Treasury Wine Estates : Notice of Change of Interests of Substantial Shareholder 15 February 2017

603 page 1/2 15 July 2001

603 page 2/2 15 July 2001

1. Associates

   Thereasonsthepersonsnamed in paragraph3 aboveare associatesof thesubstantial holder are as follows:

   Name andACN/ARSN (if applicable)	Nature of association

2. Addresses

Theaddressesof personsnamedin this formareasfollows:

* At a meeting of the Board on 22 November 2013, the Directors resolved to approve the delegation of the preparation and lodgement of substantial shareholder notices on behalf of BlackRock Investment Management (Australia) Limited.

1. If thereareanumber of substantial holders withsimilaror relatedrelevant interests (eg. acorporationandits relatedc orporations, or the manager andtrusteeof an equity trust), thenamescouldbeincludedinanannexure to theform. If therelevant interestsof agroupof personsareess entiallysimilar, theymaybereferredto throughout theformasaspecificallynamedgroupif themembershipof eachgroup, with thenames andaddressesof members is clearlyset out inparagraph7of the form.

2. See thedefinitionof "associate" in section9 of theCorporationsAct 2001.

3. See thedefinitionof "relevant interest" in sections608and671B(7)of theCorporationsAct 2001.

4. Thevotingsharesof acompanyconstituteoneclassunlessdividedintoseparateclasses.

5. Thetotal number of votesattachedtoall thevotingsharesin thecompanyor votinginterests in thescheme(if any)that t hepersonor anassociatehasa relevant interest in.

6. Theperson'svotesdividedbythetotal votesin thebodycorporateor schememultipliedby100.

7. Includedetailsof:

8. anyrelevant agreement orother circumstancesbywhichtherelevant interest wasacquired. If subsection671B(4)applies, a copyof anydocument settingout the termsof anyrelevant agreement, anda statement by thepersongiving full andaccurate details of anycontract, scheme or arrangement, must accompany this form, together witha writtenstatement certifyingthiscontract, schemeor arrangement; and

9. anyqualificationof thepower of apersontoexercise, control theexerciseof, or influencetheexerciseof, thevotingpo wersor disposal of thesecuritiesto whichtherelevant interest relates(indicatingclearly theparticular securitiestowhichthequalificationapplies).

   See thedefinitionof "relevant agreement" in section9 of theCorporationsAct 2001.

10. If thesubstantial holder isunable todeterminetheidentityof theperson(eg. if therelevant interest arisesbecauseof anoption)write "unknown".

11. Detailsof theconsiderationmust includeanyandall benefits,moneyandother, that anypersonfromwhoma relevant intere st wasacquiredhas, ormay, become entitledto receivein relationto that acquisition. Detailsmust beincludedevenif thebenefit isconditional onthehappen ingor not of acontingency. Detailsmust be includedof anybenefit paidonbehalf of thesubstantial holder or itsassociate inrelationto theacquisitions, evenif they arenot paiddirectly to thepersonfromwhom therelevant interest wasacquired.

This is Annexure A of 4 pages referred to in form 603 Notice of initial substantial shareholder Annexure A

Kayla Mulvihill, Authorised Signatory

15-Feb-17

Date
1. Details of Relevant Interests
2. Details of present registered holders
6. Associates Holder of Relevant Interests Name and ACN / ARSN (if Nature of Relevant Interest Registered Holder ofSecurities Person entitled to be registered as holder Class and number of Securities Person's votes Nature of Association

applicable)
BlackRock (Netherlands) B.V.	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	BNYM-BANK OF NY BRUS	ord	13,182	13,182	subsidiary of BlackRock Inc.
investment manager or trustee.
BlackRock (Netherlands) B.V.	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	JPM-JP MORGAN CHASE - NEW YORK	ord	34,691	34,691	subsidiary of BlackRock Inc.
investment manager or trustee.
BlackRock (Netherlands) B.V.	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	SSB-SSB NEW YORK INSTITUTIONAL	ord	109,701	109,701	subsidiary of BlackRock Inc.
investment manager or trustee.
BlackRock (Singapore) Limited	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	BNYM-BONY LUXEMBOURG	ord	89,569	89,569	subsidiary of BlackRock Inc.
investment manager or trustee.
BlackRock Advisors (UK) Limited	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	BNYM-BONY EUROPE - LONDON	ord	2,065,319	2,065,319	subsidiary of BlackRock Inc.
investment manager or trustee.
BlackRock Advisors (UK) Limited	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	JPM - J.P. Morgan Zurich	ord	43,750	43,750	subsidiary of BlackRock Inc.
investment manager or trustee.
BlackRock Advisors (UK) Limited	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	JPM-JPM CHASE - LONDON	ord	439,129	439,129	subsidiary of BlackRock Inc.
investment manager or trustee.
BlackRock Advisors (UK) Limited	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	NT-NORTHERN TRUST UK	ord	46,823	46,823	subsidiary of BlackRock Inc.
investment manager or trustee.
BlackRock Advisors (UK) Limited	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	RBC-DEXIA BIL- LONDON	ord	168,153	168,153	subsidiary of BlackRock Inc.
investment manager or trustee.
BlackRock Advisors (UK) Limited	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	SSB-STATE STREET BANK, GERMANY	ord	88,120	88,120	subsidiary of BlackRock Inc.
investment manager or trustee.
BlackRock Advisors (UK) Limited	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	SSB-STATE STREET DUBLIN	ord	1,863,829	1,863,829	subsidiary of BlackRock Inc.
investment manager or trustee.
BlackRock Advisors (UK) Limited	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	STATE STREET BANK, MUNICH, ZURICH	ord	3,529	3,529	subsidiary of BlackRock Inc.
investment manager or trustee.	BRANCH
BlackRock Advisors, LLC	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	SSB-STATE STREET MUTUAL FUNDS -	ord	313,395	313,395	subsidiary of BlackRock Inc.
investment manager or trustee.	BOSTON
BlackRock Asset Management Canada	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	NT-NORTHERN TRUST CO. - CHICAGO	ord	27,000	27,000	subsidiary of BlackRock Inc.
Limited	investment manager or trustee.
BlackRock Asset Management Canada	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	SSB-STATE STREET SACRAMENTO	ord	316,590	316,590	subsidiary of BlackRock Inc.
Limited	investment manager or trustee.
BlackRock Asset Management North Asia	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	BNYM-BONY EUROPE - LONDON	ord	37,781	37,781	subsidiary of BlackRock Inc.
Limited	investment manager or trustee.
BlackRock Asset Management North Asia	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	CITI-CITIBANK, HONG KONG	ord	2,561	2,561	subsidiary of BlackRock Inc.
Limited	investment manager or trustee.

