MARINA DEL REY, CA - April 27, 1998 - Scheid Vineyards Inc. (Nasdaq-NMS - SVIN) announced today that it has filed a Registration Statement with the Securities and Exchange Commission for a public offering of 1,000,000 shares of the Company’s Class A Common Stock to be sold by Alfred G. Scheid, the Company’s Chief Executive Officer and a principal stockholder. It is proposed that the offering will be underwritten on a firm commitment basis by a syndicate of underwriters with Cruttenden Roth Incorporated as the managing underwriter. A copy of the preliminary prospectus for the proposed offering may be obtained from Cruttenden Roth Incorporated, 18301 Von Karman, Suite 100, Irvine, California 92612; telephone (949) 757-5700.

The Registration Statement also covers up to an additional 150,000 shares of Class A Common Stock that may be sold upon the exercise of the underwriters’ overallotment option. The overallotment shares would be sold by certain other stockholders of the Company, with not more than 30,000 shares being sold by any of these stockholders.

Scheid Vineyards Inc. is an independent producer of wine grapes, primarily in Monterey County, California. The Company sells most of its grape production to wineries producing primarily premium quality table wines. The Company also produces a small amount of ultra premium wines under its own labels.

- SCHEID VINEYARDS INC. -

A Registration Statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.