MARINA DEL REY, CA- June 25, 1998 -Scheid Vineyards Inc. (Nasdaq-NMS: SVIN) today announced that the Company made a block purchase of 50,000 shares of the Company’s Class A Common Stock at a purchase price of $6.875 per share, for an aggregate purchase price of $343,750. The block of shares was acquired from an institutional investor which the Company believes is liquidating its securities portfolio following its acquisition by another institution.

Ms. Heidi M. Scheid, Chief Financial Officer of the Company, stated, "Our Board of Directors believes that the block purchase is in the best interests of the Company and stockholders. This is the first time the Company has repurchased shares but, at present price levels, we believe it is a sound decision."

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.