Appendix 3Y Change of Director's Interest Notice Appendix 3Y Change of Director's Interest Notice

Rule 3.19A.2

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity TREASURY WINE ESTATES LIMITED

ABN 24 004 373 862

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director

MICHAEL ANTHONY CLARKE

Date of last notice

16 September 2016

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest

Direct

Nature of indirect interest (including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

N/A

Date of change

17 November 2016

No. of securities held prior to change

17,020 ordinary shares fully paid in the share capital of Treasury Wine Estates Limited.

FY15 Short Term Incentive Plan

124,906 ordinary shares restricted pursuant to the terms of the FY2015 Short Term Incentive Plan.

FY16 Short Term Incentive Plan

77,050 ordinary shares restricted pursuant to the terms of the FY2016 Short Term Incentive Plan.

FY15 Long Term Incentive Plan

788,418 performance rights (to acquire shares) held under the terms of the FY2015 Long Term Incentive Plan.

FY16 Long Term Incentive Plan

659,759 performance rights (to acquire shares) held under the terms of the FY2016 Long Term Incentive Plan.

Class

Ordinary shares

Number acquired

166 ordinary shares

Number disposed

Nil

Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

$10.49 per ordinary share

+ See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director's Interest Notice

No. of securities held after change

17,186 ordinary shares fully paid in the share capital of Treasury Wine Estates Limited.

FY15 Short Term Incentive Plan

124,906 ordinary shares restricted pursuant to the terms of the FY2015 Short Term Incentive Plan.

FY16 Short Term Incentive Plan

77,050 ordinary shares restricted pursuant to the terms of the FY2016 Short Term Incentive Plan.

FY15 Long Term Incentive Plan

788,418 performance rights (to acquire shares) held under the terms of the FY2015 Long Term Incentive Plan.

FY16 Long Term Incentive Plan

659,759 performance rights (to acquire shares) held under the terms of the FY2016 Long Term Incentive Plan.

Nature of change

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Ordinary shares acquired on-market pursuant to the Company's Share Cellar Plan for employees.

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract

N/A

Nature of interest

N/A

Name of registered holder (if issued securities)

N/A

Date of change

N/A

No. and class of securities to which interest related prior to change

Note: Details are only required for a contract in relation to which the interest has changed

N/A

Interest acquired

N/A

Interest disposed

N/A

Value/Consideration

Note: If consideration is non-cash, provide details and an estimated valuation

N/A

Interest after change

N/A

Part 3 - +Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?

No

If so, was prior written clearance provided to allow the trade to proceed during this period?

N/A

If prior written clearance was provided, on what date was this provided?

N/A

Dated 18 November 2016

+ See chapter 19 for defined terms.

Appendix 3Y Page 2 01/01/2011

Treasury Wine Estates Limited published this content on 21 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 November 2016 02:06:06 UTC.

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