A process of preparing alcohol-reduced or alcohol-free beverages from starting beverages obtained by natural alcoholic fermentation by high-pressure extraction in the presence of carbon dioxide in the supercritical fluid state, the process comprising the steps of extracting an alcoholic extract rich in aromatic substances from the starting beverage, to thereby form a residual beverage being reduced in its ethanol content distilling, under reduced pressure in a rectifying column having a top and a bottom, the residual beverage so as to reduce further the ethanol content of the residual beverage, said distilling step including the steps of withdrawing an intermediate fraction, which consists substantially of substances having a higher boiling point than ethanol from the rectifying column at a point located between the top and the bottom of the rectifying column, withdrawing the further ethanol-reduced residual beverage from the bottom of the rectifying column;
- withdrawing an ethanol fraction from the top of the column, and thereafter adding the alcoholic extract rich in aromatic substances from the extraction and the intermediate fraction to the further ethanol-reduced residual beverage.