Perpetual Limited — Major Shareholding Notification 2011

Jul 3, 2011

Corporations Law Section 671B

Form 604

Notice of change of interests of substantial holder

To Company Name/Scheme TREASURY WINE ESTATE

ACN/ARSN 004 373 862

1. Details of substantial holder (1)

Name	PERPETUAL LIMITED and subsidiaries	PERPETUAL LIMITED and subsidiaries
ACN (if applicable)	000	431 827
There was a change in the interests of t
Substantial holder on		30 /06/_2011__
The previous notice was given to the company	on	_12 /05/2011__
The previous notice was dated		_10 /05/2011__

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previousnotice	Previousnotice	Presentnotice	Presentnotice
	Person’s votes	Voting power (5)	Person’s votes	Voting power (5)
Ordinary	42,490,861	6.54%	34,818,996	5.38%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person’s votes affected
	Refer annexure 3

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered asholder(8)	Nature of relevant interest (6)	Class and number of securities	Person’s votes
	Refer annexure 1 & 2

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

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Name and ACN (if applicable) Nature of association
Refer to Annexure 1
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6. Addresses

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The addresses of persons named in this form are as follows:
Name Address
Refer to Annexure 1
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Signature
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Print name GLENDA CHARLES

Capacity DEPUTY COMPANY SECRETARY

ANNEXURE 1 - Perpetual Investments Account Codes & Details

Perpetual Investments Management Limited (PIML), subsidiary of Perpetual Limited, as Responsible Entity for:

INTERNAL CODE	ACCOUNT DETAILS	REGISTRATION DETAILS
ALL 'PC' CODES	RBC Dexia Investor Services Trust ACF: PIML (Select Investments) RBC Dexia Investor Services Australia Pty Limited GPO Box 5430 Sydney NSW 2001	RBC Dexia Investor Services Trust ACF: PIML (Select Investments) RBC Dexia Investor Services Australia Pty Limited GPO Box 5430 Sydney NSW 2001
PCEF	RBC Dexia Investor Services Trust ACF: Perpetual's Wholesale Concentrated Equity Fund Account Code: PICEF GPO Box 5430 Sydney NSW 2001	RBC Dexia Investor Services Trust GPO Box 5430 Sydney NSW 2001
PCCEF	RBC Dexia Investor Services Trust ACF: PIML (Select Investments) Account Code: PCCEF GPO Box 5430 Sydney NSW 2001	RBC Dexia Investor Services Trust GPO Box 5430 Sydney NSW 2001
PIBIAS	RBC Dexia Investor Services Trust ACF: Perpetual's Benchmark Industrial Australian Share Fund Account Code: PIBIAS GPO Box 5430 Sydney NSW 2001	RBC Dexia Investor Services Trust GPO Box 5430 Sydney NSW 2001
PIGPVF	RBC Dexia Investor Services Trust ACF: Perpetual's Pure Value 2 Share Fund Account Code: PIGPVF GPO Box 5430 Sydney NSW 2001	RBC Dexia Investor Services Trust GPO Box 5430 Sydney NSW 2001
PIGSFP	RBC Dexia Investor Services Trust ACF: Perpetual's Australian Share Fund Account Code: PIGSFP GPO Box 5430 Sydney NSW 2001	RBC Dexia Investor Services Trust GPO Box 5430 Sydney NSW 2001
PIICAP	RBC Dexia Investor Services Trust ACF: Perpetual's Investor Choice Fund Account Code: PIICAP GPO Box 5430 Sydney NSW 2001	RBC Dexia Investor Services Trust GPO Box 5430 Sydney NSW 2001
PIISF	RBC Dexia Investor Services Trust ACF: Perpetual's Industrial Share Fund Account Code: PIISF GPO Box 5430 Sydney NSW 2001	RBC Dexia Investor Services Trust GPO Box 5430 Sydney NSW 2001
PIRAF	RBC Dexia Investor Services Trust ACF: Perpetual Resources Fund Account code: PIRAF GPO Box 5430 Sydney NSW 2001	RBC Dexia Investor Services Trust GPO Box 5430 Sydney NSW 2001
PISINP	RBC Dexia Investor Services Trust ACF: Perpetual's Investor Choice Fund Account Code: PISINP GPO Box 5430 Sydney NSW 2001	RBC Dexia Investor Services Trust GPO Box 5430 Sydney NSW 2001
PISMA1	RBC Dexia Investor Services Trust ACF: Perpetual's Australian Share Fund Account Code: PISMA1 GPO Box 5430 Sydney NSW 2001	RBC Dexia Investor Services Trust GPO Box 5430 Sydney NSW 2001
PISMA2	RBC Dexia Investor Services Trust ACF: Perpetual's Australian Share Fund Account Code: PISMA2 GPO Box 5430 Sydney NSW 2001	RBC Dexia Investor Services Trust GPO Box 5430 Sydney NSW 2001
PIWGAP	UBS Nominee Pty Ltd ACF: Perpetual Wholesale Geared Australian Share Fund Account code: A111266 C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2001	UBS Nominee Pty Ltd Level 16, Chifley Tower 2 Chifley Square Sydney NSW 2000
PIWCPF	UBS Nominee Pty Ltd ACF: PI Protected Aust Share Fund A Account code PIWCPF C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2001	UBS Nominee Pty Ltd Level 16, Chifley Tower 2 Chifley Square Sydney NSW 2000
PIWJPI	RBC Dexia Investor Services Trust ACF: Perpetual JF Wholesale Prop Income Fund Account Code: PIWJPI GPO Box 5430 Sydney NSW 2001	RBC Dexia Investor Services Trust GPO Box 5430 Sydney NSW 2001

