<PAGE>
Nothing contained herein or in the enclosed documents shall constitute you
or any person as an agent of Purchaser, the Information Agent, the Depositary,
or any of their respective affiliates, or authorize you or any other person to
use any document or make any statement on behalf of any of them in connection
with the Offer other than the documents enclosed herewith and the statements
contained therein.
NOTICE OF GUARANTEED DELIVERY
(NOT TO BE USED FOR SIGNATURE GUARANTEE)
TO TENDER SHARES OF COMMON STOCK
OF
R.H. PHILLIPS, INC.
PURSUANT TO THE OFFER TO PURCHASE DATED SEPTEMBER 7, 2000
BY
TOAST ACQUISITION COMPANY, INC.
A WHOLLY OWNED SUBSIDIARY OF
VINCOR HOLDINGS, INC.
AN AFFILIATE OF
VINCOR INTERNATIONAL INC.
This Notice of Guaranteed Delivery, or one substantially equivalent to the
attached form, must be used to accept the Offer (as defined in the Offer to
Purchase) if (i) certificates for shares of common stock, no par value (the
"Shares"), of R.H. Phillips, Inc. and all other documents required by the Letter
of Transmittal cannot be delivered to the Depositary by the expiration of the
Offer or (ii) the procedures for delivery of book-entry transfer cannot be
completed on a timely basis. This Notice of Guaranteed Delivery may be delivered
by hand or sent by facsimile transmission or mail to the Depositary. See "The
Tender Offer--Procedure for Tendering Shares" in the Offer to Purchase.
THE DEPOSITARY FOR THE OFFER IS:
LASALLE BANK, N.A.
<TABLE>
<S> <C> <C>
BY MAIL OR OVERNIGHT COURIER: BY FACSIMILE TRANSMISSION: BY HAND:
LaSalle Bank, N.A. LaSalle Bank, N.A. Bank of New York
Attn: Corporate Trust Operations Attn: Corporate Trust Operations Attn: Steve Giurlando
135 So. LaSalle Street, Suite 1811 135 So. LaSalle Street, Suite 101 Barclay Street
1811
Chicago, IL 60603 Chicago, IL 60603 Main Lobby
Fax#: 312-904-2236 New York, NY 10286
</TABLE>
DELIVERY OF THIS NOTICE OF GUARANTEED DELIVERY TO AN ADDRESS OTHER THAN AS
SET FORTH ABOVE OR TRANSMISSION OF INSTRUCTIONS VIA A FACSIMILE TRANSMISSION TO
A NUMBER OTHER THAN AS SET FORTH ABOVE DOES NOT CONSTITUTE A VALID DELIVERY.
This Notice of Guaranteed Delivery is not to be used to guarantee
signatures. If a signature of a Letter of Transmittal is required to be
guaranteed by an "Eligible Institution" under the instructions thereto, such
signature guarantee must appear in the applicable space provided in the
signature box on the Letter of Transmittal.
<PAGE>
Ladies and Gentlemen:
The undersigned hereby tenders to Toast Acquisition Company, Inc.
("Purchaser"), upon the terms and subject to the conditions set forth in the
Offer to Purchase dated September 7, 2000, and the related Letter of
Transmittal, receipt of which is hereby acknowledged, the number (indicated
below) of Shares pursuant to the guaranteed delivery procedure set forth in "The
Tender Offer--Procedure for Tendering Shares" of the Offer to Purchase.
Number of Shares being tendered hereby: ____________ Shares
Certificate No(s).
(if available):
____________________________________________________________________________
If Shares will be tendered by book-entry transfer:
Name of Tendering Institution ______________________________________________
Account No. _____________________________________________________________ at
The Depository Trust Company
SIGN HERE:
____________________________________________________________________________
(SIGNATURE(S))
__________________________________________________________________________
(NAME(S) OF RECORD HOLDERS)
(PLEASE PRINT)
__________________________________________________________________________
(ADDRESS)
__________________________________________________________________________
(ZIP CODE)
__________________________________________________________________________
(TELEPHONE NO.)
GUARANTEE
(NOT TO BE USED FOR SIGNATURE GUARANTEE)
The undersigned, a financial institution (including most banks, savings and
loan associations and brokerage houses) which is a participant in the Securities
Transfer Agents Medallion Program, the New York Stock Exchange Medallion
Signature Program, or the Stock Exchange Medallion Program, hereby
(a) represents that the above named person(s) "own(s)" the Shares tendered
hereby within the meaning of Rule 14e-4 under the Securities Exchange Act of
1934, as amended, (b) represents that such tender complies with Rule 14e-4 and
(c) guarantees to deliver to the Depositary the Shares tendered hereby, together
with a properly completed and duly executed Letter(s) of Transmittal (or
facsimile(s) thereof) or an Agent's Message (as defined in the Offer to
Purchase) in the case of a book-entry delivery, and any other required
documents, all within three Nasdaq National Market trading days of the date
hereof.
____________________________________________________________________________
(NAME OF FIRM)
__________________________________________________________________________
(ADDRESS)
__________________________________________________________________________
(ZIP CODE)
__________________________________________________________________________
(TELEPHONE NO.)
Dated: ______________________________________________________________, 2000.
____________________________________________________________________________
(AUTHORIZED SIGNATURE)
__________________________________________________________________________
(NAME)
__________________________________________________________________________
(TITLE)
DO NOT SEND STOCK CERTIFICATES WITH THIS FORM.
YOUR STOCK CERTIFICATES MUST BE SENT WITH THE LETTER OF TRANSMITTAL.
