MARINA DEL REY, CA July 16, 1998 Scheid Vineyards Inc. (Nasdaq-NMS: SVIN) today announced that the Company made a block purchase of 53,000 shares of the Company’s Class A Common Stock at a purchase price of $6.875 per share, for an aggregate purchase price of $364,375. The block of shares was acquired from an institutional investor.

Ms. Heidi M. Scheid, Chief Financial Officer of the Company, stated, "This is our second block purchase in the past 30 days. We believe that at present price levels, these purchases are in the best interests of the Company and our stockholders."

Scheid Vineyards Inc. is a leading independent producer of premium wine grapes and operates 5,280 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.