This is Annexure 1 Page 1 of 4 of 604

PIWQLS	UBS Nominee Pty Ltd ACF: Perpetual QI Long Short Fund Account code: A1025745 C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2001	UBS Nominee Pty Ltd Level 16, Chifley Tower 2 Chifley Square Sydney NSW 2000
PIWSPF	UBS Nominee Pty Ltd ACF: Perpetual Wholesale Share Plus Fund Account code: A111267 C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2001	UBS Nominee Pty Ltd Level 16, Chifley Tower 2 Chifley Square Sydney NSW 2000
PMWSC	RBC Dexia Investor Services Trust ACF: Perpetual Wholesale Smaller Company Fund Account Code: PIWSCS GPO Box 5430 Sydney NSW 2001	RBC Dexia Investor Services Trust GPO Box 5430 Sydney NSW 2001
PMWSRF	RBC Dexia Investor Services Trust ACF: Perpetual Wholesael Ethical Fund Account Code: PIWSRF GPO Box 5430 Sydney NSW 2001	RBC Dexia Investor Services Trust GPO Box 5430 Sydney NSW 2001
Perpetual Investments Management Limited (PIML), subsidiary of Perpetual Limited, as Trustee for:
ALL 'SS' CODES	RBC Dexia Investor Services Trust ACF: PIML (Select Super) RBC Dexia Investor Services Australia Pty Limited GPO Box 5430 Sydney NSW 2001	RBC Dexia Investor Services Trust ACF: PIML (Select Super) RBC Dexia Investor Services Australia Pty Limited GPO Box 5430 Sydney NSW 2001
Perpetual Investments Management Limited (PIML), subsidiary of Perpetual Limited, under Investment Management Agreements with:

INTERNAL CODE	ACCOUNT DETAILS	REGISTRATION DETAILS
CBAISF	Citicorp Nominees Pty Ltd. ACF: Commonwealth Aust Shares Fund 4 Account Code:PICISF C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2001	Citicorp Nominees Pty Ltd A/C EASS04 GPO Box 764G Melbourne VIC 3001
NSWTC	Cogent Nominees Pty Ltd ACF: NSW Treasury Corporation Account Code: PINSWT C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2001	Cogent Nominees Pty Limited A/C HGFPTE P.O. Box R209 Royal Exchange Sydney NSW 1225
PIACT	JP Morgan Chase Nominees Ltd ACF: Australian Capital Territory Treasury Account Code: PIACT C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2001	JP Morgan Chase Nominees A/C 32512 Locked Bag 7, Royal Exchange Sydney NSW 2000
PIAVIV	JP Morgan Chase Nominees limited ACF: NAVIGATOR AUSTRALIA LIMITED Account Code: PIAVIV C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2001	JP Morgan Chase Nominees A/C 58815 Locked Bag 7, Royal Exchange Sydney NSW 2000
PICATH	National Australia Custodian Services ACF: CATHOLIC SUPER FUND PTY LTD Account Code: PICATH C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2001	National Australia Custodian Services A/C CDPRDE/17392-10 Level 21, 500 Bourke St Melbourne VIC 3000
PIEFM6	Cogent Nominees Pty Ltd ACF: EFM Australian Share Fund 6 Account Code: PIEFM6 C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2001	Cogent Nominees Pty Limited A/C WTXME6 P.O. Box R209 Royal Exchange Sydney NSW 1225
PIFIRS	National Nominees Ltd ACF: FIRST SUPER MANDATE AUSTRALIA Account Code: PIFIRS C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2001	National Australia Custodian Services A/C 16444-14 Level 21, 500 Bourke St Melbourne VIC 3000
PIHEAL	JP Morgan Chase Nominees limited ACF: HEALTH SUPER PTY LTD Account Code: PIHEAL C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2001	JP Morgan Chase Nominees A/C 74805 Locked Bag 7, Royal Exchange Sydney NSW 2000
PIHEST	JP Morgan Chase Nominees limited ACF: HEST Australia Limited Account Code: PIHEST C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2001	JP Morgan Chase Nominees A/C 33112 Locked Bag 7, Royal Exchange Sydney NSW 2000

This is Annexure 1 Page 2 of 4 of 604

PILGSS	JP Morgan Chase Nominees limited ACF: HEST Australia Limited Account Code: PILGSS C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2002	JP Morgan Chase Nominees A/C 56466 Locked Bag 7, Royal Exchange Sydney NSW 2000
PILUCR	JP Morgan Chase Nominees Ltd ACF: LUCRF PTY LTD MANDATE Account code: PILUCR C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2000	JP Morgan Chase Nominees A/C 58865 Locked Bag 7, Royal Exchange Sydney NSW 1999
PIMEDA	Cogent Nominees Pty Ltd ACF: MEDIA SUPER SMALLER COMPANIES FUND Account code: PIMEDA C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2000	Cogent Nominees Pty Ltd A/C PISPTE P.O. Box R209, Royal Exchange Sydney NSW 1225
PIRAEO	State Street Australia Limited ACF: RUSSELL AUSTRALIAN OPPORTUNITIES FUND Account code: PIRAEO C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2000	State Street Australia Limited A/C BT7B Level 18, 338 Pitt Street Sydney NSW 2000
PISTCF	JP Morgan Chase Nominees Ltd ACF: SAS Trustee Corporation Account code: PISTCF C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2001	JP Morgan Chase Nominees A/C 34893 Locked Bag 7, Royal Exchange Sydney NSW 2000
PITWUS	National Nominees Ltd ACF: TWU SUPERANNUATION Account Code: PITWUS C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2001	National Australia Custodian Services A/C TUPPAE/16448-28 Level 21, 500 Bourke St Melbourne VIC 3000
PMCBUS	National Nominees Ltd ACF: Construction & Building Union Superannuation Fund Account Code: PICBUS C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2001	National Australia Custodian Services A/C CBPFAE/5267-15 Level 21, 500 Bourke St Melbourne VIC 3000
PMCGSF	Citicorp Nominees Pty Ltd ACF: Commonwealth Aust Shares Fund 11 Account Code: PICGSF C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2001	Citicorp Nominees Pty Ltd A/C EASS11 GPO Box 764G Melbourne VIC 3001
PMCPSF	Citicorp Nominees Pty Ltd ACF:Commonwealth Property Fund 3 Account Code: PICPSF C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2001	Citicorp Nominees Pty Ltd A/C EPSS03 GPO Box 764G Melbourne VIC 3001
PIAUST	JP Morgan Chase Nominees Limited ACF: Australian Super Ethical SRI Fund Account Code: PIAUST C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2001	JP Morgan Chase Nominees A/C 36018 Locked Bag 7 Royal Exchange Sydney NSW 2000
PMHOST	JP Morgan Chase Nominees Limited ACF: Host - Plus Pty Ltd Account Code: PIHOST C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2001	JP Morgan Chase Nominees A/C 20004 Locked Bag 7 Royal Exchange Sydney NSW 2000
PMSTA	JP Morgan Chase Nominees Limited ACF: Super Trust of Australia Account Code: PISTA C/- RBC Dexia Investor Services Australia Nominees Pty Limited GPO Box 5430 Sydney NSW 2001	JP Morgan Chase Nominees A/C 40909 Locked Bag 7 Royal Exchange Sydney NSW 2000
QITE2	RBC Dexia Investor Services Trust ACF: Quantitative Investments TE 2 Equity Fund Account Code: PIQTE2 GPO Box 5430 Sydney NSW 2001	RBC Dexia Investor Services Trust GPO Box 5430 Sydney NSW 2001
T2	Perpetual Trustee Company Limited (Private Client Division)	Perpetual Trustee Company Limited GPO Box 4172 Sydney NSW 2001
T3	Perpetual Trustees Victoria Limited (Private Client Division)	Perpetual Trustee Company Limited GPO Box 4172 Sydney NSW 2001

