We consider the finite W-algebra U(𝔤,e) associated to a nilpotent element e∈𝔤 in a simple complex Lie algebra 𝔤 of exceptional type. Using presentations obtained through an algorithm based on the PBW-theorem for U(𝔤,e), we verify a conjecture of Premet, that U(𝔤,e) always has a 1-dimensional representation when 𝔤 is of type G2, F4, E6 or E7. Thanks to a theorem of Premet, this allows one to deduce the existence of minimal dimension representations of reduced enveloping algebras of modular Lie algebras of the above types. In addition, a theorem of Losev allows us to deduce that there exists a completely prime primitive ideal in U(𝔤) whose associated variety is the coadjoint orbit corresponding to e.