TREASURY WINE ESTATES LIMITED — Major Shareholding Notification 2012

Nov 22, 2012

Form 605 Corporations Act 2001 Section 671B

Notice of Ceasing to be a Substantial Holder

To: Treasury Wine Estates Ltd ACN/ARSN:

1. Details of substantial holder (s)

Name: FMR LLC and FIL ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on The previous notice was given to the company on The previous notice was dated

21 November 2012 22 November 2012 20 November 2012

2. 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 a substantial holding notice to the company or scheme are as follows:

			Consideration given in relation to change (7	Class & No. of securities affected	Person's votes affected
	Person whose
	relevant	Nature of
Date of Change	interest changed	change (6)	AUD \$	Common stock	Common stock
	FMR LLC &
21 November 2012	FIL	BUY	4.99	5,500	5,500
21 November 2012	FMR LLC & FIL	SELL	4.96	14,750	14,750
21 November 2012	FMR LLC & FIL	SELL	4.96	33,427	33,427
21 November 2012	FMR LLC & FIL	SELL	4.96	99,864	99,864
21 November 2012	FMR LLC & FIL	SELL	4.96	1,823	1,823
			Market Buys	5,500	5,500
			Markets Sells	149,864	149,864

3. Resulting interest

Class of Securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Ordinary shares	32, 272, 223	32,272,223	4.99%

4. 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:

Name and ACN/ARSN (if	Nature of association
applicable)
FMR LLC	No Change
FIL	No change

5. Addresses

The addresses of persons named in this form are as follows:

' Name	Address
FMR LLC	82 Devonshire Street, Boston, MA 02109
FIL	Pembroke Hall, 42 Crow Lane, Pembroke, Bermuda

Sign Here $\overleftrightarrow{\phantom{a}}$ Alamanal

Dated 23 November 2012

Philip Alexander

Regulatory Reporting, Assistant Manager

Duly authorized under Powers of Attorney dated 11 May 2012 by Scott Goebel by and on behalf of FMR LLC, and their respective direct and indirect subsidiaries.

Duly authorized under Powers of Attorney dated 8 October 2012 by Allan Pelvang by and on behalf of FIL Limited and their respective direct and indirect subsidiaries