This is Annexure 1 Page 3 of 4 of 604

T4	Perpetual Trustees Queensland Limited (Private Client Division)	Perpetual Trustee Company Limited GPO Box 4172 Sydney NSW 2001
T6	Perpetual Trustees WA Limited (Private Client Division)	Perpetual Trustee Company Limited GPO Box 4172 Sydney NSW 2001
T7	Perpetual Trustee Company Canberra Limited (Private Client Division)	Perpetual Trustee Company Limited GPO Box 4172 Sydney NSW 2001
TEL	National Nominees Limited ACF: Telstra Superannuation Pty Limited Account Code: PITEL C/- RBC Dexia Investor Services Australia nominees Pty Limited GPO Box 5430 Sydney NSW 2001	National Australia Custodian Services A/C 3093-15 TSPPAE Level 21, 500 Bourke Street Melbourne VIC 3000

Perpetual Limited GPO BOX 4172 Sydney NSW 2001

This is Annexure 1 Page 4 of 4 of 604

ANNEXURE 2

PRESENT RELEVANT INTERESTS

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This is annexure 2 Page 1 of 1 referred to in Form 604 Title: Notice of change in interest of substantial holder

ANNEXURE 3

CHANGES IN RELEVENT INTERESTS

Account	Security		Volume		Value	Price		BrkCode	AsAtDate
PISINP	TWE		42,283		134,037	$	3.17	UBSW	24/05/2011
PISINP	TWE		33,827		107,232	$	3.17	JBWERE	24/05/2011
PISINP	TWE		84,566		267,651	$	3.17	JPM	24/05/2011
PISINP	TWE		167,890		547,321	$	3.26	JPM	26/05/2011
PISINP	TWE		35,613		116,098	$	3.26	UBSW	26/05/2011
PISINP	TWE		51,008		167,306	$	3.28	UBSW	27/05/2011
PISINP	TWE	-	114,604	-	396,954	$	3.46	SSB	08/06/2011
PISINP	TWE	-	28,346	-	99,211	$	3.50	RBS	09/06/2011
PISINP	TWE	-	151,852	-	529,341	$	3.49	SSB	09/06/2011
PISINP	TWE	-	50,911	-	178,229	$	3.50	JPM	10/06/2011
CBAISF	TWE		61,775		195,827	$	3.17	UBSW	24/05/2011
CBAISF	TWE		49,420		156,661	$	3.17	JBWERE	24/05/2011
CBAISF	TWE		123,550		391,036	$	3.17	JPM	24/05/2011
CBAISF	TWE		51,575		168,135	$	3.26	UBSW	26/05/2011
CBAISF	TWE		243,140		792,636	$	3.26	JPM	26/05/2011
CBAISF	TWE		74,618		244,747	$	3.28	UBSW	27/05/2011
CBAISF	TWE	-	158,007	-	547,289	$	3.46	SSB	08/06/2011
CBAISF	TWE	-	220,808	-	769,715	$	3.49	SSB	09/06/2011
CBAISF	TWE	-	41,218	-	144,263	$	3.50	RBS	09/06/2011
CBAISF	TWE	-	73,563	-	257,529	$	3.50	JPM	10/06/2011
PMISF	TWE		559,128		1,769,640	$	3.17	JPM	24/05/2011
PMISF	TWE		279,565		886,221	$	3.17	UBSW	24/05/2011
PMISF	TWE		223,651		708,974	$	3.17	JBWERE	24/05/2011
PMISF	TWE		231,940		756,124	$	3.26	UBSW	26/05/2011
PMISF	TWE		1,093,431		3,564,585	$	3.26	JPM	26/05/2011
PMISF	TWE		329,513		1,080,803	$	3.28	UBSW	27/05/2011
PMISF	TWE	-	732,444	-	2,536,966	$	3.46	SSB	08/06/2011
PMISF	TWE	-	995,905	-	3,471,625	$	3.49	SSB	09/06/2011
PMISF	TWE	-	185,902	-	650,657	$	3.50	RBS	09/06/2011
PMISF	TWE	-	332,017	-	1,162,325	$	3.50	JPM	10/06/2011
PIEFM6	TWE		37,430		118,653	$	3.17	UBSW	24/05/2011
PIEFM6	TWE		29,944		94,922	$	3.17	JBWERE	24/05/2011
PIEFM6	TWE		74,861		236,935	$	3.17	JPM	24/05/2011
PIEFM6	TWE		145,539		474,457	$	3.26	JPM	26/05/2011
PIEFM6	TWE		30,872		100,643	$	3.26	UBSW	26/05/2011
PIEFM6	TWE		44,861		147,144	$	3.28	UBSW	27/05/2011
PIEFM6	TWE	-	94,945	-	328,861	$	3.46	SSB	08/06/2011
PIEFM6	TWE	-	24,534	-	85,869	$	3.50	RBS	09/06/2011
PIEFM6	TWE	-	131,435	-	458,169	$	3.49	SSB	09/06/2011
PIEFM6	TWE	-	43,509	-	152,316	$	3.50	JPM	10/06/2011
PIHEAL	TWE	-	10,698	-	37,850	$	3.54	MSDW	11/05/2011
PIHEAL	TWE	-	9,664	-	33,824	$	3.50	JBWERE	11/05/2011
PIHEAL	TWE	-	9,179	-	32,158	$	3.50	JBWERE	19/05/2011
PIHEAL	TWE	-	35,466	-	122,358	$	3.45	DMG	06/06/2011
PIHEAL	TWE	-	35,465	-	122,251	$	3.45	SSB	06/06/2011
PIHEAL	TWE	-	22,380	-	77,518	$	3.46	SSB	08/06/2011
PIHEAL	TWE	-	40,193	-	140,676	$	3.50	JBWERE	09/06/2011

