Treasury Wine Estates : Notice of Change of Interests of Substantial Shareholder 5 April 2017

To CompanyName/Scheme ACN/ARSN

TREASURY WINE ESTATES LTD 004 373 862

Name

ACN/ARSN (if applicable)

BlackRock Group (BlackRock Inc. and subsidiaries named in Annexures to this form)

Particularsof eachchangein, or changein thenatureof, arelevant interest (2)of thesubstantial holder or anassociate(3) invotingsecuritiesof thecompanyor scheme, sincethe substantial holder waslast requiredtogiveasubstantial holdingnoticeto thecompanyor schemeareasfollows:

1. Changes in association

   Thepersonswhohavebecomeassociates (3)of, ceasedtobeassociatesof, or havechangedthenatureof their association(7)with, thesubstantial holder in relationtovoting interests in thecompanyor schemeareasfollows:

   Name andACN/ARSN (if applicable)	Nature of association

2. Addresses

Theaddressesof personsnamedin this formareasfollows:

print name Dennis Ivers

capacity *Authorised Signatory

05 / 04

/ 2017

1. If there area number of substantial holders withsimilaror relatedrelevant interests (eg. a corporationandits relatedc orporations, or themanager andtrusteeof an equity trust), thenamescouldbeincludedinanannexure to theform. If therelevant interestsof agroupof personsareess entiallysimilar, theymaybereferredto throughout the formasa specifically namedgroupif themembership of eachgroup, with thenamesandaddressesof members isc learly set out in paragraph4 of the form.

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

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

4. Includedetailsof:

5. anyrelevant agreement orother circumstancesbecauseof which thechangein relevant interest occurred. If subsection671B (4)applies, a copyof any document settingout the termsof anyrelevant agreement, anda statement by thepersongiving full andaccurate details of any contract, scheme or arrangement, must accompanythis form, together witha writtenstatement certifyingthiscontract, schemeor arrangement; and

6. 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.

7. 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 thepersonfrom whom therelevant interest wasacquired.

8. Thevotingsharesof acompanyconstituteoneclassunlessdividedintoseparateclasses.

9. Givedetails, if appropriate, of thepresent associationandanychangein that associationsincethelast substantial holdi ngnotice.

Annexure A
This is Annexure A of 1 pages referred to in form 605 Notice of ceasing to be a substantial shareholder
05-Apr-17
Dennis Ivers, Authorised Signatory		Date
2. Changes in relevant interests
TREASURY WINE ESTATES LTD (TWE)
Date of Change	Person whose relevant interest changed	Nature of change (4) / Consideration given in relation to change (5)		CCY	Class (6) and number of securities affected		Person's votes affected
03-Apr-17	BlackRock Investment Management (Australia) Limited	on mkt buy	12.12	AUD	ord	99,214	99,214
03-Apr-17	BlackRock Investment Management (Australia) Limited	on mkt buy	12.12	AUD	ord	2,105	2,105
03-Apr-17	BlackRock Investment Management (Australia) Limited	on mkt buy	12.15	AUD	ord	13,005	13,005
03-Apr-17	BlackRock Advisors (UK) Limited	on mkt buy	12.15	AUD	ord	1,473	1,473
03-Apr-17	BlackRock Japan Co., Ltd.	on mkt sell	12.23	AUD	ord	-1,554	-1,554
03-Apr-17	BlackRock Institutional Trust Company, National Association	in specie	n/a	AUD	ord	3,066	3,066
03-Apr-17	BlackRock Advisors (UK) Limited	collateral transfer	n/a	AUD	ord	-1,016,229	-1,016,229
03-Apr-17	BlackRock Investment Management (UK) Limited	collateral transfer	n/a	AUD	ord	26,997	26,997
03-Apr-17	BlackRock Japan Co., Ltd.	collateral transfer	n/a	AUD	ord	-5,275	-5,275

TWE page 1 of 1

Annexure B
This is Annexure B of 1 pages referred to in form 605 Notice of ceasing to be a substantial shareholder
05-Apr-17
Dennis Ivers, Date Authorised Signatory
7. Addresses
The addresses of persons named in this form are as follows:
Name	Address
BlackRock Group
BlackRock Inc.	55 East 52nd Street New York NY 10055 USA
BlackRock Advisors (UK) Limited	12 Throgmorton Avenue. London, EC2N 2DL, United Kingdom
BlackRock Institutional Trust Company, National Association	1225 17th Street, Suite 300, Denver, CO 80202 (Colorado, USA)
BlackRock Investment Management (Australia) Limited	Level 26, 101 Collins Street Melbourne VIC 3000 Australia (Victoria, Australia)
BlackRock Investment Management (UK) Limited	12 Throgmorton Avenue London EC2N 2DL United Kingdom
BlackRock Japan Co., Ltd.	Marunouchi Trust Tower Main, 1-8-3 Marunouchi, Chiyoda-ku, Tokyo 100-8217 (Japan)

TWE page 1 of 1