Treasury Wine Estates : Notification of Dividend Distribution

Update Summary

Entity name

TREASURY WINE ESTATES LIMITED

Security on which the Distribution will be paid

TWE - ORDINARY FULLY PAID

Announcement Type

Update to previous announcement

Date of this announcement Monday March 22, 2021

Reason for the Update

Section 4A.6 has been updated to include the DRP price.

Refer to below for full details of the announcement

Announcement DetailsPart 1 - Entity and announcement details

1.1 Name of +Entity

TREASURY WINE ESTATES LIMITED

1.2 Registered Number Type

ABN

1.3 ASX issuer code TWE

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement Section 4A.6 has been updated to include the DRP price.

1.4b Date of previous announcement(s) to this update Wednesday February 17, 2021

1.5 Date of this announcement Monday March 22, 2021

1.6 ASX +Security Code TWE

ASX +Security Description ORDINARY FULLY PAID

Part 2A - All dividends/distributions basic details

• 2A.1 Type of dividend/distribution

  Ordinary

• 2A.2 The Dividend/distribution: relates to a period of six monthsRegistration Number 24004373862

2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)

Thursday December 31, 2020

2A.4 +Record Date

Thursday March 4, 2021

2A.5 Ex Date

Wednesday March 3, 2021

2A.6 Payment Date Thursday April 1, 2021

• 2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?

  Security holder approval

  Court approval

  Lodgement of court order with +ASICACCC approval

  FIRB approval

  Another approval/condition external to the entity required before business day 0 of the timetable for the dividend/distribution.

  No

• 2A.8 Currency in which the dividend/distribution is made ("primary currency")

AUD - Australian Dollar

2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form

AUD 0.15000000

2A.10 Does the entity have arrangements relating to the currency in which the dividend/distribution is paid to securityholders that it wishes to disclose to the market?

No

2A.11 Does the entity have a securities plan for dividends/distributions on this +security?

We have a Dividend/Distribution Reinvestment Plan (DRP)

2A.11a If the +entity has a DRP, is the DRP applicable to 2A.11a(i) DRP Status in respect of thisthis dividend/distribution?

Yes

2A.12 Does the +entity have tax component information apart from franking?

No

Part 3A - Ordinary dividend/distribution

3A.1 Is the ordinary dividend/distribution estimated at this time?

No

dividend/distribution Full DRP

3A.1a Ordinary dividend/distribution estimated amount per +security

AUD

3A.1b Ordinary Dividend/distribution amount per

security

AUD 0.15000000

• 3A.2 Is the ordinary dividend/distribution franked?

  3A.2a Is the ordinary dividend/distribution fully franked?

  Yes

  Yes

• 3A.3 Percentage of ordinary dividend/distribution that is 3A.3a Applicable corporate tax rate for franking credit

franked 100.0000 %

(%) 30.0000 %

3A.4 Ordinary dividend/distribution franked amount per +security

AUD 0.15000000

3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount AUD 0.00000000

3A.7 Ordinary dividend/distribution conduit foreign income amount per security

AUD 0.00000000

Part 4A - +Dividend reinvestment plan (DRP)

3A.5 Percentage amount of dividend which is unfranked 0.0000 %

4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP?

Do not participate in DRP (i.e. cash payment)

The arithmetic average of the daily volume weighted average price of all shares traded on the ASX trading platform, or any other trading platform of an Australian financial market, during the period of ten trading days commencing on the second trading day after the Record Date.

4A.6 DRP Price (including any discount):

AUD 11.12638

4A.7 DRP +securities +issue date Thursday April 1, 2021

4A.8 Will DRP +securities be a new issue?

Yes

4A.8a Do DRP +securities rank pari passu from +issue date?

Yes

4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation?

Yes

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