This is annexure 3 Page 1 of 7 referred to in Form 604 Title: Notice of change in interest of substantial holder

PIHEAL	TWE	-	22,161	-	74,516	$	3.36	MSDW	16/06/2011
PIHEAL	TWE	-	11,576	-	38,638	$	3.34	DMG	17/06/2011
PIHEAL	TWE	-	46,634	-	159,073	$	3.41	JBWERE	30/06/2011
PIHEAL	TWE	-	6,995	-	23,993	$	3.43	SCE	30/06/2011
PICATH	TWE	-	8,118	-	28,721	$	3.54	MSDW	11/05/2011
PICATH	TWE	-	7,920	-	27,720	$	3.50	JBWERE	11/05/2011
PICATH	TWE	-	12,271	-	43,930	$	3.58	UBSW	16/05/2011
PICATH	TWE	-	6,616	-	23,685	$	3.58	MSDW	17/05/2011
PICATH	TWE	-	7,940	-	28,630	$	3.61	JBWERE	17/05/2011
PICATH	TWE	-	16,413	-	58,624	$	3.57	JBWERE	18/05/2011
PICATH	TWE	-	16,209	-	56,787	$	3.50	JBWERE	19/05/2011
PICATH	TWE	-	659,127	-	2,287,171	$	3.47	ZINSPECIE	07/06/2011
PCAEPR	TWE	-	9,163	-	32,419	$	3.54	MSDW	11/05/2011
PCAEPR	TWE	-	8,947	-	31,315	$	3.50	JBWERE	11/05/2011
PCAEPR	TWE	-	13,873	-	49,665	$	3.58	UBSW	16/05/2011
PCAEPR	TWE	-	8,960	-	32,308	$	3.61	JBWERE	17/05/2011
PCAEPR	TWE	-	7,467	-	26,732	$	3.58	MSDW	17/05/2011
PCAEPR	TWE	-	21,799	-	77,862	$	3.57	JBWERE	18/05/2011
PCAEPR	TWE	-	18,225	-	63,849	$	3.50	JBWERE	19/05/2011
PCAEPR	TWE		49,552		159,572	$	3.22	CSFB	24/05/2011
PCAEPR	TWE	-	37,953	-	130,828	$	3.45	SSB	06/06/2011
PCAEPR	TWE	-	37,952	-	130,934	$	3.45	DMG	06/06/2011
PCAEPR	TWE	-	20,107	-	69,645	$	3.46	SSB	08/06/2011
PCAEPR	TWE	-	36,083	-	126,291	$	3.50	JBWERE	09/06/2011
PCAEPR	TWE	-	19,900	-	66,914	$	3.36	MSDW	16/06/2011
PCAEPR	TWE	-	10,387	-	34,670	$	3.34	DMG	17/06/2011
PCAEPR	TWE	-	41,851	-	142,758	$	3.41	JBWERE	30/06/2011
PCAEPR	TWE	-	6,278	-	21,534	$	3.43	SCE	30/06/2011
PCEF	TWE	-	41,804	-	147,903	$	3.54	MSDW	11/05/2011
PCEF	TWE	-	35,907	-	125,675	$	3.50	JBWERE	11/05/2011
PCEF	TWE	-	54,399	-	194,748	$	3.58	UBSW	16/05/2011
PCEF	TWE	-	36,001	-	129,812	$	3.61	JBWERE	17/05/2011
PCEF	TWE	-	30,001	-	107,404	$	3.58	MSDW	17/05/2011
PCEF	TWE	-	74,456	-	265,942	$	3.57	JBWERE	18/05/2011
PCEF	TWE	-	73,196	-	256,435	$	3.50	JBWERE	19/05/2011
PCEF	TWE	-	120,039	-	414,135	$	3.45	DMG	06/06/2011
PCEF	TWE	-	120,039	-	413,786	$	3.45	SSB	06/06/2011
PCEF	TWE	-	79,050	-	273,805	$	3.46	SSB	08/06/2011
PCEF	TWE	-	138,220	-	483,770	$	3.50	JBWERE	09/06/2011
PCEF	TWE	-	74,379	-	250,099	$	3.36	MSDW	16/06/2011
PCEF	TWE	-	41,136	-	137,304	$	3.34	DMG	17/06/2011
PCEF	TWE	-	158,652	-	541,178	$	3.41	JBWERE	30/06/2011
PCEF	TWE	-	23,798	-	81,627	$	3.43	SCE	30/06/2011
PIACT	TWE	-	5,243	-	18,550	$	3.54	MSDW	11/05/2011
PIACT	TWE	-	5,126	-	17,941	$	3.50	JBWERE	11/05/2011
PIACT	TWE	-	7,942	-	28,432	$	3.58	UBSW	16/05/2011
PIACT	TWE	-	5,138	-	18,527	$	3.61	JBWERE	17/05/2011
PIACT	TWE	-	4,282	-	15,330	$	3.58	MSDW	17/05/2011
PIACT	TWE	-	10,622	-	37,940	$	3.57	JBWERE	18/05/2011
PIACT	TWE	-	10,487	-	36,740	$	3.50	JBWERE	19/05/2011
PIACT	TWE	-	16,774	-	57,870	$	3.45	DMG	06/06/2011
PIACT	TWE	-	16,774	-	57,822	$	3.45	SSB	06/06/2011
PIACT	TWE	-	10,023	-	34,717	$	3.46	SSB	08/06/2011

