based on the previous year’s harvest. The Preliminary Grape Crush Report covering the harvest of 1997 shows that prices for the top three varieties covered by our contracts (Chardonnay, Cabernet Sauvignon and Merlot) will be up from 9% to 10% for the harvest of 1998." Although historically there have not been significant differences in the pricing data reported in the Preliminary and the Final Grape Crush Reports, it is possible that there may be some adjustments to the Company’s expected 1998 grape prices when the Final Report is published next month.

Ms. Scheid also commented on the effects of El Nino, which has had wide publicity. "El Nino has had no important adverse effects on our vineyards. It has just been a rainy winter, and we prefer rain to drought conditions since the rains tend to decrease our irrigation expenses. None of our vineyards are on flood plains or near rivers which have recently flooded".

SVIN Reports Grape Prices and Comments on El Nino

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February 12, 1998

Ms. Scheid went on to state that Scheid Vineyards Inc. expects to release its 1997 earnings report during the week of February 16.

Scheid Vineyards Inc. is a leading independent producer of premium wine grapes and operates 4,950 acres of vineyards, primarily in Monterey County, California. The Company sells most of its grape production under long-term contracts to wineries producing primarily premium quality table wines, and the Company also produces a small amount of ultra premium wines under its own labels.