Termination of Voting Trust Agreement

TERMINATION
OF
VOTING TRUST AGREEMENT
DATED AS OF MAY 27, 1998
(the "Voting Trust Agreement")


This Termination Agreement is made as of June 1, 2000, by and among the current Shareholders and Trustees that are parties to the Voting Trust Agreement that established a Voting Trust relating to shares of common stock of Ravenswood Winery, Inc., a California corporation ("Ravenswood"), as well as additional Shareholders who joined in the Voting Trust Agreement subsequent to its original effective date.


RECITALS


Currently, under the Voting Trust Agreement, the Shareholders hold a total of 2,074,081 shares of common stock of Ravenswood, constituting all the shares that are subject to the Voting Trust, as follows:


Owner Number of Shares Stock Certificate Nos.
----- ---------------- ----------------------


Joel E. Peterson 1,337,670 183 Justin M. Faggioli 91,350 23 W. Reed Foster 283,500 26 W. Reed and Lois Foster 134,681 33 William R. Hambrecht 9,765 37 Callie S. Konno 59,850 46 Julie Morin-Wisner 31,500 53 John D. Nichols 9,765 55 James F. Wisner 116,000 179


The parties hereto have determined that in the present circumstances, including Ravenswood's status as a publicly-held company since April 1999, the Voting Trust is no longer essential or appropriate to their interests or to the success of Ravenswood or the interests of Ravenswood's shareholders and debenture holders, or of Ravenswood's business associates, and that termination of the Voting Trust will eliminate unnecessary administrative burdens fo ...