This is annexure 3 Page 2 of 7 referred to in Form 604 Title: Notice of change in interest of substantial holder

PIACT	TWE	-	22,200	-	77,700	$	3.50	JBWERE	09/06/2011
PIACT	TWE	-	10,280	-	34,567	$	3.36	MSDW	16/06/2011
PIACT	TWE	-	6,299	-	21,025	$	3.34	DMG	17/06/2011
PIACT	TWE	-	22,915	-	78,165	$	3.41	JBWERE	30/06/2011
PIACT	TWE	-	3,437	-	11,789	$	3.43	SCE	30/06/2011
PIAVIV	TWE	-	11,409	-	39,932	$	3.50	JBWERE	09/06/2011
PIBIAS	TWE	-	133,333	-	451,999	$	3.39	JPM	12/05/2011
PIBIAS	TWE	-	250,000	-	862,500	$	3.45	UBSW	12/05/2011
PIBIAS	TWE	-	250,000	-	862,500	$	3.45	JBWERE	12/05/2011
NSWTC	TWE	-	11,961	-	42,318	$	3.54	MSDW	11/05/2011
NSWTC	TWE	-	11,697	-	40,940	$	3.50	JBWERE	11/05/2011
NSWTC	TWE	-	18,127	-	64,895	$	3.58	UBSW	16/05/2011
NSWTC	TWE	-	11,726	-	42,282	$	3.61	JBWERE	17/05/2011
NSWTC	TWE	-	9,772	-	34,984	$	3.58	MSDW	17/05/2011
NSWTC	TWE	-	24,259	-	86,648	$	3.57	JBWERE	18/05/2011
NSWTC	TWE	-	23,954	-	83,920	$	3.50	JBWERE	19/05/2011
NSWTC	TWE	-	39,798	-	137,303	$	3.45	DMG	06/06/2011
NSWTC	TWE	-	39,798	-	137,188	$	3.45	SSB	06/06/2011
NSWTC	TWE	-	26,063	-	90,274	$	3.46	SSB	08/06/2011
NSWTC	TWE	-	45,088	-	157,808	$	3.50	JBWERE	09/06/2011
NSWTC	TWE	-	24,850	-	83,558	$	3.36	MSDW	16/06/2011
NSWTC	TWE	-	12,969	-	43,288	$	3.34	DMG	17/06/2011
NSWTC	TWE	-	52,271	-	178,302	$	3.41	JBWERE	30/06/2011
NSWTC	TWE	-	7,841	-	26,895	$	3.43	SCE	30/06/2011
PISINP	TWE		3,291		10,432	$	3.17	UBSW	24/05/2011
PISINP	TWE		2,633		8,347	$	3.17	JBWERE	24/05/2011
PISINP	TWE		6,582		20,832	$	3.17	JPM	24/05/2011
PISINP	TWE		46,163		154,803	$	3.35	ML	31/05/2011
PISINP	TWE	-	24,484	-	85,694	$	3.50	JBWERE	09/06/2011
TEL	TWE	-	20,000	-	70,760	$	3.54	MSDW	11/05/2011
TEL	TWE	-	20,000	-	70,000	$	3.50	JBWERE	11/05/2011
TEL	TWE	-	33,875	-	121,273	$	3.58	UBSW	16/05/2011
TEL	TWE	-	49,567	-	177,450	$	3.58	UBSW	16/05/2011
TEL	TWE	-	19,200	-	69,231	$	3.61	JBWERE	17/05/2011
TEL	TWE	-	16,000	-	57,280	$	3.58	MSDW	17/05/2011
TEL	TWE	-	40,000	-	142,868	$	3.57	JBWERE	18/05/2011
TEL	TWE	-	40,000	-	140,136	$	3.50	JBWERE	19/05/2011
TEL	TWE	-	250,000	-	862,500	$	3.45	DMG	06/06/2011
TEL	TWE	-	250,000	-	861,775	$	3.45	SSB	06/06/2011
TEL	TWE	-	40,000	-	138,548	$	3.46	SSB	08/06/2011
TEL	TWE	-	80,000	-	280,000	$	3.50	JBWERE	09/06/2011
TEL	TWE	-	40,000	-	134,500	$	3.36	MSDW	16/06/2011
TEL	TWE	-	29,191	-	97,434	$	3.34	DMG	17/06/2011
PMSTA	TWE	-	52,588	-	186,056	$	3.54	MSDW	11/05/2011
PMSTA	TWE	-	51,482	-	180,187	$	3.50	JBWERE	11/05/2011
PMSTA	TWE	-	79,671	-	285,222	$	3.58	UBSW	16/05/2011
PMSTA	TWE	-	51,543	-	185,854	$	3.61	JBWERE	17/05/2011
PMSTA	TWE	-	42,953	-	153,772	$	3.58	MSDW	17/05/2011
PMSTA	TWE	-	106,682	-	381,047	$	3.57	JBWERE	18/05/2011
PMSTA	TWE	-	105,229	-	368,659	$	3.50	JBWERE	19/05/2011
PMSTA	TWE	-	169,798	-	585,803	$	3.45	DMG	06/06/2011
PMSTA	TWE	-	169,798	-	585,311	$	3.45	SSB	06/06/2011
PMSTA	TWE	-	100,684	-	348,739	$	3.46	SSB	08/06/2011

