MARINA DEL REY, CA - August 4, 1999 - Scheid Vineyards Inc. (Nasdaq: SVIN) announced today its financial results for the second quarter ended June 30, 1999.

For the three months ended June 30, 1999, revenues decreased 59% to $271,000 from $662,000 in the 1998 period. Net loss increased to $411,000, or $.07 per share, for the 1999 period as compared to a net loss of $286,000, or $.04 per share, for the 1998 period.

For the six months ended June 30, 1999, revenues decreased 40% to $708,000 from $1,182,000 in the 1998 period. Net loss increased to $834,000, or $.14 per share, for the 1999 period as compared to a net loss of $766,000, or $.11 per share, for the 1998 period. The weighted average number of shares outstanding decreased to 6.1 million in 1999 from 6.7 million in 1998.

Ms. Heidi M. Scheid, Chief Financial Officer of the Company, stated, "Second quarter results are generally in line with expectations. The decrease in revenues is due primarily to an expected decrease in sales of bulk wine. Bulk wine is typically sold in the year following the harvest of the grapes. There was more bulk wine for sale in 1998 due to the bumper crop of 1997." Ms. Scheid continued, "Because the wine grape business is seasonal, results from the first half of the year are not considered indicative of those to be expected for a full year. The Company recognizes substantially all of its crop sales revenues at the time of its annual harvest in September and October."

The Company also updated its June 10^th announcement which warned that unusually cool spring weather in the coastal growing regions of California has had a negative effect on the potential yield of white grapes for the 1999 harvest, particularly chardonnay. Today the Company announced that the cool weather pattern persisted through June and early July and there will be a significant impact on the financial results of Scheid Vineyards for the year ended December 31, 1999.

Mr. Alfred G. Scheid, Chief Executive Officer of Scheid Vineyards, stated, "It is now clear that the prolonged cold spell in the coastal growing regions of California has had an adverse effect on grape yields, particularly chardonnay. The Western Regional Climate Center registered the coldest average June temperatures ever recorded for the King City area and many other areas in the state experienced the coolest June in many years. Recent industry surveys for the coastal regions estimate that the 1999 grape crop may be 20% to 25% below normal and our own analysis supports this estimate. As a consequence, our management believes that 1999 revenues and earnings per share will be substantially lower than those expected by the investment community." He stated further, "Our experience shows that warm weather in August promotes the ‘sizing up’ of individual grapes, but major reduction in bunch counts and sizes has occurred." As was stated in the prior release, the Company has no concerns about grape quality at this time.

Scheid Vineyards Inc. is a leading independent producer of premium wine grapes and operates approximately 6,000 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 wine under its own labels.

Note: This press release contains forward-looking statements concerning expectations for the 1999 harvest and the Company’s 1999 financial performance. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in the forward-looking statements. For further details and a discussion of the risks and uncertainties which affect or may affect the Company, refer to the Company’s filings with the Securities and Exchange Commission, including its most recent Form 10-QSB dated May 12, 1999 and Form 10-KSB dated March 15, 1999. The forward-looking statements represent the Company’s judgment as of the date of this press release. The Company disclaims any intent or obligation to update its forward-looking statements.