Treasury Wine Estates : Appendix 3G Notification of issue of equity securities

Question no

Question

Answer

1.1

*Name of entity

We (the entity here named) give notice of the issue, conversion or payment up of the following unquoted +securities.

Treasury Wine Estates Limited

1.2

*Registration type and number

Please supply your ABN, ARSN, ARBN, ACN or another registration type and number (if you supply another registration type, please specify both the type of registration and the registration number).

ABN 24 004 373 862

1.3

*ASX issuer code

TWE

1.4

*This announcement is

Tick whichever is applicable.

☒

A new announcement

☐ An update/amendment to a previous announcement

☐

A cancellation of a previous announcement

1.4a

*Reason for update

Mandatory only if "Update" ticked in Q1.4 above. A reason must be provided for an update.

N/A

1.4b

*Date of previous announcement to this update

Mandatory only if "Update" ticked in Q1.4 above.

N/A

1.4c

*Reason for cancellation

Mandatory only if "Cancellation" ticked in Q1.4 above.

N/A

1.4d

*Date of previous announcement to this cancellation

Mandatory only if "Cancellation" ticked in Q1.4 above.

N/A

1.5

*Date of this announcement

18 March 2021

Question No.

Question

Answer

2.1

*The +securities the subject of this notification are:

Select whichever item is applicable.

If you wish to notify ASX of different types of issues of securities, please complete a separate Appendix 3G for each type of issue.

• ☐ +Securities issued as a result of options being exercised or other +convertible +securities being converted and that are not to be quoted on ASX

• ☐ Partly paid +securities that have been fully paid up and that are not to be quoted on ASX

• ☒ +Securities issued under an +employee incentive scheme that are not being immediately quoted on ASX

• ☐ Other [please specify]

• If you have selected 'other' please provide the circumstances of the issue here:

2.2a.1

Please state the number and type of options that were exercised or other +convertible securities that were converted (including their ASX security code if available)?

Answer this question if your response to Q2.1 is "securities issued as a result of options being exercised or other convertible securities being converted and that are not to be quoted on ASX".

N/A

2.2a.2

And the date the options were exercised or other +convertible securities were converted:

Answer this question if your response to Q2.1 is "securities issued as a result of options being exercised or other convertible securities being converted and that are not to be quoted on ASX".

Note: If this occurred over a range of dates, enter the date the last of the options was exercised or convertible securities was converted.

N/A

2.2b.1

Please state the number and type of partly paid +securities that were fully paid up (including their ASX security code if available)?

Answer this question if your response to Q2.1 is "partly paid securities that have been paid up and that are not to be quoted on ASX".

N/A

2.2b.2

And the date the +securities were fully paid up:

Answer this question if your response to Q2.1 is "partly paid securities that have been paid up and that are not to be quoted on ASX".

Note: If this occurred over a range of dates, enter the date the last of the securities was fully paid up.

N/A

2.2c.1

Please state the number and type of +securities (including their ASX security code) issued under an +employee incentive scheme that are not being immediately quoted on ASX

Answer this question if your response to Q2.1 is "securities issued under an employee incentive scheme that are not being immediately quoted on ASX".

44,829 deferred share rights (TWE) granted under the TWE 2020 Share Cellar Plan

2.2c.2

*Please attach a document or provide details of a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms.

Answer this question if your response to Q2.1 is "securities issued under an employee incentive scheme that are not being immediately quoted on ASX".

Share Cellar (broad-based Employee Share Plan)

Share Cellar is the Group's broad-based Employee Share Plan offered annually to employees. Participation is voluntary and employees in select countries are eligible to participate in the Plan.

Share Cellar operates as a matching plan whereby employees contribute funds from their after-tax pay which are used to acquire shares in the Company (Acquired Shares). For employees enrolling in the 2020 Plan, the Group will deliver one matched share for every Acquired Share held at the plan vesting date, subject to continued employment. This is facilitated by the grant of one deferred share right for every Acquired Share.

Each deferred share right granted under the Plan is a right to receive one fully paid ordinary share in Treasury Wine Estates Limited on vesting of the deferred share right, subject to ongoing employment.

For further details regarding the TWE Share Cellar Plan, refer to the 2020 Remuneration Report available athttps://www.tweglobal.com/investors

2.2c.3

*Are any of these +securities being issued to +key management personnel (KMP) or an +associate

Answer this question if your response to Q2.1 is "securities issued under an employee incentive scheme that are not being immediately quoted on ASX".

No