This is annexure 3 Page 3 of 7 referred to in Form 604 Title: Notice of change in interest of substantial holder

PMSTA	TWE	-	222,807	-	779,825	$	3.50	JBWERE	09/06/2011
PMSTA	TWE	-	102,875	-	345,917	$	3.36	MSDW	16/06/2011
PMSTA	TWE	-	63,245	-	211,099	$	3.34	DMG	17/06/2011
PMSTA	TWE	-	230,043	-	784,700	$	3.41	JBWERE	30/06/2011
PMSTA	TWE	-	34,506	-	118,356	$	3.43	SCE	30/06/2011
PMISF	TWE		47,717		151,024	$	3.17	JPM	24/05/2011
PMISF	TWE		23,858		75,630	$	3.17	UBSW	24/05/2011
PMISF	TWE		19,086		60,503	$	3.17	JBWERE	24/05/2011
PMISF	TWE		297,009		995,990	$	3.35	ML	31/05/2011
PMISF	TWE	-	151,833	-	531,416	$	3.50	JBWERE	09/06/2011
PMHOST	TWE	-	12,283	-	43,457	$	3.54	MSDW	11/05/2011
PMHOST	TWE	-	12,003	-	42,011	$	3.50	JBWERE	11/05/2011
PMHOST	TWE	-	18,587	-	66,541	$	3.58	UBSW	16/05/2011
PMHOST	TWE	-	12,036	-	43,399	$	3.61	JBWERE	17/05/2011
PMHOST	TWE	-	10,029	-	35,904	$	3.58	MSDW	17/05/2011
PMHOST	TWE	-	24,871	-	88,834	$	3.57	JBWERE	18/05/2011
PMHOST	TWE	-	24,558	-	86,037	$	3.50	JBWERE	19/05/2011
PMHOST	TWE	-	40,843	-	140,908	$	3.45	DMG	06/06/2011
PMHOST	TWE	-	40,844	-	140,793	$	3.45	SSB	06/06/2011
PMHOST	TWE	-	25,801	-	89,367	$	3.46	SSB	08/06/2011
PMHOST	TWE	-	46,314	-	162,099	$	3.50	JBWERE	09/06/2011
PMHOST	TWE	-	25,525	-	85,828	$	3.36	MSDW	16/06/2011
PMHOST	TWE	-	13,322	-	44,466	$	3.34	DMG	17/06/2011
PMHOST	TWE	-	53,676	-	183,094	$	3.41	JBWERE	30/06/2011
PMHOST	TWE	-	8,051	-	27,615	$	3.43	SCE	30/06/2011
PMCGSF	TWE		12,383		39,254	$	3.17	UBSW	24/05/2011
PMCGSF	TWE		9,906		31,402	$	3.17	JBWERE	24/05/2011
PMCGSF	TWE		24,767		78,388	$	3.17	JPM	24/05/2011
PMCGSF	TWE	-	10,430	-	34,016	$	3.26	ML	26/05/2011
PMCGSF	TWE		33,473		112,248	$	3.35	ML	31/05/2011
PMCGSF	TWE	-	17,976	-	62,916	$	3.50	JBWERE	09/06/2011
PMCBUS	TWE	-	28,593	-	101,162	$	3.54	MSDW	11/05/2011
PMCBUS	TWE	-	38,754	-	135,639	$	3.50	JBWERE	11/05/2011
PMCBUS	TWE	-	59,987	-	214,753	$	3.58	UBSW	16/05/2011
PMCBUS	TWE	-	38,814	-	139,956	$	3.61	JBWERE	17/05/2011
PMCBUS	TWE	-	32,345	-	115,795	$	3.58	MSDW	17/05/2011
PMCBUS	TWE	-	80,388	-	287,130	$	3.57	JBWERE	18/05/2011
PMCBUS	TWE	-	79,209	-	277,501	$	3.50	JBWERE	19/05/2011
PMCBUS	TWE	-	126,606	-	436,791	$	3.45	DMG	06/06/2011
PMCBUS	TWE	-	126,606	-	436,424	$	3.45	SSB	06/06/2011
PMCBUS	TWE	-	75,771	-	262,448	$	3.46	SSB	08/06/2011
PMCBUS	TWE	-	167,765	-	587,178	$	3.50	JBWERE	09/06/2011
PMCBUS	TWE	-	77,651	-	261,101	$	3.36	MSDW	16/06/2011
PMCBUS	TWE	-	47,633	-	158,989	$	3.34	DMG	17/06/2011
PMCBUS	TWE	-	175,097	-	597,273	$	3.41	JBWERE	30/06/2011
PMCBUS	TWE	-	26,265	-	90,089	$	3.43	SCE	30/06/2011
PIFIRS	TWE	-	3,850	-	13,621	$	3.54	MSDW	11/05/2011
PIFIRS	TWE	-	3,765	-	13,178	$	3.50	JBWERE	11/05/2011
PIFIRS	TWE	-	5,831	-	20,875	$	3.58	UBSW	16/05/2011
PIFIRS	TWE	-	3,145	-	11,259	$	3.58	MSDW	17/05/2011
PIFIRS	TWE	-	3,774	-	13,608	$	3.61	JBWERE	17/05/2011
PIFIRS	TWE	-	7,801	-	27,864	$	3.57	JBWERE	18/05/2011
PIFIRS	TWE	-	7,702	-	26,983	$	3.50	JBWERE	19/05/2011

