Whyte & Mackay Ltd. Has Not Been Sold to India's UB Group

"Despite recent press speculation, I would like to confirm that
Whyte & Mackay has not been sold," said Vivian Imerman, Chairman and
Chief Executive of Whyte & Mackay. "We have received offers for part
of the business and are continuing to evaluate all of our strategic
options.

"We are in the middle of a GBP 100m investment programme and have
great confidence in the business to perform well over the next five
years.

"The management and I are committed to continuing the momentum
that has thus far yielded strong results for our Company and our
brands; we are also dedicated in our vision to become an agile
international spirits business with our core brands Whyte & Mackay,
Vladivar, Jura, The Dalmore and Glayva.

"Whyte & Mackay has taken many strong initiatives in restructuring
its business. The Company has consolidated its facilities, merging
Scottish plants to increase operating efficiencies with the new
state-of-the-art bottling facility now open in Grangemouth. Whyte &
Mackay has also repacked and re-launched its flagship Whyte & Mackay
brand along with Vladivar and Jura in the UK to critical acclaim by
both consumers and trade customers alike. The Company is looking
forward to continued strong results as we move forward."

About Whyte & Mackay Ltd.

Whyte & Mackay Ltd. is a producer of premium quality spirits,
including Whyte & Mackay Blended Scotch, Jura Single Malt whisky, The
Dalmore Highland whisky, Glayva whisky liqueur and Vladivar Vodka.
Headquartered in Glasgow, Scotland, the Company employs over 600 staff
on sites around Scotland and the UK. In the near future, the company
will be adding its new all-purpose state-of-the-art production
facility in Grangemouth, Scotland to its other Scottish distilleries,
which include the Isle of Jura (situated off the west coast of
Scotland) and The Dalmore (based in Ross-shire).