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Holder of Relevant Interests Name and ACN / ARSN (if Nature of Relevant Interest Registered Holder ofSecurities Person entitled to be registered as holder Class and number of Securities Person's votes Nature of Association

applicable)
BlackRock Asset Management North Asia	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	HSBC-HSBC, HONG KONG	ord	3,712	3,712	subsidiary of BlackRock Inc.
Limited	investment manager or trustee.
BlackRock Asset Management North Asia	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	Northern Trust Singapore	ord	1,049	1,049	subsidiary of BlackRock Inc.
Limited	investment manager or trustee.
BlackRock Financial Management, Inc.	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	BBH-BROWN BROTHERS HARRIMAN & CO - NEW	ord	15,863	15,863	subsidiary of BlackRock Inc.
investment manager or trustee.	YORK
BlackRock Financial Management, Inc.	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	BNYM-BONY LUXEMBOURG	ord	365,696	365,696	subsidiary of BlackRock Inc.
investment manager or trustee.
BlackRock Financial Management, Inc.	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	BNYM-THE BANK OF NEW YORK	ord	9,340	9,340	subsidiary of BlackRock Inc.
investment manager or trustee.
BlackRock Financial Management, Inc.	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	SSB-SSB NEW YORK INSTITUTIONAL	ord	1,502	1,502	subsidiary of BlackRock Inc.
investment manager or trustee.
BlackRock Fund Advisors	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	SSB-SSB NEW YORK INSTITUTIONAL	ord	31,050	31,050	subsidiary of BlackRock Inc.
investment manager or trustee.
BlackRock Fund Advisors	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	SSB-STATE STREET BANK, BOSTON	ord	117,155	117,155	subsidiary of BlackRock Inc.
investment manager or trustee.
BlackRock Fund Advisors	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	SSB-STATE STREET MUTUAL FUNDS -	ord	48,858	48,858	subsidiary of BlackRock Inc.
investment manager or trustee.	BOSTON
BlackRock Fund Advisors	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	SSB-STATE STREET SACRAMENTO	ord	8,082,833	8,082,833	subsidiary of BlackRock Inc.
investment manager or trustee.
BlackRock Institutional Trust Company, National	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	BNYM-THE BANK OF NEW YORK	ord	918,659	918,659	subsidiary of BlackRock Inc.
Association	investment manager or trustee.
BlackRock Institutional Trust Company, National	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	JPM-JP MORGAN CHASE - NEW YORK	ord	111,115	111,115	subsidiary of BlackRock Inc.
Association	investment manager or trustee.
BlackRock Institutional Trust Company, National	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	NT-NORTHERN TRUST CO. - CHICAGO	ord	282,221	282,221	subsidiary of BlackRock Inc.
Association	investment manager or trustee.
BlackRock Institutional Trust Company, National	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	SSB-SSB BOSTON INSTITUTIONAL	ord	18,327	18,327	subsidiary of BlackRock Inc.
Association	investment manager or trustee.
BlackRock Institutional Trust Company, National	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	SSB-SSB NEW YORK INSTITUTIONAL	ord	551,466	551,466	subsidiary of BlackRock Inc.
Association	investment manager or trustee.
BlackRock Institutional Trust Company, National	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	SSB-STATE STATE HONG KONG	ord	356,150	356,150	subsidiary of BlackRock Inc.
Association	investment manager or trustee.
BlackRock Institutional Trust Company, National	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	SSB-STATE STREET BANK, BOSTON	ord	49,800	49,800	subsidiary of BlackRock Inc.
Association	investment manager or trustee.
BlackRock Institutional Trust Company, National	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	SSB-STATE STREET LONDON	ord	57,266	57,266	subsidiary of BlackRock Inc.
Association	investment manager or trustee.
BlackRock Institutional Trust Company, National	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	SSB-STATE STREET SACRAMENTO	ord	8,675,275	8,675,275	subsidiary of BlackRock Inc.
Association	investment manager or trustee.
BlackRock International Limited	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	NT-NORTHERN TRUST UK	ord	247,490	247,490	subsidiary of BlackRock Inc.
investment manager or trustee.
BlackRock International Limited	Power to control the exercise of a right to vote attached to securities and/or the power to dispose of securities as	SSB-SSB NEW YORK INSTITUTIONAL	ord	22,842	22,842	subsidiary of BlackRock Inc.
investment manager or trustee.

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