This is annexure 3 Page 4 of 7 referred to in Form 604 Title: Notice of change in interest of substantial holder

PIFIRS	TWE	-	12,826	-	44,250	$	3.45	DMG	06/06/2011
PIFIRS	TWE	-	12,825	-	44,209	$	3.45	SSB	06/06/2011
PIFIRS	TWE	-	8,096	-	28,042	$	3.46	SSB	08/06/2011
PIFIRS	TWE	-	14,518	-	50,813	$	3.50	JBWERE	09/06/2011
PIFIRS	TWE	-	9,423	-	31,685	$	3.36	MSDW	16/06/2011
PIFIRS	TWE	-	2,799	-	9,343	$	3.34	DMG	17/06/2011
PIFIRS	TWE	-	16,820	-	57,375	$	3.41	JBWERE	30/06/2011
PIFIRS	TWE	-	2,523	-	8,654	$	3.43	SCE	30/06/2011
PITWUS	TWE	-	5,143	-	18,196	$	3.54	MSDW	11/05/2011
PITWUS	TWE	-	5,029	-	17,602	$	3.50	JBWERE	11/05/2011
PITWUS	TWE	-	7,790	-	27,888	$	3.58	UBSW	16/05/2011
PITWUS	TWE	-	5,041	-	18,177	$	3.61	JBWERE	17/05/2011
PITWUS	TWE	-	4,201	-	15,040	$	3.58	MSDW	17/05/2011
PITWUS	TWE	-	10,422	-	37,225	$	3.57	JBWERE	18/05/2011
PITWUS	TWE	-	10,288	-	36,043	$	3.50	JBWERE	19/05/2011
PITWUS	TWE	-	17,142	-	59,140	$	3.45	DMG	06/06/2011
PITWUS	TWE	-	17,142	-	59,090	$	3.45	SSB	06/06/2011
PITWUS	TWE	-	10,810	-	37,443	$	3.46	SSB	08/06/2011
PITWUS	TWE	-	19,403	-	67,911	$	3.50	JBWERE	09/06/2011
PITWUS	TWE	-	10,717	-	36,036	$	3.36	MSDW	16/06/2011
PITWUS	TWE	-	5,622	-	18,765	$	3.34	DMG	17/06/2011
PITWUS	TWE	-	22,447	-	76,569	$	3.41	JBWERE	30/06/2011
PITWUS	TWE	-	3,367	-	11,549	$	3.43	SCE	30/06/2011
PIRAEO	TWE	-	4,881	-	17,269	$	3.54	MSDW	11/05/2011
PIRAEO	TWE	-	4,830	-	16,905	$	3.50	JBWERE	11/05/2011
PIRAEO	TWE	-	7,491	-	26,818	$	3.58	UBSW	16/05/2011
PIRAEO	TWE	-	4,845	-	17,470	$	3.61	JBWERE	17/05/2011
PIRAEO	TWE	-	4,038	-	14,456	$	3.58	MSDW	17/05/2011
PIRAEO	TWE	-	10,015	-	35,772	$	3.57	JBWERE	18/05/2011
PIRAEO	TWE	-	9,883	-	34,624	$	3.50	JBWERE	19/05/2011
PIRAEO	TWE		31,539		100,972	$	3.20	SSB	24/05/2011
PIRAEO	TWE	-	17,501	-	60,378	$	3.45	DMG	06/06/2011
PIRAEO	TWE	-	17,501	-	60,328	$	3.45	SSB	06/06/2011
PIRAEO	TWE	-	11,204	-	38,807	$	3.46	SSB	08/06/2011
PIRAEO	TWE	-	20,105	-	70,368	$	3.50	JBWERE	09/06/2011
PIRAEO	TWE	-	11,099	-	37,320	$	3.36	MSDW	16/06/2011
PIRAEO	TWE	-	5,790	-	19,326	$	3.34	DMG	17/06/2011
PIRAEO	TWE	-	23,334	-	79,595	$	3.41	JBWERE	30/06/2011
PIRAEO	TWE	-	3,500	-	12,005	$	3.43	SCE	30/06/2011
PILGSS	TWE	-	5,828	-	20,619	$	3.54	MSDW	11/05/2011
PILGSS	TWE	-	5,698	-	19,943	$	3.50	JBWERE	11/05/2011
PILGSS	TWE	-	8,826	-	31,597	$	3.58	UBSW	16/05/2011
PILGSS	TWE	-	5,716	-	20,611	$	3.61	JBWERE	17/05/2011
PILGSS	TWE	-	4,763	-	17,052	$	3.58	MSDW	17/05/2011
PILGSS	TWE	-	11,809	-	42,179	$	3.57	JBWERE	18/05/2011
PILGSS	TWE	-	12,184	-	42,685	$	3.50	JBWERE	19/05/2011
PILGSS	TWE	-	19,393	-	66,906	$	3.45	DMG	06/06/2011
PILGSS	TWE	-	19,393	-	66,850	$	3.45	SSB	06/06/2011
PILGSS	TWE	-	12,235	-	42,378	$	3.46	SSB	08/06/2011
PILGSS	TWE	-	21,964	-	76,874	$	3.50	JBWERE	09/06/2011
PILGSS	TWE	-	12,103	-	40,696	$	3.36	MSDW	16/06/2011
PILGSS	TWE	-	6,318	-	21,088	$	3.34	DMG	17/06/2011
PILGSS	TWE	-	25,452	-	86,819	$	3.41	JBWERE	30/06/2011

This is annexure 3 Page 5 of 7 referred to in Form 604 Title: Notice of change in interest of substantial holder

PILGSS	TWE	-	3,818	-	13,096	$	3.43	SCE	30/06/2011
PILUCR	TWE	-	2,902	-	10,267	$	3.54	MSDW	11/05/2011
PILUCR	TWE	-	2,837	-	9,930	$	3.50	JBWERE	11/05/2011
PILUCR	TWE	-	4,394	-	15,731	$	3.58	UBSW	16/05/2011
PILUCR	TWE	-	2,846	-	10,262	$	3.61	JBWERE	17/05/2011
PILUCR	TWE	-	2,371	-	8,488	$	3.58	MSDW	17/05/2011
PILUCR	TWE	-	5,880	-	21,002	$	3.57	JBWERE	18/05/2011
PILUCR	TWE	-	5,803	-	20,330	$	3.50	JBWERE	19/05/2011
PILUCR	TWE		6,164		19,734	$	3.20	SSB	24/05/2011
PILUCR	TWE	-	9,789	-	33,772	$	3.45	DMG	06/06/2011
PILUCR	TWE	-	9,789	-	33,744	$	3.45	SSB	06/06/2011
PILUCR	TWE	-	6,261	-	21,686	$	3.46	SSB	08/06/2011
PILUCR	TWE	-	11,241	-	39,344	$	3.50	JBWERE	09/06/2011
PILUCR	TWE	-	6,197	-	20,837	$	3.36	MSDW	16/06/2011
PILUCR	TWE	-	3,240	-	10,814	$	3.34	DMG	17/06/2011
PILUCR	TWE	-	13,029	-	44,443	$	3.41	JBWERE	30/06/2011
PILUCR	TWE	-	1,954	-	6,702	$	3.43	SCE	30/06/2011
PIICAP	TWE		572		1,813	$	3.17	UBSW	24/05/2011
PIICAP	TWE		458		1,452	$	3.17	JBWERE	24/05/2011
PIICAP	TWE		1,144		3,621	$	3.17	JPM	24/05/2011
PIICAP	TWE		41,602		139,508	$	3.35	ML	31/05/2011
PIICAP	TWE	-	19,989	-	69,962	$	3.50	JBWERE	09/06/2011
PIHEST	TWE	-	26,945	-	95,331	$	3.54	MSDW	11/05/2011
PIHEST	TWE	-	26,341	-	92,194	$	3.50	JBWERE	11/05/2011
PIHEST	TWE	-	40,811	-	146,103	$	3.58	UBSW	16/05/2011
PIHEST	TWE	-	26,420	-	95,265	$	3.61	JBWERE	17/05/2011
PIHEST	TWE	-	22,017	-	78,821	$	3.58	MSDW	17/05/2011
PIHEST	TWE	-	54,583	-	194,960	$	3.57	JBWERE	18/05/2011
PIHEST	TWE	-	53,894	-	188,812	$	3.50	JBWERE	19/05/2011
PIHEST	TWE	-	86,073	-	296,952	$	3.45	DMG	06/06/2011
PIHEST	TWE	-	86,073	-	296,702	$	3.45	SSB	06/06/2011
PIHEST	TWE	-	51,515	-	178,433	$	3.46	SSB	08/06/2011
PIHEST	TWE	-	114,099	-	399,347	$	3.50	JBWERE	09/06/2011
PIHEST	TWE	-	52,840	-	177,675	$	3.36	MSDW	16/06/2011
PIHEST	TWE	-	32,380	-	108,078	$	3.34	DMG	17/06/2011
PIHEST	TWE	-	17,667	-	60,598	$	3.43	SCE	30/06/2011
PIHEST	TWE	-	117,779	-	401,756	$	3.41	JBWERE	30/06/2011
PIGSFP	TWE		38,195		120,887	$	3.17	JPM	24/05/2011
PIGSFP	TWE		19,098		60,541	$	3.17	UBSW	24/05/2011
PIGSFP	TWE		15,278		48,431	$	3.17	JBWERE	24/05/2011
PIGSFP	TWE		294,712		988,287	$	3.35	ML	31/05/2011
PIGSFP	TWE	-	139,856	-	489,496	$	3.50	JBWERE	09/06/2011
PIWGAP	TWE		11,368		36,037	$	3.17	UBSW	24/05/2011
PIWGAP	TWE		9,095		28,831	$	3.17	JBWERE	24/05/2011
PIWGAP	TWE		22,736		71,959	$	3.17	JPM	24/05/2011
PIWGAP	TWE		180,213		604,326	$	3.35	ML	31/05/2011
PIWGAP	TWE	-	37,218	-	128,637	$	3.46	CLSA	07/06/2011
PIWGAP	TWE	-	85,770	-	300,195	$	3.50	JBWERE	09/06/2011
PIWGAP	TWE	-	33,908	-	114,609	$	3.38	CLSA	16/06/2011
PIWGAP	TWE		-26742	-	88,668	$	3.32	CLSA	17/06/2011
PIWGAP	TWE		-35040	-	120,425	$	3.44	CLSA	21/06/2011
PIEFM6	TWE		3219		10,204	$	3.17	UBSW	24/05/2011
PIEFM6	TWE		2575		8,163	$	3.17	JBWERE	24/05/2011

This is annexure 3 Page 6 of 7 referred to in Form 604 Title: Notice of change in interest of substantial holder

PIEFM6	TWE	6438		20,376	$	3.17	JPM	24/05/2011
PIEFM6	TWE	38941		130,585	$	3.35	ML	31/05/2011
PIEFM6	TWE	-17084	-	59,794	$	3.50	JBWERE	09/06/2011
CBAISF	TWE	5158		16,351	$	3.17	UBSW	24/05/2011
CBAISF	TWE	4127		13,083	$	3.17	JBWERE	24/05/2011
CBAISF	TWE	10316		32,650	$	3.17	JPM	24/05/2011
CBAISF	TWE	67887		227,652	$	3.35	ML	31/05/2011
CBAISF	TWE	-31599	-	110,597	$	3.50	JBWERE	09/06/2011
T7	TWE	765		2,572	$	3.36	JBWERE	16/06/2011
T2	TWE	17924		60,269	$	3.36	JBWERE	16/06/2011

This is annexure 3 Page 7 of 7 referred to in Form 604 Title: Notice of change in interest of substantial holder